RKEC Projects Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting
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RKEC Projects Limited has issued a corrigendum (correction) to its EGM Notice originally dated May 28, 2025. The EGM is scheduled for June 25, 2025 via video conferencing. Three corrections have been made: (1) the 'Relevant Date' for determining the issue price is confirmed as May 26, 2025 (30 days prior to the EGM); (2) Item No. 5 of the EGM is clarified to read 'To approve the issuance of equity shares to promoter by partially conversion of existing Unsecured Loan on preferential basis'; (3) the company has obtained a valuation report from a registered valuer (Shreyansh M Jain), which sets the floor price for the preferential issue at Rs. 82 per equity share. No other changes have been made to the original EGM notice.
The corrigendum confirms that the promoter will receive new equity shares by converting part of an existing unsecured loan, at a floor price of Rs. 82 per share. This will lead to equity dilution for existing shareholders and increase the promoter's stake in the company. The independent valuation provides pricing clarity ahead of the June 25 EGM vote.