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Saptak Chem And Business Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EGM) scheduled for November 12, 2025 at 11:30 A.M. via video conferencing. The correction amends the stated objects of a proposed preferential issue. The original wording mentioned using proceeds 'to meet Working Capital requirement of the company and to provide margin for Bank Guarantee,' but the corrected version removes the 'margin for Bank Guarantee' portion, limiting the object to working capital requirement alone. The total preferential issue size remains unchanged at Rs. 4.20 crore, with Rs. 4.074 crore earmarked for working capital and Rs. 0.126 crore for general corporate purposes, both to be utilized by March 2026. The corrigendum was signed by Managing Director Rohitkumar Parikh on November 7, 2025.
This is a minor administrative correction that narrows the stated purpose of the preferential issue to working capital needs, with no change in the actual fund allocation amounts. Shareholders should review the revised EGM notice before voting on November 12, but the dilution quantum and intended use of proceeds remain the same.