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Awaiting price reaction for this filing.
Saptak Chem and Business Limited has issued a corrigendum to its EGM notice originally circulated for the meeting on November 12, 2025. The correction relates to the stated object of the preferential issue — the earlier wording included 'providing margin for Bank Guarantee' which has now been removed, leaving only working capital requirements and general corporate purposes. The total size of the preferential issue remains unchanged at Rs. 4.200 crores, with Rs. 4.074 crores earmarked for working capital and Rs. 0.126 crores for general corporate purposes, to be utilized by March 2026. The EGM will be held via video conferencing. The corrigendum has been signed by Managing Director Rohitkumar Parikh on November 7, 2025.
This is essentially a clarification/correction to the EGM notice and does not change the total amount being raised or its broad use. Shareholders should review the revised object clause before the November 12 EGM, though the change is minor and the dilution size remains Rs. 4.2 cr.