Corrigendum to the Notice of the Extraordinary General Meeting
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Sattrix Information Security Ltd has issued a Third Corrigendum to the EGM notice originally dispatched on November 6, 2025, fully replacing the Second Corrigendum dated November 25, 2025. The EGM was held on November 29, 2025, and the matter pertains to a preferential allotment of 45,48,379 equity shares totaling Rs. 157,82,87,513 (a minor correction from the earlier figure). The proposed allottees include two promoters — Sachhin Kishorbhai Gajjaer (12,09,010 shares) and Ronak Sachin Gajjar (22,97,877 shares) — and four non-promoters: Kedia Securities Pvt Ltd (9,14,906 shares), Bhavya Jain, Gaurav Singh, and Sagar Hareshkumar Doshi (44,343, 44,343, and 37,900 shares respectively). The corrigendum also updates ultimate beneficial owner details, changes the Relevant Date from October 29, 2025 to October 30, 2025, and revises the pre- and post-issue shareholding pattern. A Postal Ballot e-voting window will run from January 15 to January 17, 2026, giving all members on record (as of November 22, 2025) a chance to vote.
For shareholders: post-allotment, promoter holding rises from 73.53% to 74.96%, while public holding drops from 22.16% to 14.40% — signaling significant equity dilution for existing public shareholders. The repeated corrigenda suggest procedural discrepancies in how the preferential issue terms were disclosed, which investors should weigh against the Rs. 157+ crore capital being raised.