Corrigendum to the Notice of EOGM
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Sattva Sukun Lifecare Ltd has issued a corrigendum to the Notice of its Extra-Ordinary General Meeting (EOGM) scheduled for July 19, 2025, adding a third resolution that was not in the original notice dated June 21, 2025. The new Resolution No. 3 seeks shareholder approval to acquire 51% or more of the equity shares of M/s PavaPuri Export Private Limited, a Mumbai-based diamond trading company, making it a subsidiary of Sattva Sukun. The company plans to invest up to ₹1,000 lakhs (₹10 crore) in this acquisition, drawn from the ₹1,916.16 lakhs raised through its recent rights issue. The Board approved this corrigendum at its meeting on July 16, 2025, and authorized the Managing Director and Company Secretary to circulate it to shareholders and stock exchanges. The original two resolutions regarding regularization of two directors remain unchanged.
Shareholders will now vote on a diamond-trading acquisition that diversifies Sattva Sukun's business beyond its current healthcare/lifecare focus. If approved, PavaPuri Export will become a subsidiary, potentially expanding revenue streams but also introducing execution and integration risk in a new industry vertical.