Announcement under Regulation 30 (LODR) Regulation- Compliance with the BSE notice 20221213-47 dated 13/12/2022
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SC Agrotech has informed the stock exchange about two items. First, the Board reviewed a Corrigendum issued after its Annual General Meeting (AGM) that had an error in the remote e-voting schedule — it mistakenly mentioned September instead of November, and the company is now clarifying the correct dates. Second, in line with a BSE notice on preferential issue disclosures, the company has shared how it plans to use the money raised from a preferential issue: up to ₹9,000 lakhs for working capital needs, up to ₹1,000 lakhs for buying fixed assets, and up to ₹1,200 lakhs for general corporate purposes — totaling up to ₹11,200 lakhs, all to be deployed within one year.
This is largely a procedural compliance update with no new business event. Shareholders get visibility into how up to ₹112 crore from the preferential issue will be deployed within the next year, which helps them track whether the funds are put to productive use as promised.