Enclosed herewith Newspaper Publication of Corrigendum to Postal Ballot Notice
SCANSTL · price
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Scan Steels Limited has published a corrigendum (correction) to its Postal Ballot Notice dated April 14, 2025, in Financial Express (English) and Pratahkal (Marathi) newspapers on April 22, 2025. The correction updates the table under clause (XX) related to a proposed preferential issue of Optionally Convertible Redeemable Preference Shares (OCRPS). It clarifies the ultimate beneficial owners of the three proposed allottees: Bayanwala Brothers Pvt. Ltd. (beneficial owner: Rajesh, going from 14.97% to 16.36% post-issue), Gopikar Supply Pvt. Ltd. (beneficial owner: Nimish, going from 5.85% to 6.46%), and Ascon Merchandise Pvt. Ltd. (no natural person beneficial owner, going from 3.61% to 4.29%). The company has stated these corrections do not impact the resolution or the pre-issue and post-issue shareholding pattern.
This is a routine procedural correction clarifying beneficial ownership details of allottees in a proposed preferential issue. It does not change the resolution terms or shareholding pattern, so no material impact on shareholders or stock price is expected.