Sejal Glass Limited has informed the Exchange about General Updates
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Sejal Glass is doing a preferential issue of 13,00,000 equity shares and 4,00,000 convertible warrants, as originally proposed in its September 15, 2025 postal ballot notice. Earlier, the company had told shareholders that since the issue was below 5% of post-issue share capital, it did not need an independent valuation under SEBI's Regulation 166A. It has now clarified, in response to an NSE query, that the issue will actually cross the 5% threshold. Consequently, the company has obtained a valuation clarification from independent registered valuer Mr. Nitish Chaturvedi to determine the fair price for the shares and warrants. The corrigendum dated October 7 and October 10, 2025 has been amended accordingly.
This is a procedural correction that brings the company into compliance with SEBI rules on preferential allotments. While it does not change the size of the issue, it means the pricing of the shares and warrants is now backed by an independent valuation, which is a positive governance signal. Existing shareholders should note that the preferential allotment is larger relative to share capital than initially communicated.