Announced Mon, 13 Jul · 19:14 IST

Corrigendum to EGM Notice - E-voting details and allottee names corrected

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹18.91
prior close
₹19.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+10.2+15.7+10.2+8.3+6.2+2.0
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AI summary

Sharika Enterprises issued corrigendum to its July 17, 2026 EGM notice. Key changes: e-voting platform switched to CDSL, cut-off date July 10, 2026, voting July 14-16. Preferential issue of 21.71 crore rupees detailed: 4.50 cr loan repayment, 7.81 cr working capital, 5 cr for two subsidiaries, 4.40 cr general use. Allottee names corrected. Promoter stake will dilute from 55.16 percent to 40.17 percent after issue.

Likely market impact

Promoter dilution from 55 to 40 percent may weigh on stock; corrigendum fixes administrative errors in EGM notice ahead of key vote.