In Continuation to our intimation dated August 18,2025, we are submitting herewith the corrigendum of the notice of Annual General Meeting Scheduled to be held on Wednesday, 10 September, ....
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Shree Rajasthan Syntex Ltd has issued a corrigendum to the notice of its 45th AGM scheduled for September 10, 2025, at 2:00 PM at its registered office in Dungarpur, Rajasthan. The main changes relate to the proposed preferential issue of equity shares, following observations from BSE. The company plans to increase its authorized share capital from Rs. 34.5 crore to Rs. 47.5 crore and issue up to 81,25,000 equity shares at Rs. 13.25 per share for cash (totaling about Rs. 10.77 crore) to promoter group and non-promoter allottees. Additionally, up to 46 lakh equity shares will be issued at the same price against conversion of unsecured loans (about Rs. 6.10 crore). The total proceeds of Rs. 10.77 crore will be used to repay unsecured inter-corporate loans (Rs. 255 lakh), pay employee dues (Rs. 65 lakh), fund working capital (Rs. 456.56 lakh), and finance capital expenditure on new machinery (Rs. 300 lakh). Other AGM items include re-appointment of Mr. Anubhav Ladia by rotation, ratification of cost auditor remuneration, appointment of secretarial auditors for five years, and re-appointment of two independent directors for second terms. E-voting runs from September 7-9, 2025, with cut-off date of September 3, 2025.
Shareholders will vote on these resolutions at the September 10 AGM. If approved, existing shareholders will face dilution from the preferential issues (about 1.27 crore new shares), but the company will strengthen its balance sheet by clearing outstanding loans and employee dues while funding growth via working capital and new machinery.