Corrigendum to the notice of the Extra-Ordinary General Meeting published in Mumbai Lakshadweep, and Active Times
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Awaiting price reaction for this filing.
Stellant Securities (India) Ltd has issued a corrigendum (correction notice) to its EGM notice originally dated November 14, 2025, ahead of the EGM scheduled for December 10, 2025. The 'Relevant Date' used for pricing the preferential share issue has been changed from November 11, 2025 to November 10, 2025. The floor price under Regulation 166A has been revised downward from ₹152.38 to ₹146.71, while the minimum issue price for the preferential allotment has been fixed at ₹265.50 per share (the higher of the 90-day VWAP of ₹237.85 and the 10-day VWAP of ₹265.50). The corrigendum also lists 50 proposed allottees — comprising companies, LLPs, trusts and individuals — to whom shares will be allotted on a preferential basis, all from the public category. The largest proposed allottee is Altius Finserv Private Limited with a 7.43% post-issue stake, followed by Indeed Advisory Private Limited (2.97%) and others.
For existing shareholders, this preferential issue will lead to dilution, but since it is at a price well above the regulatory floor (₹265.50 vs. ₹146.71), the company is raising capital at a healthy premium to market valuation. The corrigendum itself is a procedural correction and is unlikely to cause any major stock price movement on its own.