Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we have enclosed herewith the Corrigendum to Notice of the EGM dated May 15, 2026 of the Company to be held on June 11, 2026.
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Sumedha Fiscal Services has issued a corrigendum to its June 11, 2026 EGM notice after BSE sought clarifications on the proposed preferential issue. The corrigendum clarifies two items on the EGM agenda: (1) issue of equity shares and (2) issue of convertible warrants. Allottees include Oasis Securities Ltd (non-promoter, 3,00,000 shares) and Mrs. Savita Maheshwari of the promoter group (1,00,000 shares plus 2,50,000 warrants). The floor price has been fixed at Rs. 41.01 per share, with the actual issue/exercise price set at Rs. 41.05 per share (including a premium of Rs. 31.05), based on a valuation report dated June 1, 2026 by CA Ambika Singh. Total issue proceeds are estimated at Rs. 2.67 crore — about Rs. 2.00 crore earmarked for augmenting capital base and working capital, and Rs. 66.7 lakh for general corporate purposes (within 25% of total). Post-issue, Mrs. Maheshwari's stake will rise from 1.34% to 5.29% and Oasis Securities will hold 3.47%. The company has confirmed there will be no change in control.
This is a small fund-raise of about Rs. 2.67 crore, so dilution impact is limited, but the promoter group's rising stake is a mildly positive signal. Shareholders should review the corrigendum before the June 11 EGM as it forms an integral part of the original notice.