The corrigendum should be read in continuation of and in conjuction with the notice of EGM of the Company.
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Super Crop Safe Ltd has issued a corrigendum to its EGM notice (EGM scheduled for January 20, 2026) for a preferential issue of equity shares. Key corrections include: (1) The relevant date for calculating the minimum issue price has been changed from Saturday, December 20, 2025 to Friday, December 19, 2025. (2) Post-issue promoter shareholding has been revised from 24.60% to 25.32% (total shares remain 1,31,56,589). (3) The proposed allottees — Wherrelz IT Solutions Ltd (38,46,154 shares, 7.40%) and Voltrix INC (78,98,577 shares, 15.44%) — have clarified that one allottee's ultimate beneficial owner (Mr. Narendrasinh Zala) is already an existing shareholder. (4) Utilization of loan proceeds (~Rs. 15.27 crores) has been revised: secured loan repayment reduced to Rs. 1.63 cr, while working capital and operational expenses increased to Rs. 13.61 cr.
This is a procedural correction to an already-disclosed preferential issue and does not change the fundamental transaction size. Existing shareholders should note the dilution impact (~29% increase in total shares from 4.02 cr to 5.20 cr) and the revised use of funds, with a much larger portion now earmarked for working capital rather than debt repayment.