Corrigendum to EGM Notice - Materiality Threshold and Transaction Details

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AI summary

Surat Trade and Mercantile issued a corrigendum to its August 10, 2026 EGM notice, correcting errors in the materiality threshold table for Item No. 3. Revised figures show consolidated turnover of about Rs 7090 lakhs, aggregate transactions of about Rs 816 lakhs exceeding the Rs 709 lakh threshold by Rs 107 lakhs. Annexure B discloses sale of 3 arts and artifacts totalling about Rs 811 lakhs, plus Rs 4.8 lakh remuneration to Mr Alok P Shah in FY 2025-26.

Likely market impact

Correction clarifies related party transaction disclosures; substance unchanged but members should review revised EGM notice before voting.