Intimation and Corrigendum to the Notice of EGM is attached.
TCC · price
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TCC Concept Ltd has issued a corrigendum to its EGM notice dated October 14, 2025, ahead of the EGM scheduled for November 5, 2025. The company has revised the scope of its proposed acquisition of Pepperfry Limited upward from 95.18% to 98.98% stake on a fully-diluted basis. To fund this larger acquisition through a share swap, the number of equity shares to be issued via preferential allotment has been increased from 1,18,19,109 to 1,18,55,560 shares at Rs. 557.9445 per share, taking the aggregate deal value up from about Rs. 659.44 crore to about Rs. 661.47 crore. The list of allottees has also been expanded to include Anupama Vedantam and the Anupama Vedantam Vedantam Family Trust alongside the existing institutional investors such as Erste WV Gutersloh, General Electric Pension Trust, and Goldman Sachs Asia Strategic Pte. Ltd.
Shareholders should review the revised terms carefully as the deal size and dilution have both increased marginally. Existing TCC Concept shareholders will see slightly higher dilution (post-issue promoter holding moves from 45.72% to 45.69%), and the larger 98.98% stake in Pepperfry makes this a more comprehensive acquisition that could materially change the combined entity's business profile once the EGM approves the resolution.