Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Updates on Ongoing Preferential Issue
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TeleCanor Global has informed BSE that Mr. Maruti Ram Praturi has been removed from the list of proposed warrant allottees in the company's ongoing preferential issue. The reason given is that certain documents related to his pledging of shares were not made available, which BSE needed to process the in-principle approval. Consequently, the warrants that were to be issued to him have also been withdrawn, which will reduce the overall issue size. Apart from this withdrawal and the related change in issue size, the objects of the preferential issue, the allotment amounts, and the post-allotment shareholding percentages remain unchanged. The EGM notice dated February 5, 2026 stands on all other items.
This is a minor procedural update — the preferential issue continues but with a slightly smaller size after one allottee drops out. It is unlikely to have a meaningful impact on the stock price or shareholder value, as the core purpose and structure of the fundraise remain intact.