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Transchem Limited has issued a corrigendum to the notice of its 2nd Extra-Ordinary General Meeting (EGM) for FY 2025-26, scheduled for December 20, 2025, at the request of BSE Limited. The corrigendum revises the table showing how proceeds from a proposed preferential issue of warrants will be utilized, with the total amount now clearly broken down at Rs. 461.25 crore. The largest chunk — Rs. 168.25 crore — is earmarked for Margin Trading Facility (MTF) deployment, followed by Rs. 115 crore for general corporate purposes, Rs. 80 crore for regulatory capital and liquidity buffers, Rs. 65 crore for strategic acquisitions (including Greshma Shares and Stocks Limited), and Rs. 33 crore for technology and platform development. All funds are directed toward building the company's Financial Services Business, spanning broking, fintech, and market infrastructure. Apart from the revised utilization table, all other contents of the original EGM notice remain unchanged.
Shareholders should review the revised Rs. 461.25 crore fund-deployment plan before voting at the December 20 EGM. The heavy tilt toward margin trading and financial services expansion signals a strategic pivot for Transchem, which could meaningfully reshape its business mix if approved.