Intimation of Newspaper Publication w.r.t Corrigendum to Notice of the Postal Ballot dated 20th June 2025
UGROCAP · price
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Awaiting price reaction for this filing.
Ugro Capital published a corrigendum to its June 20, 2025 Postal Ballot Notice in Business Standard and Navshakti Marathi on July 17, 2025. The corrigendum fixes three items: it simplifies the stated use of proceeds from the preferential issue (now focused solely on acquiring Profectus Capital Private Limited within one year, removing the earlier 75%/25% split between capital augmentation and general corporate purposes), replaces the post-preferential issue shareholding table due to a calculation error, and corrects a typographical error in the issue price (90-day VWAP now shown as ₹174.65 instead of ₹174,65; 10-day VWAP remains ₹175.63). India Ratings and Research continues as the Monitoring Agency for the use of proceeds. Shareholders who have already voted may email the Scrutinizer within 48 hours of the corrigendum's dispatch to change their vote.
This is a procedural correction and does not change the substance of the preferential issue or the proposed acquisition of Profectus Capital. Shareholders should review the revised disclosures, especially the corrected shareholding table, before the postal ballot voting deadline; existing voters have a 48-hour window to revise their decision. No major price-moving signal expected from the corrigendum itself.