Unicommerce Esolutions Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot dated March 20, 2025
UNIECOM · price
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Unicommerce eSolutions has issued a corrigendum to its Postal Ballot Notice originally sent to shareholders on March 20, 2025. The corrections relate to Item No. 1 of the notice, which seeks shareholder approval for issuing equity shares on a preferential basis to acquire the remaining 52.49% stake in Shipway. The company already bought 47.51% of Shipway for Rs 68.4 crore in cash, and the balance will come through a stock swap of 60,33,189 shares issued to three allottees (Vikas Garg, Gaurav Gupta, and Puneet Gupta), who will collectively hold 5.56% of Unicommerce post-issue. The corrigendum fixes broken document links, corrects a typographical error in the company abbreviation, updates the shareholding pattern as of March 14, 2025, clarifies that no change in control will result from the allotment, and confirms that Regulation 164(3) on price re-computation does not apply. Shareholders who have already voted may recast their votes via email until April 19, 2025.
This is largely a procedural correction to an ongoing shareholder vote, so immediate stock price impact is limited. However, the underlying matter — completing the 100% acquisition of Shipway via a mix of cash and stock swap — is material to Unicommerce's growth story. Existing shareholders will see a modest dilution of about 5.89% on a pre-issue basis, and the three allottees will collectively hold 5.56% post-issue. No change in control is triggered.