Corrigendum to Outcome of Board Meeting held on 24th October, 2025. Details as enclosed
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Awaiting price reaction for this filing.
Vani Commercials Ltd has issued a corrigendum correcting the number of equity shares to be issued on a preferential basis from 3,22,41,667 to 3,22,41,655 (face value Rs 10 each), subject to shareholder approval at a forthcoming EGM. The shares will be allotted to 26 non-promoter allottees including individuals and private companies, with no promoter participation in this tranche. The largest allottees are Novaxdigital Technologies And Services Limited (91.67 lakh shares), Kirtish Technologies Private Limited (41.67 lakh shares), and SN Capital Management Private Limited (41.67 lakh shares). At face value, the total issue size is approximately Rs 32.24 crores, though the actual pricing and any premium will determine the real fundraising amount. The corrigendum was filed because of discrepancies noticed while preparing the EGM notice; all other details of the original board meeting outcome remain unchanged.
The correction is minor (12 shares fewer) and doesn't change the substance of the preferential issue. Existing shareholders should note potential dilution once the EGM approves this large preferential allotment to non-promoters, which will increase the company's equity base by roughly 3.22 crore shares.