Vintage Coffee And Beverages Limited has informed the Exchange about General Updates REGARDING Intimation Regarding Clarification of Typographical Error
VINCOFE · price
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Vintage Coffee and Beverages has issued a clarification correcting typographical errors in the Explanatory Statement of its EGM notice (4 July 2025) and Corrigendum (23 July 2025) pertaining to two preferential allotment items. The corrections cover the objects of issue for equity shares worth Rs. 186 crore and 24 lakh fully convertible warrants worth Rs. 29.76 crore (combined issue size over Rs. 100 crore). The issue price has been fixed at Rs. 124 per share, which is above the floor price of Rs. 122.24 determined under SEBI ICDR regulations. Infomerics Valuation and Rating has been appointed as the monitoring agency since the issue size exceeds Rs. 100 crore. Proceeds are intended for investment in a wholly-owned subsidiary for capital expenditure, working capital, issue expenses, and general corporate purposes, to be utilized within 12 months.
This is a procedural correction and does not alter the substance or intent of the proposed preferential resolutions. Shareholders voting at the EGM can rely on the corrected details; no material change to the deal economics or shareholder dilution is implied.