Revised Corrigendum of outcome of fund raising committee meeting of board of directors held on 08th July, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vishal Fabrics has issued a corrigendum correcting errors in its earlier disclosure on a fund-raising committee meeting held on July 8, 2025. The pre-issue equity holding percentage of the allottee, Elysian Wealth Fund (formerly Silver Stallion Limited), was wrongly stated as 0% and has been corrected to 3.31%. The post-issue equity holding figures upon exercise of warrants were also incorrect and have now been revised, with the post-issue shareholding percentage shown as 6.89%. Additionally, the day of the board meeting was wrongly mentioned as Monday when July 8, 2025 was actually a Tuesday. All other details in the original submission remain unchanged.
This is a correction to a prior disclosure and does not change the underlying transaction, which involves the allotment of 1,50,00,000 convertible warrants to Elysian Wealth Fund. Existing shareholders should note potential equity dilution once these warrants are exercised, though no immediate price impact is expected from the corrigendum itself.