Yuken India Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot
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Yuken India has issued a corrigendum to its Postal Ballot Notice originally dispatched on May 28, 2025, after discovering errors and missing information in Resolution No. 2 related to a proposed preferential equity share allotment. Key corrections include updating the proposed allottee's PAN (AAACY2897C), clarifying the floor price calculation under SEBI ICDR Regulation 164(1), and revising post-issue shareholding figures. The floor price is set at ₹1,025.32 per share based on the 10-day VWAP on NSE (₹1,025.32) versus the 90-day VWAP of ₹853.00, with the final issue price fixed at ₹1,026 per share. Post-issue, the allottee will hold 78,84,208 shares (58.04%), taking the company's total shares to 1,35,84,000. Shareholders who already voted on Resolution No. 2 can raise grievances via email between June 13–14, 2025.
This is a procedural correction, not a new business development. The preferential allotment, if approved, will significantly dilute existing shareholders (the allottee's stake rises to 58.04%), which is a key point for shareholders to evaluate when voting.