StockWatch
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Household Products
Clarification23 Jun 2026, 06:30 pm

Ambica Agarbathies Issues Corrigendum for EGM Notice on Preferential Issue

AI Summary

Ambica Agarbathies & Aroma Industries Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, originally scheduled for June 30, 2026. The corrigendum clarifies changes to the Explanatory Statement for Item No. 01, concerning the issuance of 8,48,600 equity shares on a preferential basis. This amendment is in response to requirements from NSE and BSE regarding the company's application for in-principle approval for a preferential issue. The issue price for these shares has been set at ₹25 each, determined in compliance with SEBI (ICDR) Regulations, 2018, considering the volume-weighted average price of the company's frequently traded shares.

Key Highlights

  • Corrigendum issued for EGM scheduled on June 30, 2026.
  • Clarifies changes to the Explanatory Statement for preferential issue.
  • 8,48,600 equity shares to be issued on preferential basis.
  • Issue price set at ₹25 per share, compliant with SEBI (ICDR) Regulations.
  • Amendments are in response to NSE and BSE requirements.