StockWatch
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Iron & Steel Products
AGM/EGM3 Nov 2026, 05:21 pm

Ecofinity Atomix: EGM Notice Corrigendum Approved

AI Summary

Ecofinity Atomix Limited has approved a corrigendum to its Extra-Ordinary General Meeting (EGM) notice. The original notice dated October 13, 2026, for an EGM scheduled on November 4, 2026, has been amended. This amendment is due to one of the proposed allottees, Mr. Prahladbhai Bhaychanddas Patel, selling equity shares within 90 trading days preceding the relevant date, making him ineligible for preferential allotment under SEBI ICDR Regulations. Consequently, the number of warrants to be allotted has been reduced from 15,87,100 to 15,52,100, and the number of allottees from eighteen to seventeen. The aggregate consideration for the issue has also been adjusted to ₹10,94,23,050/- (₹10.94 Crore) from ₹11,18,90,550/- (₹11.19 Crore). The issue price per warrant remains ₹70.50.

Key Highlights

  • EGM notice amended due to an allottee's share sale.
  • Allottee Mr. Patel ineligible for preferential allotment.
  • Warrant allotment reduced by 35,000 units.
  • Total number of allottees decreased to seventeen.
  • Aggregate issue consideration reduced to ₹10.94 Crore.