Global Infratech Corrects QIP Fund Amount in AGM Notice
Global Infratech & Finance Ltd has issued a corrigendum to its 31st Annual General Meeting (AGM) notice. The correction pertains to a Special Resolution regarding raising funds through Qualified Institutional Placement (QIP). The original notice erroneously stated the fund amount as 'not exceeding Rs. 1.18958 Crore', whereas the correct amount, as disclosed in the Explanatory Statement, is 'not exceeding ₹2.00 Crore'. This corrigendum, along with the modified resolution and explanatory statement, has been dispatched to shareholders for notification and to pass the amended resolution via e-voting at the AGM scheduled for September 16, 2026. The company is seeking approval to raise funds through QIP, adhering to various regulatory provisions including the Companies Act, 2013, and SEBI ICDR Regulations.
Key Highlights
- AGM notice corrected for QIP fund raising amount.
- Fund raising target revised from ₹1.18 Cr to ₹2.00 Cr.
- Special Resolution amendment to be voted on at AGM.
- Corrigendum dispatched to shareholders on September 4, 2026.
Price Impact
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