
Kanungo Financiers Ltd Issues EGM Notice Corrigendum
Kanungo Financiers Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EOGM) notice, originally scheduled for August 21, 2026. The corrigendum clarifies and corrects certain clerical errors in the original notice dated July 24, 2026. The primary corrections relate to Item No. 4 and its Explanatory Statement concerning a preferential issue. Specifically, it details the objects of the preferential issue, including the acquisition of equity shares in M/s. Startech Infralogistics Private Limited and M/s. Peepal Mining and Logistics Private Limited through a share swap. The total consideration involves issuing 4,06,62,090 equity shares of Kanungo Financiers Ltd at Rs. 20 per share. A correction is also made to Point No. 7 regarding the lock-in period for the allotted shares. These changes are described as clerical and do not alter the substance of other resolutions or material information.
Key Highlights
- Corrigendum issued for EGM notice scheduled for August 21, 2026.
- Clarifies preferential issue details, including acquisitions via share swap.
- Total of 4,06,62,090 equity shares to be issued at Rs. 20 each.
- Corrections are clerical, not impacting substance of other resolutions.
Price Impact
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