StockWatch
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Speciality Retail
Quarterly Result11 Dec 2025, 07:21 pm

Mafia Trends Ltd. Clarifies Preferential Issue Objects in Corrigendum

AI Summary

Mafia Trends Ltd. has issued a corrigendum to the Extra Ordinary General Meeting (EOGM) Notice dated November 14, 2025. The corrigendum provides clarification and more detail about the objects of the proposed preferential issue. The company will use the proceeds towards working capital requirements and other general corporate purposes. The tentative timeline for the utilization of funds is until March 31, 2027.

Key Highlights

  • Mafia Trends Ltd. issues corrigendum to EOGM Notice dated November 14, 2025
  • Clarification provided on objects of proposed preferential issue
  • Proceeds to be used for working capital requirements and general corporate purposes
  • Tentative timeline for utilization of funds set until March 31, 2027