StockWatch
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Software Products
AGM/EGM23 Sept 2026, 06:11 pm

Nihar Info Global Ltd: Corrigendum to AGM Notice on Preferential Issue

AI Summary

Nihar Info Global Ltd has issued a corrigendum to its 32nd Annual General Meeting (AGM) notice dated August 31, 2026. This amendment specifically addresses changes to the explanatory statement concerning the proposed issue and allotment of equity shares and warrants on a preferential basis. The BSE had raised observations regarding certain clauses (items 9 & 10) of the explanatory statement. The revised clauses clarify that proceeds from the preferential issue will be used to strengthen the company's e-commerce and technology-led business initiatives, including the expansion of GoldnSilver.shop, with ₹23.17 crore allocated for specific business purposes. The corrigendum is being sent electronically and is available on the company's website and stock exchange websites.

Key Highlights

  • Corrigendum issued for 32nd AGM notice regarding preferential issue details.
  • Changes made to explanatory statement for items 9 & 10 based on BSE observations.
  • Funds to be used for e-commerce expansion, including GoldnSilver.shop.
  • ₹23.17 crore earmarked for specific business purposes from preferential issue.