AGM/EGM15 Oct 2026, 10:10 pm
Quality Power Electrical Equipments Ltd: EGM Notice Corrigendum Issued
AI Summary
Quality Power Electrical Equipments Ltd has issued a corrigendum to the Notice of its Extra Ordinary General Meeting (EGM) scheduled for October 19, 2026. The corrigendum addresses observations received from the National Stock Exchange (NSE) regarding a proposed preferential issue of shares. It includes additional disclosures and clarifications in the Explanatory Statement for Item No. 1, specifically detailing the pricing mechanism for shares as per the company's Articles of Association and SEBI ICDR Regulations. The floor price for the preferential issue is ₹1,456.40 per equity share, determined as the higher of the price under the Articles of Association and SEBI ICDR Regulations.
Key Highlights
- Corrigendum issued for EGM notice dated October 19, 2026.
- Addresses NSE observations on proposed preferential share issue.
- Includes additional disclosures on share pricing mechanism.
- Floor price set at ₹1,456.40 per equity share.
- EGM to seek member approval for preferential issue.
Price Impact
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