AGM/EGM31 Jul 2026, 12:16 pm
Sangam India Ltd: Corrigendum to EGM Notice for Preferential Issue
AI Summary
Sangam India Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, originally scheduled for August 12, 2026. This amendment is in response to queries from NSE and BSE regarding a proposed preferential issue. The corrigendum clarifies the utilization of funds, which will be towards financing capital expenditure for expansion, modernization, and technology upgrades of manufacturing facilities, including setting up new capacities and enhancing existing ones. The total proceeds to be raised through warrants are up to ₹100,00,08,000. The EGM will be held via Video Conference/Other Audio-Visual Means.
Key Highlights
- EGM notice amended due to preferential issue clarifications.
- Funds to finance expansion, modernization, and tech upgrades.
- Proposed capital expenditure up to ₹100,00,08,000.
- EGM to be conducted via Video Conference/OAVM.
- Corrigendum forms integral part of original EGM notice.
Price Impact
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