StockWatch
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Residential- Commercial Projects
AGM/EGM14 Apr 2026, 06:31 pm

Veer Global EGM Notice Corrigendum: Preferential Issue Details Added

AI Summary

Veer Global Infraconstruction Ltd issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated March 30, 2026, scheduled for April 25, 2026. The correction follows observations from BSE regarding the company's application for in-principle approval for a proposed preferential issue of equity shares. The corrigendum adds details to the Explanatory Statement concerning the conversion of outstanding unsecured loans from Veerone Limited and Veer Finance Limited into equity shares. Specifically, ₹1.80 crore from Veerone Limited and ₹5.00 crore from Veer Finance Limited, totaling ₹6.80 crore, are proposed to be set off against equity shares. Additionally, a typographical error in the resolution regarding the number of shares allotted to respective allottees has been corrected, while the total shares, consideration, and post-allotment paid-up capital remain unchanged.

Key Highlights

  • Veer Global issued a corrigendum to its EGM notice for April 25, 2026.
  • Corrigendum adds details for a proposed preferential issue of equity shares.
  • ₹6.80 crore in unsecured loans to be converted into equity shares.
  • Loans from Veerone Ltd (₹1.80 Cr) and Veer Finance Ltd (₹5.00 Cr) are involved.
  • Typographical error in the number of shares for allottees was corrected.