Venus Pipes EGM Corrigendum for ₹372 Cr Preferential Issue

Venus Pipes & Tubes Ltd. issued a corrigendum on September 30, 2026, to its Extra Ordinary General Meeting (EGM) notice dated September 16, 2026. The EGM is scheduled for October 08, 2026, to approve a proposed preferential issue. The corrigendum incorporates clarifications regarding the preferential issue, as advised by the National Stock Exchange of India Limited (NSE). The revisions primarily concern the utilization of the issue proceeds. The company plans to raise up to ₹3,71,99,98,480 (Rupees Three Hundred Seventy One Crore Ninety Nine Lakh Ninety Eight Thousand Four Hundred Eighty Only) through the preferential issue. A significant portion, up to ₹344.00 crores, is intended for repayment/prepayment of certain bank borrowings. Additionally, a previous note on "Utilization of Issue Proceeds" was deleted based on observations from BSE. This corrigendum forms an integral part of the original EGM notice.