AGM/EGM2 Sept 2026, 08:54 am
Wheels India Ltd Issues Corrigendum for EGM Notice
AI Summary
Wheels India Ltd has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EGM) scheduled for September 17, 2026. This update is in response to observations received from the National Stock Exchange (NSE) regarding a proposed preferential issue of equity shares. The corrigendum revises the issue price per equity share from ₹1418 to ₹1461, aligning with SEBI's ICDR Regulations. The total consideration for the preferential issue remains unchanged at ₹180 Crore. The revised valuation report and EGM notice details are available on the company's website and CDSL's e-voting platform.
Key Highlights
- EGM notice amended due to NSE observations on preferential issue.
- Issue price per share revised to ₹1461 from ₹1418.
- Total preferential issue consideration remains ₹180 Crore.
- Corrigendum issued to comply with SEBI ICDR Regulations.
- Revised documents available on company website and CDSL.
Price Impact
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