StockWatch
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Diversified Commercial Services
AGM/EGM24 Jun 2026, 06:50 pm

Indiabulls Ltd Issues Corrigendum for July 2 EGM on Preferential Issue

AI Summary

Indiabulls Ltd (formerly Yaari Digital Integrated Services Limited) has issued a corrigendum to its Extraordinary General Meeting (EGM) notice, originally dated June 10, 2026, for a meeting scheduled on July 2, 2026. The corrigendum clarifies details regarding a preferential issue of convertible warrants to promoter and non-promoter group entities. The issue aims to raise ₹1000.07 crore for funding growth plans in Real Estate and NBFC businesses, working capital requirements, and general corporate purposes, with utilization expected within 18 months. The corrigendum also updates pre-issue shareholding calculations and outstanding ESOPs.

Key Highlights

  • Corrigendum issued for EGM on July 2, 2026, concerning preferential issue.
  • Proposed preferential issue aims to raise ₹1000.07 crore.
  • Funds to be utilized for growth, working capital, and general corporate purposes.
  • Updates provided on pre-issue shareholding and outstanding ESOPs.
  • EGM to consider preferential issue of convertible warrants to group entities.