5paisa Capital Limited issued a corrigendum to its Postal Ballot Notice dated July 28, 2026, which was circulated to all members on the same date. The corrigendum provides amendments and clarifications to the Explanatory Statement accompanying the postal ballot.
The original postal ballot seeks member approval for "issuance of equity shares on a preferential basis for consideration other than cash pursuant to a share swap arrangement and other matters incidental thereto." The remote e-voting period commenced on Wednesday, July 29, 2026 (9:00 a.m. IST) and will end on Thursday, August 27, 2026 (5:00 p.m. IST).
Key Amendments in the Corrigendum:
A. Valuation Methodologies Clarification (Page 18):
The description of valuation methodologies in the Explanatory Statement has been revised to specify: "The Purchase Consideration has been determined based on a valuation report issued by an independent registered valuer, considering recognized valuation methodologies including the asset-based approach, income-based approach and market-based approaches (namely, Comparable Companies Multiples Method and Market Price Method)."
B. Revised Minimum Floor Price (Page 19):
The minimum floor price has been revised from ₹376.08 to ₹378.39 (Indian Rupees Three Hundred Seventy-Eight and Thirty-Nine Paise Only) as determined by the registered valuer Mr. Raghav Mandhana (IBBI Registration No.: IBBI/RV/06/2025/15965).
The pricing certificate (PCS Certificate) is available on the company website at https://storage.googleapis.com/5paisa-prod-storage/files/investorrelations/2026-07/PCS%20Certicate.pdf and the revised valuation report dated August 20, 2026, is available at https://storage.googleapis.com/5paisa-prod-storage/files/investorrelations/2026-08/valuation-report.pdf.
C. Price Calculation Methodology (Page 20):
The basis for price arrival has been updated with specific figures:
- 90-trading days' volume weighted average price: ₹330.92
- 10-trading days' volume weighted average price: ₹378.39
- Price determined under valuation report: ₹378.39
The calculation accounts for price adjustment from the company's right issue in March 2026, with record date of March 17, 2026. The valuation reports have been revised and updated reports dated August 20, 2026, have been issued by the independent registered valuer.
D. Valuation Report Update (Page 23):
The valuation of shares of GDPL (the acquisition target) was initially determined based on valuation report dated June 18, 2026, but has been revised incorporating additional valuation details as suggested by stock exchanges through their queries during the in-principle approval application process.
Additional Information:
The corrigendum forms an integral part of the original notice and will be available on the company's website (https://www.5paisa.com/investor-relations), CDSL's e-voting portal (www.evotingindia.com), MUFG Intime India Private Limited's website (https://in.mpms.mufg.com), and the stock exchange websites (www.nseindia.com and www.bseindia.com).
Members who have already cast their votes may revise or modify their votes by submitting a request via email to the Scrutinizer at cs@spassociates.co or swapneel@spassociates.co on or before 5:00 P.M. (IST) on Thursday, August 27, 2026.
The corrigendum was issued pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provisions of Section 108 and 110 of the Companies Act, 2013.