AJC Jewel Manufacturers Limited has issued a corrigendum to its Notice of the 8th Annual General Meeting dated September 02, 2026. The AGM is scheduled for Tuesday, September 29, 2026 at 02:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means.
The corrigendum follows clarifications/comments received from BSE Limited on September 08, 2026 regarding the company's application seeking in-principle approval for a Preferential Issue of Equity Shares set out at Item No. 6 of the Special Business.
Key Modifications to Preferential Issue Terms
Special Resolution at Item No. 6:
- Issue price revised from ₹169.16 per share (including premium of ₹159.16) to ₹169.85 per share (including premium of ₹159.85)
- Aggregate amount revised from ₹9,59,96,946.72 to ₹9,64,00,000 (Rupees Nine Crore Sixty Four Lakh Only)
- Balance amount over and above swap of shares, if any, will be paid in cash
Explanatory Statement Clauses I, III, IV:
- Issue price revised to ₹169.85 per share from ₹169.16 per share
- Aggregate amount revised to ₹9,64,00,000 from ₹9,59,96,946.72
Explanatory Statement Clause XIII - Pricing Methodology:
The minimum issue price per Equity Share shall be the higher of:
1. Under SEBI ICDR Regulation 164: ₹169.70 per share (higher of:
- ₹124.26: 90-day VWAP
- ₹169.70: 10-day VWAP)
2. Articles of Association methodology: Not applicable (Articles silent on floor price determination)
3. Under Regulation 166A: ₹169.85 per share, determined by valuation report from Alphavalue Consulting Valuation LLP (IBBI/RV-E/05/2021/151)
The Board has decided to issue Equity Shares at ₹169.85 each for the preferential issue.
The corrigendum is being dispatched to shareholders and made available on the company's website, BSE website (www.bseindia.com), and CDSL's e-voting website (www.evotingindia.com). All other terms and contents of the original Notice remain unchanged.