Key Quantitative Figures

The company is seeking approval for the issuance of 81,55,000 convertible warrants to 55 allottees on a preferential basis. The post-issue share capital will increase from 43,87,100 shares to 1,25,42,100 shares upon full conversion of all warrants.

Dates of Action

The original Postal Ballot Notice was issued on 12th May 2026. Previous corrigenda were issued on 20th May 2026 and 27th May 2026. This third corrigendum is dated 9th June 2026. The remote e-voting process commenced on 13th May 2026 and will close on 11th June 2026 at 05:00 PM IST.

Parties Involved

The corrigendum specifically concerns M/s. Spazio Formulations Limited, which is being reclassified from "Public" to "Promoter Group" category. Other significant allottees include Magestic Capital Finance Advisory Private Limited (11,00,000 warrants), Finvention Finvest Private Limited (3,00,000 warrants), and various promoter group entities including Alantis Comtrade LLP, Alantis Exim LLP, Alantis Globe LLP, and OTP Advisory LLP (each receiving 1,50,000 warrants).

Purpose and Rationale

The purpose of this corrigendum is to disclose the details of the beneficial owner of M/s. Spazio Formulations Limited and to reflect a change in the category of this allottee from "Public" to "Promoter Group" in relation to Agenda Item No. 2 of the Postal Ballot Notice.

Capital Structure Impact

Pre-Issue Shareholding (as on 31st March 2026):

  • Total Shares: 43,87,100
  • Promoter & Promoter Group: 31,83,483 shares (72.56%)
  • Public Shareholding: 12,03,617 shares (27.44%)

Post-Issue Shareholding (upon full conversion):

  • Total Shares: 1,25,42,100
  • Promoter & Promoter Group: 39,83,483 shares (31.76%)
  • Public Shareholding: 85,58,617 shares (68.24%)

The preferential issue will result in significant dilution of promoter holding from 72.56% to 31.76%.

Beneficial Ownership Details

The corrigendum provides detailed beneficial ownership information for all allottees. For Spazio Formulations Limited, the beneficial owners are identified as Patel Tarunkumar Gunvantlal, Digvijaysinh Chauhan, and Vedant Tarunbhai Patel.

Current and Proposed Status of Allottees

The document clarifies that except for the entities that will form part of the Promoter Group (Spazio Formulations Limited, Alantis Comtrade LLP, Alantis Exim LLP, Alantis Globe LLP, and OTP Advisory LLP), none of the other Promoters, Directors or Key Managerial Personnel intend to subscribe to the convertible warrants.

Shareholder Communication

Shareholders who have already cast their vote on Resolution No. 2 and have queries regarding this corrigendum may contact the company at jattashankarind@yahoo.com until 11th June 2026. This corrigendum forms an integral part of the previous corrigenda dated 20th May 2026 and 27th May 2026, and the original Notice of Postal Ballot dated 12th May 2026.