Key Amendments
Replacement of Proposed Allottee: Mr. Saurabh Varma (Non-Promoter category) has been removed from the list of proposed allottees and replaced with Mr. Rakesh Amarlal Hinduja (Non-Promoter category) for the same number of Equity Shares (26,666 shares).
Reason for Change: The change was necessitated due to non-compliance with Regulation 159(1) of the SEBI ICDR Regulations, 2018. Mr. Saurabh Varma had sold/transferred Equity Shares of the Company during the 90 trading days preceding the Relevant Date (Monday, August 3, 2026), making him ineligible as a proposed allottee.
Preferential Issue Details Remain Unchanged:
- Total Issue Size: 37,60,000 Equity Shares of face value ₹5 each
- Issue Price: ₹375 per Equity Share
- Total Issue Amount: ₹141,00,00,000 (Rupees One Hundred Forty-One Crore Only)
- Relevant Date for floor price determination: August 3, 2026
Revised List of Proposed Allottees
The table of Proposed Allottees has been updated as follows:
| Sr. No. | Name of Proposed Allottees | Category | Proposed Number of Equity Shares |
| 1 | Garudlaxmi Ventures LLP | Promoter Group | 18,93,334 |
| 2 | Rakesh Amarlal Hinduja | Non-Promoter | 26,666 |
| 3 | Nitish Mittersain | Non-Promoter | 26,667 |
| 4 | Siddharth Kabra | Non-Promoter | 80,000 |
| 5 | Singularity Large Value Fund III | Non-Promoter | 4,66,667 |
| 6 | Utpal Hemendra Sheth | Non-Promoter | 4,00,000 |
| 7 | Sthitaprajna Advisors LLP | Non-Promoter | 1,12,000 |
| 8 | Kiran Vyapar Limited | Non-Promoter | 2,66,667 |
| 9 | Surendra Lakhumal Hiranandani | Non-Promoter | 61,333 |
| 10 | Chanakya Wealth Creation Fund | Non-Promoter | 1,06,666 |
| 11 | Amit Mehta | Non-Promoter | 53,333 |
| 12 | Antique Securities Private Limited | Non-Promoter | 2,66,667 |
| Total | | | 37,60,000 |
Shareholding Impact
For Mr. Rakesh Amarlal Hinduja:
- Pre-issue holding: 0.00%
- Proposed allotment: 26,666 Equity Shares
- Post-issue holding: 0.07%
EGM Details
Extra-Ordinary General Meeting scheduled for Wednesday, September 2, 2026 at 4:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means to seek member approval for the preferential issue.
Document Status
This Further Corrigendum dated August 28, 2026 forms an integral part of the original EGM Notice dated August 10, 2026 and the First Corrigendum dated August 21, 2026. All other contents, disclosures, terms, conditions and information remain unchanged.