Meeting Details

The Extra Ordinary General Meeting is scheduled to be held on Friday, July 24, 2026 at 12:00 noon (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Proposed Resolutions and Implications

The EGM seeks shareholder approval for a preferential issue of equity shares and convertible warrants. Key modifications include:

1. Allottee Consolidation

Mr. Vangala Reddy and Mr. Bharat Kumar Reddy Vangala refer to the same individual. The proposed allotments to these names (7,14,286 equity shares each in original notice) are consolidated into a single allotment of 14,28,572 equity shares to Vangala Reddy.

2. UBO Details Update

For PMC Fincorp Limited, the Ultimate Beneficial Owner (UBO) details are now stated as "Not Applicable since PMC Fincorp Limited is a Company listed on BSE Limited."

3. Objects of Preferential Issue Revised

The utilization of proceeds table has been substantially modified as follows:

| Sr. No. | Objects of the Issue | Amount (₹ in Crore) | Timeline |

| 1 | To invest in subsidiary MCRAY Xtend India for drone manufacturing facility | 150.00 | 24 Months |

| 2 | Funding incremental working capital requirements | 100.00 | 18 Months |

| 3 | Repayment/pre-payment of existing borrowings | 50.00 | 18 Months |

| 4 | R&D activities for Drone and Counter-UAV technologies | 75.00 | 24 Months |

| 5 | General Corporate Purposes | 100.00 | 18 Months |

| 6 | Strategic acquisitions, technology acquisitions, investments | 15.89 | 24 Months |

| | Total | 490.89 | |

4. Subscription Intentions

Mrs. Manjula Thumma (spouse of Chairman & Managing Director) has expressed intention to subscribe to Convertible Warrants and will be classified as Promoter Group. No other promoters/directors/KMPs intend to subscribe.

5. Removal of Ineligible Allottee

Ms. Priti Anuj Badjate sold equity shares during the 90 trading days preceding June 24, 2026, violating SEBI ICDR Regulation 159(1). Consequently, her proposed allotment of 5,00,000 equity shares is removed, reducing:

  • Total Equity Shares to be issued: 3,69,28,573 (from 3,74,28,573)
  • Total Issue size for Equity Shares: ₹110,78,57,190 (from ₹112,28,57,190)

Voting Process and Methods

The Company is offering remote e-voting facility. The schedule is:

  • Cut-off date for e-voting: Friday, July 17, 2026
  • E-voting commencement: Tuesday, July 21, 2026 at 09:00 a.m. (IST)
  • E-voting conclusion: Thursday, July 23, 2026 at 05:00 p.m. (IST)
  • EGM date and time: Friday, July 24, 2026 at 12:00 noon (IST)

Shareholding Pattern Changes

The corrigendum provides updated pre and post-issue shareholding pattern tables reflecting the changes in allotment structure and classification of certain allottees from "Indian Public & HUF" to "Others (including IEPF, NRIs, Clearing Members, Trusts, etc.)".

Ultimate Beneficial Owners Table

A comprehensive table detailing the identity of natural persons who are ultimate beneficial owners, their categories, and post-issue holding percentages has been provided for all 40 proposed allottees.

Allottee Status Classification

The current and proposed status (promoter/non-promoter) of all allottees has been updated, with Mrs. Manjula Thumma classified as "Promoter Group" by virtue of being spouse of the Promoter.

Compliance Confirmation

The corrigendum confirms compliance with SEBI ICDR Regulations, Companies Act, 2013, rules made thereunder, and circulars issued by MCA and SEBI.