Key Dates

  • EGM Date: Monday, October 19, 2026 at 01:00 PM (IST)
  • Original EGM Notice Date: September 22, 2026
  • Original Dispatch Date: September 24, 2026
  • Corrigendum Date: October 12, 2026
  • Corrigendum Dispatch Date: October 12, 2026

Detailed Clarifications to Explanatory Statement

1. Clarification to Point No. 10 – Details of Ultimate Beneficial Owners

This section provides a comprehensive table of 16 proposed allottees with their categories, pre-issue shareholding (if any), percentage of pre-issue share capital, number of equity shares proposed to be allotted, percentage of post-issue share capital, and ultimate beneficial owners.

Key allottee details:

  • Manba Investments and Securities Private Limited (Company): Pre-issue holding 1,39,06,038 shares (27.68%), proposed allotment 22,22,223 shares, post-issue holding 27.98%, UBO: Manish Kiritkumar Shah and Nikita Manish Shah
  • Manish Kiritkumar Shah (Individual): Pre-issue holding 65,59,848 shares (13.06%), proposed allotment 1,85,000 shares, post-issue holding 11.70%
  • Preeti Chetan Dedhia (Individual): No pre-issue holding, proposed allotment 1,85,186 shares, post-issue holding 0.32%
  • Hem Securities Limited (Company): No pre-issue holding, proposed allotment 3,70,371 shares, post-issue holding 0.64%, UBO: Hem Chand Jain
  • Chetan Kheraj Dedhia (Individual): No pre-issue holding, proposed allotment 2,22,226 shares, post-issue holding 0.39%
  • Sanjay Popatlal Jain (Individual): No pre-issue holding, proposed allotment 3,70,371 shares, post-issue holding 0.64%
  • Vaibhav Satish Shah (HUF): Pre-issue holding 60,000 shares (0.12%), proposed allotment 1,85,186 shares, post-issue holding 0.43%, UBO: Vaibhav Satish Shah
  • Limona Ventures LLP (LLP): No pre-issue holding, proposed allotment 7,40,741 shares, post-issue holding 1.28%, UBO: Rajnikant Mansukhlal Lakhani and B R Lakhani
  • Nexus Equity Growth Fund SCH-1 (Fund): No pre-issue holding, proposed allotment 1,48,149 shares, post-issue holding 0.26%, UBO: Malay Rohitkumar Bhow
  • Zenila Ventures LLP (LLP): No pre-issue holding, proposed allotment 14,81,482 shares, post-issue holding 2.57%, UBO: Ritesh Deepak Mehta, Rajgopal Narasimhan, Pankaj Ramanbhai Patel and Sharvil Pankajbhai Patel
  • Trans Globe Edu Private Limited (Company): No pre-issue holding, proposed allotment 74,075 shares, post-issue holding 0.13%, UBO: Vijay Bharatkumar Mehta
  • Mithali Dharmesh Badani (Individual): No pre-issue holding, proposed allotment 37,038 shares, post-issue holding 0.06%
  • AMS India Opportunities, LP (Limited Partnership): No pre-issue holding, proposed allotment 74,075 shares, post-issue holding 0.13%, UBO: Vishal Bhutani
  • Ami Manish Modi (Individual): No pre-issue holding, proposed allotment 1,85,186 shares, post-issue holding 0.32%
  • Manish Mahendra Modi (Individual): No pre-issue holding, proposed allotment 1,85,186 shares, post-issue holding 0.32%
  • LYSA Trading LLP (LLP): No pre-issue holding, proposed allotment 740,741 shares, post-issue holding 1.28%, UBO: Luv Amit Patel

The disclosure notes that for Regulation 166A of SEBI ICDR Regulations, relevant holdings/proposed allotments of persons acting in concert shall be considered together.

2. Clarification to Point No. 12 – Intention of Promoters, Directors and Key Managerial Personnel

The company obtained confirmations from all promoters/promoter group members, directors, key managerial personnel and senior management regarding their intention to subscribe to the proposed preferential issue.

Promoter allottee intentions:

  • Manba Investments and Securities Private Limited: Yes, intends to subscribe to 22,22,223 warrants
  • Mr. Manish Kiritkumar Shah: Yes, intends to subscribe to 1,85,000 warrants
  • Other promoter group members (Ms. Nikita Manish Shah, Manba Infotech LLP, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Mr. Monil Manish Shah, Ms. Mansi Hardik Shah, Manish Kirit Shah HUF): No intention to subscribe

Directors/Key Managerial Personnel and Senior Management other than the proposed allottees have confirmed they do not intend to subscribe to the preferential issue.

3. Clarification to Point No. 29 – Certificate of Practising Company Secretary

The company obtained a certificate from M/s. Ronak Jhuthawat & Co., Practicing Company Secretaries (FCS [9738] | CP [12094]) certifying that the preferential issue complies with Chapter V of SEBI ICDR Regulations. The certificate is available on the company's website.

General Information

The corrigendum forms an integral part of the original EGM notice and is available on the company's website at https://www.manbafinance.com/stock-exchange-intimation-2026-27/ and on the stock exchange websites. All other contents of the EGM notice remain unchanged and effective.