Reason for Corrigendum

The Company had submitted an application to BSE Limited seeking in-principle approval for the proposed preferential issue of 15% Compulsorily Convertible Preference Shares (CCPS). BSE provided certain observations, directing the Company to provide additional details and clarifications through this corrigendum.

Specific Modifications

The corrigendum provides clarifications, additional disclosures and amendments relating to:

  • Point No. 5: "Basis on which the Issue Price for the securities has been arrived at"
  • Point No. 19: "Practising Company Secretary's Certificate"

under Item Nos. 1 and 2 of the Explanatory Statement annexed to the EGM Notice.

Pricing Details for Preferential Issue

The equity shares are listed only on BSE Limited and are frequently traded. In terms of Regulation 164 of SEBI ICDR Regulations, with relevant date being September 15, 2026, the issue price shall not be less than higher of:

  • 90 trading days volume weighted average price: ₹90.57 per equity share
  • 10 trading days volume weighted average price: ₹83.65 per equity share

The Board has decided to issue Equity Shares at ₹100 each (face value) with a premium of ₹90 per share, totaling ₹190 per share, which is not lower than the price determined under SEBI regulations.

Valuation of CCPS

The company has determined the value of Non-Convertible Redeemable Preference Shares (NCRPS) aggregating to ₹2,50,00,000 (₹2.50 crore) through an independent valuation dated September 16, 2026, issued by Mr. Krishna Chaitanya Janga, Registered Valuer (Registration No. IBBI/RV/05/2019/12328).

Company Secretary Certificate

The certificate from M/s. Rawal & Co., Company Secretaries represented by Proprietor Mr. Vivek Rawal, Practicing Company Secretary (Membership No. 43231 and CP No. 22687), certifies that the preferential issue of CCPS complies with Chapter V of SEBI (ICDR) Regulations. The certificate was previously omitted from the website but is now available at https://mcplworld.com/investor-corner#disclsoures

Effective Dates and Status

The original EGM notice was dated September 16, 2026, and dispatched to shareholders on September 21, 2026. This corrigendum dated October 09, 2026 forms an integral part of the original notice. All other terms and contents of the EGM Notice remain unchanged except for the specified modifications.

Availability

The corrigendum is available on the company's website at https://www.mcplworld.com/ and will also be made available on BSE Limited's website at https://www.bseindia.com/.

Financial Impact

Financial impact not quantified in the disclosure beyond the stated issue size of ₹2.50 crore for NCRPS and the pricing mechanism for equity shares.