Mizzen Ventures Preferential Issue Corrigendum Approval

Board Meeting Details

The Board of Directors meeting was held on Thursday, 09th July 2026, commencing at 2:30 PM IST and concluding at 3:30 PM IST. The board approved a corrigendum to the notice convening the 1st Extra-Ordinary General Meeting for FY 2026-2027.

EOGM Details

The Extra-Ordinary General Meeting is scheduled to be held on Wednesday, 15th July 2026 at 11:30 AM IST through Video Conferencing/Other Audio-Visual Means.

Corrigendum Purpose

The corrigendum incorporates recommendations received from BSE Limited and includes modifications to the proposed preferential issue of securities. It specifically modifies Point Nos. 1, 3, 4 and 16 of Item No. 2 of the Explanatory Statement pursuant to Section 102 of the Companies Act, 2013.

Preferential Issue Details

Objects of the Issue

The company proposes to utilize ₹10,00,00,000 from the preferential issue proceeds for funding business, operational and growth requirements of the company and its wholly owned subsidiary Mizzen Digital Private Limited.

Fund Utilization Breakdown

| Sales, marketing and business development expenses | ₹25,00,000 | ₹2,50,00,000 | ₹2,75,00,000 |

| Technology platform upgrade and product enhancement | ₹25,00,000 | ₹3,50,00,000 | ₹3,75,00,000 |

| Employee salaries, hiring and manpower costs | ₹25,00,000 | ₹2,00,00,000 | ₹2,25,00,000 |

| General corporate purposes | ₹50,00,000 | ₹75,00,000 | ₹1,25,00,000 |

| Total | ₹1,25,00,000 | ₹8,75,00,000 | ₹10,00,00,000 |

Utilization Timeline

The company proposes to utilize the issue proceeds within 12 months from the date of receipt of funds. The amounts allocated may vary by +/-10% depending on future circumstances and management estimates.

Pricing Details

Equity Shares will be issued at ₹125 per share. The Relevant Date for determination of issue price is 15th June 2026 (30 days prior to the date of passing of special resolution in EOGM). The price was determined in accordance with Regulation 165 of SEBI (ICDR) Regulations, 2018.

Valuation Details

The valuation was conducted by Bhavesh M. Rathod, Chartered Accountant and Registered Valuer - SFA. Office Address: Office No. 515, 5th Floor, Dimple Arcade, Behind Sai Dham Temple, Thakur Complex, Kandivali (East), Mumbai, Maharashtra - 400101. Registered Address: 12D, White Spring, A Wing, Rivali Park Complex, Western Express Highway, Borivali (East), Mumbai - 400066.

Compliance Certificate

As required by Regulation 163(2) of SEBI ICDR Regulations, a certificate from a Practicing Company Secretary certifying compliance with SEBI ICDR requirements has been obtained.

Document Availability

The corrigendum and related documents (valuation report, compliance certificate) are available on the company website at https://mizzenventures.in