Date: October 15, 2026
Board Meeting Outcomes
The Fund-Raising Committee of SRM Contractors Limited met on October 15, 2026 and noted changes to the Explanatory Statement of the AGM Notice dated September 07, 2026 regarding a preferential issue.
Fundraising / Strategic Actions
The Committee updated two specific sections of the Explanatory Statement for Item No. 7 (preferential issue):
a. Promoter Subscription Intent:
- Point No. IV under Item No. 7 was substituted to specify that promoters Sanjay Mehta and Puneet Pal Singh intend to subscribe to the warrant issue
- Sanjay Mehta (Promoter category) will subscribe to up to 9,67,118 warrants
- Puneet Pal Singh (Promoter category) will subscribe to up to 9,67,118 warrants
- Total promoter subscription: 19,34,236 warrants
b. Revised Valuation Report:
- The Committee took on record a revised valuation report dated September 05, 2026 from M/s. Corporate Professionals Valuation Services Private Limited (Registration No.: IBBI/RV/-E/02/2019/106)
- The revised report was issued pursuant to instructions from the National Stock Exchange of India Limited (NSE)
- The issue price for the preferential issue remains unchanged in the revised valuation report
- The revised valuation report is available on the company's website at srmcpl.com/valuation-report/
All other particulars and details contained in the original AGM Notice and valuation report remain unchanged.
KMP / Board Changes
Not Specified
Dividend Declaration
Not Specified
Financial Results
Not Specified
Other Operational / Legal / Strategic Disclosures
The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.