Stellant Securities (India) Limited has issued a corrigendum to the notice of Extraordinary General Meeting (EGM) originally circulated to shareholders and filed with BSE on 27 July 2026. The EGM is scheduled for Monday, 24 August 2026 at 09:00 AM at the company's registered office in Mumbai.

Key Modifications to EGM Notice:

1. Revised Fund Utilization Objectives:

The explanatory statement for the preferential issue has been modified to specify:

  • 98% of proceeds will be utilized for investment in equity shares/warrants/securities of listed companies through preferential issues, rights issues, and private placements
  • 2% of proceeds will be utilized for hiring human resources to provide market research, technical analysis, and advisory services
  • The utilization timeline for both objectives is 6 months
  • The company confirmed that these activities are within the Main Object Clause of its Memorandum of Association
  • Fund deployment estimates may change by +/- 10% depending on financial, market, sectorial conditions, business performance, competition, and other external factors

2. Reduction in Issue Size Due to Ineligible Allottees:

  • Mr. Navam Kothari and Mr. Akash Pawankumar Jain have become ineligible to participate in the preferential issue due to sale of shares, making them non-compliant with Regulation 159(1) of SEBI (ICDR) Regulations, 2018
  • Consequently, their names have been removed from the list of proposed allottees in Resolution No. 3 and the explanatory statement
  • The revised issue size is now 12,89,177 Equity Shares of face value ₹10 each
  • The issue price remains ₹602 per share (including premium of ₹592)
  • Total issue amount aggregates to ₹77,60,84,554 (Seventy-Seven Crores Sixty Lakhs Eighty-Four Thousand Five Hundred Fifty-Four only)

3. Updated Allottee Information:

  • The names of Mr. Navam Kothari and Mr. Akash Pawankumar Jain have been removed from the section 'Identity of proposed allottees' on pages 29-34 of the explanatory statement
  • This includes removal of information about their percentage of post-preferential issue capital, change in control, and current/proposed status as promoters

Additional Information:

The corrigendum was digitally signed by Mangala Rathod, Whole Time Director (DIN: 02170580), on 21 August 2026 at 16:13:15 IST. The document is being published in Active Times (English) and Mumbai Lakshadweep (Marathi) newspapers and will be available on both BSE's website and the company's website at www.stellantsecurities.com.

Shareholders are requested to read the original EGM notice dated 24 July 2026 in conjunction with this corrigendum. All other contents of the EGM notice remain unchanged except for the modifications specified in this corrigendum.