Sumedha Fiscal Services Ltd. issued a corrigendum to its Notice of Extra-Ordinary General Meeting (EGM) dated May 15, 2026. This corrigendum was necessitated following a communication from BSE Ltd. dated May 26, 2026, which requested certain clarifications and additional information regarding the proposed preferential issue outlined in Item Nos. 1 and 2 of the EGM notice. The EGM is scheduled to be held on Thursday, June 11, 2026, at 11:30 A.M. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

The corrigendum provides detailed amendments and clarifications to the explanatory statement of the EGM notice. The key amendments are as follows:

1. Utilization of Proceeds

A new clause (c) has been added to Point No. 2 of the Explanatory Statement for both Item Nos. 1 and 2, detailing the utilization of proceeds from the preferential issue:

  • Object (a): Augmentation of Capital Base - An estimated amount of ₹2,00,11,875 will be utilized to strengthen the capital structure and net worth for supporting existing and future business operations and maintaining adequate working capital liquidity. Tentative timeline for utilization is within 6 months from receipt of funds.
  • Object (b): General Corporate Purposes - An estimated amount of ₹66,70,625 will be utilized for administrative expenses, business development, branding, operational exigencies, and other permitted corporate activities. This amount does not exceed 25% of the total issue proceeds.
  • Total Estimated Amount: ₹2,66,82,500 (considering 100% subscription and 100% warrant conversion).
  • The entire issue proceeds are expected to be received within 18 months from the date of allotment of warrants, with full utilization targeted within 6 months of receiving all funds. The company notes that amounts specified for objects may deviate by +/-10% as per BSE Circular No. 20221213-47 dated December 13, 2022.

2. Post-Issue Shareholding Pattern (Item 1)

Point 19 of the Explanatory Statement for Item 1 has been amended to show the post-preferential issue shareholding:

  • Oasis Securities Ltd. (Non-Promoter, PAN: AAACO0091J): Will receive 300,000 equity shares (0 warrants), increasing holding from 0% to 3.47% post-issue.
  • Mrs. Savita Maheshwari (Promoter Group, PAN: AFAPM3020R): Will receive 100,000 equity shares and 250,000 warrants, increasing holding from 1.34% (106,933 shares) to 5.29% (456,933 shares) post full warrant conversion.
  • Pre-issue shareholding is as of May 12, 2026 (Relevant Date).
  • There will be no change in control, and the category of both allottees will remain unchanged post-issue.

3. Post-Issue Shareholding Pattern (Item 2)

Point 20 of the Explanatory Statement for Item 2 has been amended to show the post-preferential issue shareholding for Mrs. Savita Maheshwari only, with identical details as above.

4. Basis of Issue Price (Item 1)

Point 4 of the Explanatory Statement for Item 1 has been amended with detailed pricing calculation:

  • The floor price was determined as per SEBI (ICDR) Regulations Regulation 164(1) and Regulation 166A.
  • Option A (Regulation 164(1)): Higher of:
  • 90-day VWAP: ₹37.29
  • 10-day VWAP: ₹41.01
  • Option B (Regulation 166A): Fair value determined by independent registered valuer CA Ambika Singh (IBBI Regn. No. IBBI/RV/06/2019/12358): ₹41.01 per share (valuation report dated June 01, 2026).
  • Floor Price: ₹41.01 (higher of above options).
  • Final Issue Price: ₹41.05 per equity share (including premium of ₹31.05), which is higher than the floor price.
  • No adjustments were required as there were no corporate actions in the past year.

5. Basis of Issue Price (Item 2)

Point 4 of the Explanatory Statement for Item 2 has been similarly amended for warrants, with identical pricing calculations and the same final issue price of ₹41.05 per warrant (including premium of ₹31.05).

The corrigendum was sent to members via email on June 02, 2026, and is available on the company's website (www.sumedhafiscal.com), BSE website (www.bseindia.com), and CDSL website (www.evotingindia.com). All other contents of the EGM notice remain unchanged except for the specified amendments.