The revisions pertain to preferential issue details approved by shareholders, forming part of Resolution No. 2, and the Explanatory Statement under Section 102 of the Companies Act, 2013. The nature of the information is revision in terms of preferential issue due to clerical and arithmetical corrections in number of equity shares and corresponding consideration amount.

Key Revised Details:

  • Total number of equity shares revised from 1,17,44,731 to 1,17,44,722 (a reduction of 9 shares)
  • Total consideration revised from ₹15,26,81,500 to ₹15,26,81,386 (a reduction of ₹114)
  • Consequential changes effected in: Allottee-wise share details, Explanatory Statement, Shareholding pattern, Post-issue shareholding

Impact Assessment:

There is no change in the structure, object, or overall size of the preferential issue, except for the above-mentioned corrections. The revisions are purely clerical/arithmetical in nature. There is no change in control or management of the Company pursuant to the corrections.

Specific Corrections Made:

The Annexure A provides line-by-line corrections made in the EGM Notice:

Page 2, Para 1, Line 10: Number of shares changed from "1,17,44,731 (One Crore Seventeen Lakh Forty Four Thousand Seven Hundred Thirty One)" to "1,17,44,722 (One Crore Seventeen Lakh Forty Four Thousand Seven Hundred Twenty Two)"

Page 2, Para 1, Lines 13-14: Consideration amount changed from "Rs.15,26,81,500 (Rupees Fifteen Crore Twenty Six Lakhs Eighty One Thousand Five Hundred Only)" to "Rs.15,26,81,386 (Rupees Fifteen Crore Twenty Six Lakhs Eighty One Thousand Three Hundred Eighty-Six Only)"

Allottee-specific corrections:

  • Wherrelz Solutions Limited: Shares revised from 38,46,154 to 38,46,153; Consideration revised from ₹5,00,00,000 to ₹4,99,99,989
  • Voltrix INC: Shares revised from 78,98,577 to 78,98,569; Consideration revised from ₹10,26,81,500 to ₹10,26,81,397

Shareholding Pattern Revisions:

Multiple tables and exhibits (Exhibit-1 through Exhibit-4) have been updated to reflect the corrected share numbers and percentages.

The updated EGM Notice has been made available on the website of the Company and the website of BSE Limited.