Key Events and Rationale

The corrigendum is issued to incorporate additional disclosures and clarifications required by observations received from the National Stock Exchange of India Limited (NSE) in relation to the company's application for "in-principle approval" for a proposed preferential issue of shares. This is the second such corrigendum, following one issued on October 09, 2026.

Specific Modification to EGM Notice

The corrigendum inserts a new sub-paragraph (v) under Item No. 1, Explanatory Statement, paragraph (d) regarding pricing.

  • It clarifies the pricing mechanism as per Article 17(a)(iii) of the company's Articles of Association, which requires the price of shares issued on a preferential basis to be determined by a valuation report from a registered valuer.
  • It confirms that the proviso to Regulation 164(1) of the SEBI (ICDR) Regulations mandates using the higher price if the Articles of Association specify a method that results in a floor price higher than the SEBI-determined price.
  • The floor price determined under SEBI ICDR Regulations is ₹1,456.40 per equity share.
  • CA Aman Bansal (IBBI Registration No. IBBI/RV/06/2025/15829), an independent registered valuer, determined the value of the equity shares at ₹1,456.40 per share in his valuation report dated September 23, 2026.
  • As the valuer-determined price did not exceed the SEBI-determined price, the floor price remains ₹1,456.40 per share.
  • The final Issue Price for the preferential issue is set at ₹1,460.00 per equity share, which is above the floor price.

Status of EGM and Voting

The EGM remains scheduled for Monday, October 19, 2026, at 04:00 PM IST via Video Conferencing/Other Audio Visual Means. All terms and contents of the original EGM notice, except for this specific modification, remain unchanged. Votes already cast through remote e-voting remain valid and do not need to be recast.

Availability of Documents

The full corrigendum and the valuation report are available on the company's website at https://qualitypower.com/wp-content/uploads/2026/10/Corrigendum-to-EOGM-Notice-dated-15.10.2026.pdf and https://qualitypower.com/wpcontent/uploads/2026/09/SignedReportQuality_Power.pdf respectively. The documents are also available on the websites of BSE Limited (www.bseindia.com), NSE (www.nseindia.com), and the registrar MUFG Intime India Private Limited (https://instavote.linkintime.co.in).