Almondz Global Securities Ltd. Issues Corrigendum to Extraordinary General Meeting Notice
Almondz Global Securities Limited announced a corrigendum to the notice of its Extraordinary General Meeting (EGM) on March 23, 2026. The EGM is scheduled for Friday, March 27, 2026, at 11:00 A.M. (IST) via video conferencing or other audio visual means.The corrigendum modifies the "Object of the Issue" and "Basis on which the price has been arrived at" sections within the Special Resolution and Explanatory Statement pertaining to Item No. 1 of the EGM Notice dated February 25, 2026.
Utilisation of Issue Proceeds:
The company intends to utilize the proceeds from the preferential issue of convertible warrants for working capital requirements and general corporate purposes.
| Sr. No. | Particulars | Total estimated amount to be utilised* | Tentative timeline for utilisation from the date of receipt of funds |
|---|---|---|---|
| 1 | Working Capital Requirements | Rs. 11,50,00,000 | Within twelve (12) months from the date of receipt of funds, including the application money received at the time of allotment of warrants as well as the balance amount received upon conversion of such warrants |
| 2 | General Corporate Purposes | Balance amount of Rs.1,76,40,000 |
The preferential issue is for convertible warrants, and the company anticipates receiving funds in tranches over 18 months. The company received observations from the National Stock Exchange and has rectified the details accordingly. The amount specified for the aforementioned Objects may deviate +/- 10% depending upon future circumstances.
The price for the warrants was determined at ₹16.58 per Equity Share based on the 90 trading days' Volume Weighted Average Price (VWAP), ₹15.64 based on the 10 trading days' VWAP, and ₹13.84 based on an Independent Registered Valuer’s report. The valuation report is accessible at https://www.almondzglobal.com/pdf/Valuation_Report_preferential_allotment.pdf.
Shareholders can cast their votes electronically from March 24, 2026 (09:00 A.M. IST) to March 26, 2026 (5:00 P.M. IST).
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