Raj Oil Mills Ltd Clarifies Share Allotment Percentage in Postal Ballot Notice
Raj Oil Mills Ltd has issued a clarification regarding an inadvertent error found in the Explanatory Statement of its Postal Ballot Notice dated May 12, 2026. The correction pertains specifically to Item No. 1(e) and Item No. 2(e) of the notice circulated to shareholders.The company clarified that the proposed allotment of shares constitutes less than 5% of the post-issue fully diluted share capital of the company. The reference in the original Postal Ballot Notice stating the allotment was more than 5% was an oversight and should be read as less than 5%.
| Item Reference | Original Statement | Corrected Statement |
|---|---|---|
| Item No. 1(e) & 2(e) | More than 5% | Less than 5% |
The company previously issued a Corrigendum on June 4, 2026, which noted that the Valuation Report was obtained voluntarily and remains available for shareholder review. This latest communication serves as a continuation of the details provided in the May 12, 2026, Postal Ballot Notice and the subsequent June 4, 2026, Corrigendum.
ROML Stock Price Movement
Raj Oil Mills Limited shares rallied to ₹45.99 as of 1:18 PM today, climbing 0.83% in active trading. The stock saw a total volume of 7,523 shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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