Nandani Creation Limited — Others, 27-02-2025: Corrigendum

Nandani Creation Limited has announced a board meeting on March 5, 2025, to discuss a corrigendum regarding its Extra Ordinary General Meeting (EGM) scheduled for the same date. The corrigendum details necessary adjustments for the preferential allotment of 2,605,000 equity shares and 6,895,000 convertible warrants due to disqualification of certain allottees. The total funds to be raised amount to ₹41.8 crore.

This preferential issue aims to enhance working capital and fund business expansion, with significant implications for shareholder interests and company capital structure. The shareholding distribution post-issue shows shifts but no control changes among promoters, potentially fostering a positive outlook among investors as the capital position strengthens.