Shera Energy Limited — Important, 18-02-2025: General Updates

The company clarified discrepancies in the Extra Ordinary General Meeting (EGM) notice related to the approval for issuing equity shares on a preferential basis. An error was identified in the mention of an allottee’s name which should be Purushottam Dass Karnani HUF, not Purushottam Dass Karnani. Additionally, the lock-in period statement was rectified to align with SEBI regulations, indicating that the allotted shares will have specific lock-in requirements, while the pre-preferential allotment shareholding will be locked in for 90 trading days post-approval. Furthermore, Holani Venture Capital Fund-I was declared ineligible for allotment, and their applied shares will not be reallocated. This clarification aims to ensure transparency and accurate information for stakeholders.