Paisalo Digital Limited — Others, 18-01-2025: Shareholders meeting

Paisalo Digital Limited has issued a corrigendum regarding its Extra-Ordinary General Meeting (EGM) set for January 22, 2025. Key changes include a revised issue size for convertible equity warrants, now set at 3.38 crore (cr) warrants, priced at INR 58.20 each, totaling approximately INR 196.64 crore (cr). The list of proposed allottees has been updated, with specific names removed due to disqualification. This move aims to strengthen the company’s capital base for its lending operations, potentially boosting investor confidence with the adjusted offer structure. However, the removal of certain allottees may raise questions about governance and strategic alignments.