Commercial Syn Bags Limited — Others, 03-01-2025: Corrigendum

Commercial Syn Bags Limited has issued a corrigendum related to the notice for the Extraordinary General Meeting (EGM) scheduled for 10 January, 2025. The corrigendum, prompted by communication from the National Stock Exchange, addresses the explanatory statement for Item No. 2, which pertains to the issuance of up to 20,00,000 convertible warrants at a price of Rs. 72 each, convertible into equity shares at a premium of Rs. 62. The total amount intended to be raised through this initiative is Rs. 14.4 crore. This development may enhance investor confidence given the potential for capital infusion, while careful attention is advised regarding the exact terms of the issuance.