Optiemus Infracom Limited — Others, 26-12-2024: Corrigendum

Optiemus Infracom Limited has issued a corrigendum regarding the Explanatory Statement for items in the Extra-Ordinary General Meeting (EGM) scheduled for January 4, 2025. The corrigendum outlines uses for proceeds from a preferential issue, including equity participation in subsidiaries such as Optiemus Electronics Limited and GDN Enterprises Private Limited, capital expenditure, working capital needs, and general corporate purposes. The overall estimated allocation for these initiatives totals approximately ₹434.41 crore, with timelines for utilization extending to March 31, 2027. This announcement may bolster investor confidence, indicating proactive management and strategic growth initiatives.