Manaksia Coated Metals & Industries Limited — Others, 16-12-2024: Corrigendum

Manaksia Coated Metals & Industries Limited has issued a corrigendum to the notice for the Extra-Ordinary General Meeting (EGM) to be held on December 26, 2024. The changes address alterations in the explanatory statement regarding the issuance of up to 20.7 million fully convertible warrants to promoters and public category individuals. Key modifications include the revised utilization of gross proceeds, estimated at ₹134.55 crores, primarily for loan repayments and working capital. This update may strengthen investor confidence through clarified intent regarding fund allocation, though potential dilution of shareholding could be a concern for some shareholders.