Tunwal E-Motors Limited — Others, 11-03-2025: Corrigendum

Tunwal E-Motors has announced a board meeting regarding a corrigendum to the previously issued Postal Ballot Notice. This update reflects a revision in the issue price for a preferential allotment to Managing Director Jhumarmal Pannaram Tunwal, from ₹45 to ₹46 per equity share, resulting in a reduced total allotment of 23,91,304 equity shares. This amendment significantly alters the terms of the preferential allotment, which is related to an outstanding unsecured loan. Investors might view this as a positive outlook, considering the adjustment signals proactive governance in response to changing financial conditions.