Shree Karni Fabcom Limited — Important, 17-03-2025: Updates

Shree Karni Fabcom Limited has clarified discrepancies related to the Notice of the Extra-Ordinary General Meeting (EOGM) held on February 12, 2025. The EOGM Notice, sent on January 21, 2025, is now to be read alongside this disclosure. Key points include that the issue price for the company's preferred shares was set at ₹765, exceeding the determined price under applicable SEBI regulations. The company also confirmed that it did not opt for optional pricing and that none of the allottees will be allotted a significant stake (5% or more) in the post-issue capital. Additionally, to enhance corporate governance, an independent valuation report has been obtained. This move underlines the company's commitment to transparency and proper valuation practices, which could positively influence investor confidence.