RACL Geartech Limited — Others, 02-05-2025: Corrigendum

RACL Geartech Limited has announced a corrigendum to its EGM notice on a proposed preferential equity share issue, clarifying the floor price at Rs. 794.5 per share for QIBs and Rs. 796.38 per share for non-QIBs. These prices are based on NSE volume-weighted averages, significantly above an independent valuation of Rs. 541.45, reflecting a premium aligned with market standards and governance. This clarification enhances pricing transparency and is key for shareholder approval.