CLN Energy Ltd — Others, 29-05-2025: AGM/EGM

CLN Energy Limited has announced a corrigendum to its Postal Ballot notice clarifying the purpose of a preferential issue. The company plans to raise a minimum of ₹10 crore through its promoter, CLN Energy Pte. Limited, qualifying as Foreign Direct Investment (FDI). This is to meet eligibility criteria for bidding on leasehold land from the Government of Uttar Pradesh, intended for a new manufacturing facility. If the land is not allotted, the funds will be used for capital expenditure like machinery purchase, reduction of debt, or both, aligning with the company’s strategic goals. Shareholders can vote on the revised item accordingly.