Shamrock Industrial Company Ltd — Updates, 23-06-2025: Company Update

Shamrock Industrial Company Limited has announced a corrigendum to its Postal Ballot Notice clarifying key points related to its proposed preferential allotment of equity shares, convertible warrants, and optionally convertible debentures. The corrigendum confirms that the proposed new investors, Matador Technologies Inc. and Mr. Bal Kishan Gupta, will remain non-promoters post-allotment, and that the current promoters intend to relinquish management control in favor of the new acquirers. The independent directors have reviewed and deemed the issue price of Rs.16.40 per equity share and OCD fair and reasonable, including a control premium. Shareholders can revise their votes in light of these clarifications before the e-voting period ends.