Variman Global Enterprises Ltd — Others, 30-06-2025: AGM/EGM

Variman Global Enterprises Limited has announced a corrigendum to its Extra Ordinary General Meeting notice concerning a preferential issue of shares. The company plans to issue 37,37,600 equity shares at Rs. 10.50 each, partly to acquire the remaining 16.67% stake in Straton Business Solutions Private Limited, making it a wholly owned subsidiary. Clarifications were made on ultimate beneficial ownership, correcting a minor percentage error. The preferential allotment also includes non-promoter shareholder Narayana Rao Kakarla receiving 5,00,000 shares, increasing his holding to 1%. This move consolidates Variman’s control over Straton, potentially impacting its business integration and growth strategy.