Bannari Amman Spinning Mills Limited — Others, 18-07-2025: Shareholders meeting

Bannari Amman Spinning Mills has issued a corrigendum to its postal ballot notice for a proposed preferential issue of share warrants. This update clarifies the intended use of unutilized issue proceeds, which will be invested in bank deposits, debt instruments, or government securities if not used within 60 days. The revised shareholding structure shows that post-conversion of 41.67 lakh warrants, promoter holding will increase to 53.21% from 49.55%, while public holding will adjust to 46.79% from 50.45%. This reflects a significant shift in ownership balance, important for shareholders to note.