Silgo Retail Limited — Others, 11-08-2025: Corrigendum

Silgo Retail has issued an update to its upcoming Annual General Meeting notice, clarifying details on its fund-raising plans. The company proposes to raise ₹113.88 crore through a preferential issue of equity shares and convertible warrants at ₹56.25 per share/warrant. These funds are earmarked for investing ₹78.44 crore in solar and renewable energy, ₹15.44 crore for working capital in its gems and jewellery business, and ₹20.00 crore for general corporate purposes. The company also plans to increase its authorized share capital and formally expand its main business to include renewable energy. This strategic move could unlock new revenue streams, strengthening its growth outlook. A monitoring agency will oversee fund utilization.