Silgo Retail Limited — Others, 19-08-2025: Corrigendum

Silgo Retail has issued a corrigendum to its AGM notice, clarifying the use of funds from its upcoming preferential issue following NSE queries. The company plans to raise over 113.88 Cr, allocating 78.44 Cr to a new solar and renewable energy venture and 15.44 Cr for its gems and jewellery working capital. Notably, rules for re-allocating funds between specific objects are now stricter, preventing surplus from being fully diverted to General Corporate Purposes, which has a 20 Cr allocation. This capital infusion and strategic diversification into clean energy are key for the company's future trajectory. The authorized share capital will also be increased to accommodate these plans.