Stellant Securities (India) Ltd — Important, 13-01-2026: Company Update
Stellant Securities has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, revising details about the 'Objects of the Preferential Issue'. Two sections outlining these objects in the original notice have been replaced. The updated plans indicate fund utilization for expanding investment and advisory services (ranging from ~Rs 19.20 Cr to ~Rs 59.34 Cr) and for a new gold bullion trading business (ranging from ~Rs 4.80 Cr to ~Rs 14.83 Cr). The total estimated utilization for these objects is now either ~Rs 24.00 Cr or ~Rs 74.17 Cr, as per the corrected sections. Shareholders with objections to the revised preferential issue objects are urged to inform the company within 48 hours. This update outlines a significant shift in fund allocation, impacting the company's growth strategy.
