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PRATHAM EPC PROJECTS clarifies details regarding its upcoming preferential share issue.
**The Issue:** Concerns were raised by shareholders regarding the preferential issue. These included questions about the explicit disclosure of a mandatory valuation report for a significant investor, a minor rounding difference in the calculated floor price (₹154.20 vs ₹154.21), and the clarity of the compliance certificate provided by the Practicing Company Secretary.
**Company's Response:**
* The company confirmed that a valuation report was obtained as an investor will hold 5% or more of the post-issue capital, and this disclosure has now been appropriately incorporated.
* It clarified that the small price difference was due to rounding and does not materially impact the proposed issue price of ₹155, which is higher than the calculated floor price.
* The company asserted that the Practicing Company Secretary's certificate already provides adequate confirmation of compliance.
**Possible Impact for Investors:** The company confirms that these clarifications and modifications do not materially affect the issue price, the allotment process, or any other significant information related to the proposed preferential allotment. Investors can expect the preferential issue to proceed without material changes arising from these clarifications.
#PRATHAMEPC #EquityUpdate #PreferentialIssue