Corrigendum to EGM Notice: Preferential Issue Over INR 100 crore; Crisil Named Monitoring Agency
Corrigendum issued for the EGM notice; EGM scheduled Friday, October 23, 2026 at 11:30 A.M. via video conferencing.
By ScoutQuest · · 2 min read
- EGM Date
- Friday, October 23, 2026 at 11:30 A.M. via video conferencing
- Issue Size
- exceeds INR 100 crore (Indian Rupees One Hundred Crore)
- Monitoring Agency
- Crisil Ratings Limited
Corrigendum to the Extraordinary General Meeting notice
The company has issued a corrigendum, which is an addition to the notice of its Extraordinary General Meeting (EGM). The EGM is scheduled for Friday, October 23, 2026 at 11:30 A.M. through Video Conferencing / Other Audio Visual Means, to transact the business listed in the EGM notice. The corrigendum inserts one new paragraph into the explanatory statement to Item No. 1 and is to be read together with the EGM notice. All other contents of the notice remain unchanged.
What Item No. 1 is about
- Item No. 1 of the EGM notice seeks the approval of the shareholders for a proposed preferential issue of equity shares.
- The company had shared an application with BSE Limited seeking in-principle approval in relation to this proposed preferential issue.
- BSE Limited then directed the company to issue a corrigendum to the notice giving additional disclosures on appointment of a Monitoring Agency.
The added disclosure
- The issue size exceeds INR 100 crore (Indian Rupees One Hundred Crore).
- Because of this, the company is required, in terms of Regulation 162A of the SEBI ICDR Regulations, to appoint a SEBI registered credit rating agency as the monitoring agency to monitor the use of the proceeds of the preferential issue.
- The company has appointed Crisil Ratings Limited, a SEBI registered credit rating agency, as the Monitoring Agency.
What this means in simple terms
- A preferential issue means shares are offered to selected investors rather than to the general public. Shareholders are being asked to approve it at the EGM.
- A monitoring agency keeps an independent watch on how the money raised through the issue is actually used, and it is required when the issue size crosses the INR 100 crore threshold.
- The EGM is scheduled for October 23, 2026; approval of the shareholders is being sought at that meeting, and the corrigendum does not change the other contents of the EGM notice.
Also from Bharat Parenterals
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24 Oct 2026
Bharat Parenterals schedules Q2 & H1FY27 earnings conference call for October 30, 2026
24 Oct 2026
Board meeting on October 29 to consider and approve September quarter and half year results
24 Oct 2026
More numbers
- Issue size of proposed preferential issueINR 100,00,00,000/-
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