Company corrects EGM notice wording: shares are "frequently traded", not "infrequently traded"
The company says its EGM Notice dated May 28, 2026 and the corrigendum dated June 15, 2026 wrongly described its shares as "infrequently traded".
By ScoutQuest · · 1 min read
- EGM Notice Date
- May 28, 2026
- Corrigendum Date
- June 15, 2026
- Valuation Report Classification
- "frequently traded"
What the company said
The company has clarified that an inadvertent typographical error appeared in two documents — the Notice dated May 28, 2026 convening its 1st Extra-Ordinary General Meeting, and the corrigendum dated June 15, 2026 issued to that Notice. In both, the shares of the company were referred to as "infrequently traded" instead of "frequently traded".
The meeting itself was convened for the Financial Year 2026–27, scheduled for Saturday, June 27, 2026, at 02:30 P.M., to be held through Video Conferencing / Other Audio-Visual Means (VC/OAVM).
What the correction says
- The company states the Valuation Report obtained by it correctly classifies the shares as "frequently traded".
- It states that the reference to "infrequently traded" in both the original Notice and the corrigendum shall be read and construed as "frequently traded", in line with the Valuation Report.
- The company has placed this clarification on record so that members, investors and other stakeholders read the Notice and corrigendum with the corrected classification.
Why the company issued this
The update states the clarification is being issued in the interest of transparency and to avoid any ambiguity among members, investors and other stakeholders. The company has requested all concerned to take note of the correct classification while reading the original Notice and the corrigendum.
What a reader should take away
This is a correction of wording, not a change in the agenda of the meeting. The company is saying the two terms are not interchangeable and that the correct description of its shares, as per its Valuation Report, is "frequently traded".
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