Corrigendum to EGM notice: clarifications on proposed preferential issue of equity shares and warrants

Corrigendum to the notice of the Extraordinary General Meeting, issued to add clarifications on the proposed preferential issue of equity shares and warrants, as advised by NSE.

Mon 12 Oct 2026

EGM Date

Monday, October 19, 2026 at 01:00 PM through video conferencing / other audio-visual means

Explanatory Statement Points Substituted

Point 10, Point 12 and Point 29

Promoter Allottee Warrant Subscription

Two promoter allottees intend to subscribe, for 22,22,223 warrants and 1,85,000 warrants

What this update is

Manba Finance Limited has issued a corrigendum (a correction or addition) to the notice of its Extraordinary General Meeting. The EGM is scheduled for Monday, October 19, 2026 at 01:00 PM through video conferencing or other audio-visual means. The corrigendum is being issued to incorporate clarifications on the proposed preferential issue, as advised by the National Stock Exchange of India, and forms an integral part of the EGM notice.

What changed

The corrigendum substitutes three disclosures in the explanatory statement to the EGM notice:

• Point 10 – identity of the natural persons who are the ultimate beneficial owners of the shares proposed to be allotted and/or persons acting in concert
• Point 12 – intention of promoters, directors and key managerial personnel to subscribe to the offer, and contribution by promoters or directors either as part of the preferential allotment or separately in furtherance of the objects
• Point 29 – certificate of practising company secretary

Who is proposed to be allotted, and who ultimately controls them The revised Point 10 table lists 16 proposed allottees. The larger ones, with their pre-issue holding and the proposed allotment, are:

• Manba Investments and Securities Private Limited: 1,39,06,038 shares (27.68% of pre-issue capital); 22,22,223 shares proposed to be allotted, equal to 27.98% of post-issue share capital. Ultimate beneficial owners: Manish Kiritkumar Shah and Nikita Manish Shah
• Manish Kiritkumar Shah: 65,59,848 shares (13.06% of pre-issue capital); 1,85,000 shares proposed, 11.70% of post-issue share capital
• Zenila Ventures LLP: 14,81,482 shares proposed, 2.57% of post-issue share capital; ultimate beneficiaries Ritesh Deepak Mehta, Rajgopal Narasimhan, Pankaj Ramanbhai Patel and Sharvil Pankajbhai Patel
• LYSA Trading LLP: 7,40,741 shares proposed, 1.28% of post-issue share capital; ultimate beneficiary Luv Amit Patel
• Limona Ventures LLP: 7,40,741 shares proposed, 1.28% of post-issue share capital; ultimate beneficiaries Rajnikanth Mansukhlal Lakhani and B R Lakhani
• Hem Securities Limited: 3,70,371 shares proposed, 0.64% of post-issue share capital; ultimate beneficiary Hem Chand Jain
• Sanjay Popatlal Jain: 3,70,371 shares proposed, 0.64% of post-issue share capital
• Chetan Kheraj Dedhia: 2,22,226 shares proposed, 0.39% of post-issue share capital
• Preeti Chetan Dedhia: 1,85,186 shares proposed, 0.32% of post-issue share capital
• Vaibhav Satish Shah (HUF): pre-issue holding 60,000 shares (0.12%); 1,85,186 shares proposed, 0.43% of post-issue share capital
• Ami Manish Modi: 1,85,186 shares proposed, 0.32% of post-issue share capital
• Manish Mahendra Modi: 1,85,186 shares proposed, 0.32% of post-issue share capital
• Nexus Equity Growth Fund SCH-1: 1,48,149 shares proposed, 0.26% of post-issue share capital; ultimate beneficiary Malay Rohitkumar Bhow
• Trans Globe Edu Private Limited: 74,075 shares proposed, 0.13% of post-issue share capital; ultimate beneficiary Vijay Bharatkumar Mehta
• AMS India Opportunities, LP: 74,075 shares proposed, 0.13% of post-issue share capital; ultimate beneficiary Vishal Bhutani
• Mithali Dharmesh Badani: 37,038 shares proposed, 0.06% of post-issue share capital

Promoters' intention to subscribe

Of the nine promoter and promoter group members listed, two intend to subscribe

• Manba Investments and Securities Private Limited – Yes – 22,22,223 Warrants
• Mr. Manish Kiritkumar Shah – Yes – 1,85,000 Warrants

The other promoter group members — Ms. Nikita Manish Shah, Manba Infotech LLP, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Mr. Monil Manish Shah, Ms. Mansi Hardik Shah and Manish Kirit Shah HUF — have confirmed they do not intend to subscribe and show "Nil" securities proposed to be subscribed. The Directors, Key Managerial Personnel and Senior Management other than the proposed promoter allottees have also confirmed that they do not intend to subscribe. The company states it has obtained confirmations from all of its Promoters, Promoter Group members, Directors, Key Managerial Personnel and Senior Management regarding their intention to subscribe to the proposed preferential issue.

Practising company secretary certificate

Point 29 now records that the company has obtained the certificate from M/s. Ronak Jhuthawat & Co., Practising Company Secretaries [FCS 9738 | CP 12094], certifying that the preferential issue is being made in accordance with the requirements of Chapter V of the SEBI ICDR Regulations. A copy of the certificate has been posted on the company's website.

What this means in simple terms

A preferential issue means equity shares or warrants are allotted to a chosen set of investors rather than to all shareholders. Because the EGM notice is being amended, shareholders voting at the EGM will be reading the substituted disclosures on who is proposed to be allotted the securities, who finally controls those allottees, and which promoter entities intend to put in money. The corrigendum states that, save and except as expressly modified, all other contents of the EGM notice remain unchanged and continue to be valid and effective, and that it should be read together with the EGM notice.

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