Corrigendum to EGM notice: 90-day VWAP corrected to Rs. 1,238.49, share count revised to 10,17,123

Corrigendum to the EGM notice 📝.

Fri 9 Oct 2026

EGM Date

Monday, 19 October 2026 at 04:00 PM via video conferencing

Corrected 90-day VWAP

Rs. 1,238.49 (was Rs. 1,456.40)

Corrected Maximum Equity Shares

10,17,123 (was 10,19,635)

What this update is

The company has issued a corrigendum, which is a correction sheet, to the notice of its Extraordinary General Meeting (EGM). The EGM is scheduled for Monday, 19 October 2026 at 04:00 PM through video conferencing / other audio visual means. The corrigendum follows observations received from the National Stock Exchange of India Limited. The company had shared applications with NSE and BSE for in-principle approval in relation to the proposed preferential issue of shares, for which the approval of the members is being sought. This corrigendum gives the additional details and clarifications asked for, forms an integral part of the notice, and is to be read together with it. All other contents of the notice intimation dated 26 September 2026 remain unchanged.

The corrections made

• Date of the notice: to be read as 26 September 2026, being the date of its dispatch.
• Volume weighted average price of the 90 trading days preceding the relevant date: to be read as Rs. 1,238.49 instead of Rs. 1,456.40.
• Maximum number of Equity Shares in the Explanatory Statement: the reference to 10,19,635 Equity Shares is to be read as 10,17,123 Equity Shares, consistent with the resolution at Item No. 1.

What stays the same

• There is no change in the floor price of Rs. 1,456.40 or the issue price of Rs. 1,460 per Equity Share.

Allotment detail clarified

• The Equity Shares will be allotted to the selling shareholders of Winwin Speciality Insulators Limited against transfer of their shares to the company, in the manner set out in the Share Purchase Agreement dated 23 September 2026.
• The allotment shall be completed within 15 days from the date of passing of the special resolution, or where any regulatory approval is pending, within 15 days from receipt of the last such approval.

What a retail reader can take away

• The EGM is yet to be held, so no resolution has been passed at this stage. This update corrects the notice that has already been sent to shareholders.
• The VWAP figure used in the Explanatory Statement is now lower, while the floor price and the issue price of the proposed preferential issue remain as stated.
• The share count referred to in the Explanatory Statement is now 10,17,123 Equity Shares.

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