Corrigendum to 16 Oct 2026 board outcome: corrected fund use table and authorised share capital figure
Corrigendum to the 16 Oct 2026 board meeting outcome.
By ScoutQuest · · 2 min read
- Corrected fund utilisation total
- Rs. 312.15 Cr across four heads
- Authorised share capital (corrected)
- ₹57 crore (Fifty Seven Crore) from ₹60 crore (Sixty Crore)
- Digital lending platform acquisition (upto)
- Rs. 125.00 Cr
When a company needs to correct something it has already told the stock exchange, it files a corrigendum such as this one. This corrigendum relates to the outcome of the board meeting held on 16 October 2026, and it changes two sets of figures in that disclosure.
What the company corrected
- Fund utilisation table: the corrected amounts are up to Rs. 125.00 Cr for acquisition of a company having a digital lending platform, up to Rs. 75.00Cr for acquisition of a company having a gold loan business, up to Rs. 65.00 Cr for onward lending purposes - MSME loans, and up to Rs. 47.15 Cr for general corporate purposes. The corrected total is Rs. 312.15 Cr.
- Authorised share capital: the amount of authorised share capital proposed to be increased was shown in Annexure I as Rs. 60 crore, and it is now to be read as ₹57 crore (Fifty Seven Crore).
What this means in simple terms
- The company states that some clerical errors had crept into the earlier disclosure of the board meeting outcome, and the figures above are the corrected ones. The corrigendum asks the exchange to take the corrections on record and is to be read together with the outcome of the board meeting dated 16 October 2026.
- The company says all other particulars, terms and disclosures in that outcome remain unchanged.
- An increase in authorised share capital raises the ceiling up to which a company can issue shares. By itself, it is not the same as issuing shares.
Points to keep in mind
- The amounts in the fund utilisation table are stated as "Upto" the figures shown, and the accompanying timelines are described as tentative in that table.
- The total of the four heads, Rs. 312.15 Cr, matches the sum of the corrected individual amounts.
What a reader can watch for
- Any further announcement on how these amounts are actually used, since the table describes proposed utilisation of funds.
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More numbers
- Digital lending platform acquisition - tentative amountUpto Rs. 125.00 Cr
- Gold loan business acquisition - tentative amountUpto Rs. 75.00Cr
- Onward lending purposes - MSME loans, tentative amountUpto Rs. 65.00 Cr
- General corporate purposes - tentative amountUpto Rs. 47.15 Cr
- Total fund utilisationRs. 312.15 Cr
- Authorised share capital increase - corrected figureRs 57,00,00,000/-
- Authorised share capital figure earlier stated in Annexure IRs. 60,00,00,000/-
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