Corrigendum to EGM notice for 8 October 2026; warrant-issue explanatory statement amended

Resourceful Automobile Ltd has issued a corrigendum to the notice of its Extra Ordinary General Meeting, to be held on Thursday, 8th October, 2026 at 12:00 P.M. (IST) through video conferencing.

Tue 6 Oct 2026

Warrants offered

up to 3,00,000 Convertible Equity Warrants

Issue price

Rs. 51/- each

Aggregate amount

Rs. 1,53,00,000/-

What this update is

Resourceful Automobile Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting dated September 16, 2026. A corrigendum is a correction or addition to a document that has already been sent out. Here it updates parts of the explanatory statement that goes with the EGM notice. The company states that the EGM notice shall always be read together with this corrigendum, and all other contents of the notice dated September 16, 2026 remain unchanged.

What the EGM will consider

Item No. 1 of the notice seeks the approval of shareholders for the proposed issue and allotment of up to 3,00,000 (Three Lakhs) Convertible Equity Warrants at a price of Rs. 51/- each, including premium, aggregating to Rs. 1,53,00,000/- (Rupees One Crore Fifty-Three Lakhs Only), to the Promoter Category. The EGM is scheduled to be held on Thursday, 8th October, 2026 at 12:00 P.M. (IST) through Video Conferencing or other audio-visual means.

What the corrigendum changes

• Sub point no. 5 (Report of Independent Registered Valuer): no Report of the Registered Valuer is required for the offer, issue and allotment of the warrant convertible into fully paid-up Equity Shares under the second proviso to Rule 13(1) of the Companies (Share Capital and Debenture) Rules, 2014, as amended.
• However, in accordance with Regulation 166A of the ICDR Regulations, considering that the allotment shall be more than 5% of the post issue fully diluted share capital, the company has obtained a valuation report dated 8th September, 2026 from Mr. Bhavin R Patel, an Independent Registered Valuer, and the same has been published on the company's website.
• Sub point no. 18 (Practicing Company Secretary Certificate): a certificate from Ms. Mayuri Sinha, Practicing Company Secretary, certifying that the preferential issue of warrants is being made in accordance with the requirements of ICDR Regulations, shall be available for inspection by the members and may also be accessed on the company's website.

How a retail shareholder may read this

The corrigendum is about the supporting paperwork behind the proposed warrant issue, rather than a change in the number of warrants or in the issue price. It records that an independent valuation report and a Practicing Company Secretary certificate have been arranged, and points to where these documents are available for viewing. The proposal to issue and allot the warrants is being placed before shareholders for approval at the EGM, and the notice is now to be read along with this corrigendum.

The corrigendum is signed by Rahul Sawhney, Managing Director, and dated 29.09.2026, with the place stated as Delhi.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.