AJC Jewel Manufacturers Limited has issued a corrigendum to its notice for the 8th Annual General Meeting. The company is revising the issue price for its proposed preferential issue of equity shares from INR 169.16 to INR 169.85 per share. The aggregate amount for the issue has also been adjusted to INR 9,64,00,000. These changes are in response to clarifications received from BSE Limited.
Corrigendum Issued for AGM Notice
AJC Jewel Manufacturers Limited has announced a corrigendum to the notice for its 8th Annual General Meeting (AGM), scheduled to be held on September 29, 2026. The company is making specific amendments related to the proposed preferential issue of equity shares, as detailed in Item No. 6 of the Special Business.
Revised Preferential Issue Details
The primary adjustments in the corrigendum concern the pricing and aggregate amount of the preferential issue. The special resolution now states that the issue price should be read as INR 169.85 per share (including a premium of INR 159.85 per Equity Share), an increase from the previously stated INR 169.16 per share. Furthermore, the aggregate amount for the preferential issue has been revised to INR 9,64,00,000 (Rupees Nine Crore Sixty Four Lakh Only), a change from the initial INR 9,59,96,946.72.
These modifications are intended to align with applicable laws and follow clarifications/comments received from BSE Limited. The company will dispatch this corrigendum to its shareholders and make it available on its website, as well as on the BSE and CDSL websites.
Minimum Issue Price Calculation
The minimum issue price per Equity Share will be determined by the higher of the prices calculated through specified methods. This includes:
- A price of INR 169.70, computed as per Regulation 164 of the SEBI ICDR Regulations, considering both 90-day and 10-day volume-weighted average prices.
- A price determined by the company’s Articles of Association (which are silent on this matter).
- The value of Equity Shares arrived at INR 169.85, based on a valuation report issued by Alphavalue Consulting Valuation LLP.
Consequently, the Board of the Company has decided to issue Equity Shares at INR 169.85 each for the preferential issue.
Source: BSE
