Skipper Limited has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice, originally sent on June 4, 2026. This corrigendum, dated June 12, 2026, amends the Explanatory Statement concerning the basis for arriving at the price for equity share issuance. The updated statement provides specific VWAP calculations, citing Rs. 469.81 as the minimum issuance price.
Skipper Limited Issues EGM Notice Corrigendum
Skipper Limited has announced a corrigendum to its earlier dispatched Notice of Extra Ordinary General Meeting (EGM). The EGM is scheduled to be held on Friday, June 26, 2026, at 11:30 a.m. IST, via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Key Changes in Explanatory Statement
This corrigendum specifically addresses revisions within the Explanatory Statement that accompanied the original EGM notice. The update focuses on clarifying the basis for the price at which equity shares are to be issued. According to the revised statement, the minimum price for the issuance of Equity Shares has been determined in accordance with Regulation 164 of the ICDR Regulations.
Pricing Basis Detailed
The updated information provides a detailed calculation for the equity share issuance price, which has been set at Rs. 469.81 (Rupees Four Hundred Sixty Nine and Paisa Eighty One Only). This price is the higher of the following:
- The 90-day volume weighted average price (VWAP) of the Company’s Equity Shares on the National Stock Exchange of India Limited, preceding Wednesday, May 27, 2026, which was Rs. 422.26.
- The 10-day volume weighted average price (VWAP) of the Company’s Equity Shares on the National Stock Exchange of India Limited, preceding Wednesday, May 27, 2026, which was Rs. 469.81.
Further Information
This corrigendum is to be read in conjunction with the original EGM Notice. All other aspects of the notice and the Explanatory Statement remain unchanged. The corrigendum is also available on the company’s website at www.skipperlimited.com.
Source: BSE
