AJC Jewel Manufacturers Ltd has issued a corrigendum to its upcoming 8th AGM notice, adjusting the terms of its proposed preferential issue. Following feedback from BSE, the issue price per share has been revised to Rs 169.85 from Rs 169.16. The total aggregate issue amount now stands at Rs 9.64 crore. Shareholders should note this update for the voting process scheduled for September 29, 2026, as the company aligns its valuation with SEBI ICDR regulations.
AJC Jewel Manufacturers Ltd Revises Preferential Issue Terms
Issue price per share revised to Rs 169.85; aggregate issue amount updated to Rs 9.64 crore.
Reader Takeaway: Regulatory compliance update improves price clarity for shareholders, though overall preferential share dilution remains largely unchanged.
What just happened
AJC Jewel Manufacturers Ltd has released a corrigendum regarding its 8th Annual General Meeting (AGM) notice, originally set for September 29, 2026. The update specifically targets Item No. 6 of the Special Business, which involves a proposed preferential issue of equity shares. This follows technical feedback and clarifications sought by BSE Limited on September 8, 2026, necessitating a recalibration of financial terms.
Why this matters
For retail investors, price accuracy in preferential allotments is critical as it dictates the dilution impact and the valuation benchmark for the company. The company has raised the issue price from Rs 169.16 to Rs 169.85 per share. Consequently, the aggregate issue size has been adjusted to Rs 9.64 crore. This adjustment ensures that the issuance remains strictly compliant with the SEBI (Issue of Capital and Disclosure Requirements) Regulations.
Pricing Basis
Management confirmed that the revised price adheres to Regulation 164 of the SEBI ICDR guidelines. The valuation relies on the higher of the 90-day volume-weighted average price (Rs 124.26) and the 10-day volume-weighted average price (Rs 169.70). The final figure of Rs 169.85 was supported by a valuation report prepared by Alphavalue Consulting Valuation LLP, a registered valuer.
What changes now
All other resolutions and explanatory statements provided in the original AGM notice remain intact. Shareholders planning to cast their vote on Item No. 6 should ensure they are referring to these updated figures to maintain accuracy during the voting process.
What to track next
The voting results of the 8th AGM on September 29, 2026, will be the next major milestone. Investors should monitor the subsequent allotment process and regulatory filings to confirm the successful conclusion of this preferential issue.