Bizotic Commercial Revises Preferential Warrant Issue Size

1.33 crore warrants issued at Rs 110 per unit
Rs 146.41 crore total aggregate value

Reader Takeaway: The company adjusted its warrant allotment plan to meet SEBI regulations, providing shareholders a window for re-voting.

What just happened

Bizotic Commercial Limited has published a corrigendum to its Extra-Ordinary General Meeting (EGM) notice originally held on October 23, 2026. Following correspondence with BSE Limited, the company has modified its preferential issue of convertible warrants. The total number of warrants is now 1,33,10,400, a reduction from the previous 1,36,08,000.

Key Revisions

The change stems from the removal of Ms. Meena Vinod Surana from the list of allottees, citing ineligibility under SEBI (Issue of Capital and Disclosure Requirements) Regulations. Furthermore, the allotment to Bizotic Industries Private Limited has been reduced with the entity's consent.

Voting Process

As the EGM has concluded, the company is facilitating an additional voting window for Item No. 2, which pertains to the preferential issue. Shareholders may cast or revise their votes via email from October 31, 2026, to November 2, 2026, ending at 11:59 P.M. IST. Votes on other resolutions remain unchanged.

Implications for Investors

The management has confirmed that this transaction does not trigger a change in control. The warrants are priced at Rs 110 each, with a face value of Rs 10 and a premium of Rs 100. All regulatory lock-in requirements remain applicable to the revised issuance. Investors are advised that the corrigendum is an integral part of the EGM notice and should review the terms before the close of the email voting facility.