D.P. Abhushan Updates Preferential Allottee List

Total shares to be issued remain 8,66,434; total consideration remains unchanged.
Reader Takeaway: Procedural change replaces two allottees with five others; total capital raised remains consistent with original plans.

What just happened

D.P. Abhushan Ltd has announced a substitution of proposed allottees for its previously approved preferential share issue. The board, in a meeting on October 23, 2026, approved removing two entities—Vedcroft Ventures Pvt Ltd and Deepak Gadia—from the list of allottees. In their place, five individuals, including Samiksha Mogra and Devendra Sharma, have been added to the allotment list. This change accounts for 11,195 equity shares with a total consideration of Rs 1.60 crore.

Why this matters

For investors, this filing confirms that the core capital-raising strategy remains intact. The company emphasizes that there is no net change in the total number of equity shares being issued or the total consideration involved in the preferential issue. It is a strictly administrative adjustment that necessitates a corrigendum to the previously issued notice for the upcoming Extra-Ordinary General Meeting (EoGM).

Corrigendum to EoGM

The company is updating its EoGM notice, which was originally circulated on October 6, 2026. The meeting is still set to take place on Thursday, October 29, 2026. Shareholders voting on the preferential issue should be aware that the resolution under Item No. 1 now reflects this updated list of allottees. Furthermore, the company clarified a minor disclosure update regarding the post-issue shareholding percentage of shareholder Smruti Pratik Khara, following her additional acquisition of 359 shares on October 1, 2026.

What to track next

Shareholders should prepare for the EoGM on October 29, 2026. As all other terms and conditions of the preferential issue remain unchanged, the focus remains on the approval of the broader capital-raising plan as originally proposed.