Nihar Info Global Ltd has issued a corrigendum to its AGM notice following BSE observations regarding its proposed preferential issue. The update clarifies the allocation of Rs 1.67 crore towards its e-commerce platform, 'GoldnSilver.shop', and details the issuance structure for 1.17 million shares and 2 million warrants. Shareholders are advised to review these modified clauses before the AGM on September 30, 2026.
Nihar Info Global Issues AGM Corrigendum Following BSE Observations
Nihar Info Global Ltd has released a corrigendum to its 32nd AGM notice to address observations from the BSE dated September 17, 2026. This amendment updates specific clauses under items 9 and 10 of the explanatory statement concerning the company's proposed preferential equity and warrant issue.
Reader Takeaway: The update ensures regulatory compliance for a Rs 1.67 crore capital raise focused on e-commerce expansion.
What Just Happened
The company modified clauses A, G, and T of its explanatory statement. These changes provide greater clarity on the utilization of funds raised through the preferential issue. Furthermore, the company has attached a compliance certificate from Surya Gupta & Associates, affirming the issue aligns with SEBI ICDR Regulations, 2018.
Utilization of Proceeds
Of the Rs 1.67 crore being raised, the firm has earmarked Rs 25 lakh for 'GoldnSilver.shop' expansion, Rs 15 lakh for technology and API integrations, Rs 1.07 crore for working capital, and Rs 15 lakh for marketing. A further Rs 1.50 crore remains available for strategic investments after 18 months.
Preferential Issue Structure
The proposal includes the allotment of 1,170,000 equity shares to 12 public investors and 2,000,000 warrants to four promoter group entities. Investors should note these details prior to the AGM scheduled for September 30, 2026.
Governance and Compliance
By incorporating the compliance certificate from the Practising Company Secretaries, Nihar Info Global aims to satisfy exchange queries. The full documentation is now available for inspection at the registered office and on the company website.