Arcee Industries Limited has issued a corrigendum to its Extraordinary General Meeting notice scheduled for February 21, 2026, at 04:00 P.M., making significant revisions to its proposed preferential issue of convertible warrants. The company filed a disclosure under Regulation 30 of SEBI Listing Regulations on March 24, 2026, addressing changes to the allottee list and correcting certain details in the original notice dated January 29, 2026.

Key Changes to Preferential Issue

The most significant change involves the removal of Ms. Usha Garg from the list of proposed allottees due to her ineligibility under applicable SEBI regulatory provisions. Ms. Usha Garg was originally allocated 10,00,000 equity shares in the preferential issue. Following her removal, the revised issue size has been reduced to ₹22,25,25,000, comprising 2,15,00,000 convertible warrants. The company clarified that Ms. Usha Garg's name stands deleted from the list of proposed allottees and shall not be considered for allotment or for any related purposes.

Revised Allottee Structure

The updated allottee list now comprises 30 investors with varying warrant allocations. The largest allocations have been made to five investors, each receiving 20,00,000 warrants representing 7.51% post-issue shareholding:

Several investors have been allocated 10,00,000 warrants each, representing 3.75% post-issue shareholding, including Ajay Kumar Gupta, Ram Babu Gupta, Parmod Kumar Gupta, Vivek Garg HUF, SD Investments, Ram Bilas Mittal, and Radha Mittal.

Shareholding Pattern Corrections

The corrigendum addresses a typographical error in the pre and post shareholding pattern. The post-issue shareholding percentage for promoters (Sub-Total A1) has been corrected to 4.74% instead of the previously mentioned 0.05%. This correction affects the overall shareholding structure post-conversion of warrants:

Individual Investor Allocations

The revised structure includes several smaller allocations ranging from 1,00,000 to 5,00,000 warrants. Notable allocations include Sourabh Gupta, Mukul Gupta, Abhik Gupta, Virender Gupta, and Sneha Chandi with 5,00,000 warrants each, representing 1.88% post-issue shareholding. Multiple individual investors including Geeta Kaira, Devesh Joshi, Heeral R, Urmila Kankaria, Nitin, Narinder Pal Singh Badyal, Mayank, Prabbhat Mishra, and Suman Devi have been allocated 1,00,000 warrants each, representing 0.38% post-issue shareholding.

Compliance and Documentation

The disclosure was made in compliance with Regulation 30 read with Schedule III, Part A, Para A of the SEBI Listing Regulations. The corrigendum forms an integral part of the original EGM notice and must be read in conjunction with it. All other contents of the original notice remain unchanged except for the modifications specified in the corrigendum. The updated documents are available on the company's website at www.arceeindustries.in and on the BSE website at www.bseindia.com .

Arcee Industries Limited announced the appointment of new Statutory Auditors following a Board meeting held on February 27, 2026. The decision addresses a casual vacancy created by the resignation of the company's previous auditing firm.

Board Meeting Outcomes

The Board of Directors convened on Friday, February 27, 2026, from 04:30 P.M. to 05:30 P.M. to deliberate on critical auditing matters. Upon recommendation from the Audit Committee, the Board approved the appointment of M/s. CGH & Associates, Chartered Accountants as the new Statutory Auditors, subject to shareholder approval.

Background of the Appointment

The appointment became necessary following the resignation of M/s. Jain Mittal Chaudhary & Associates, Chartered Accountants (Firm Registration No. 015140N) on January 29, 2026. This resignation created a casual vacancy that required immediate attention to ensure continuity of statutory audit functions.

The appointment complies with Section 139 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of New Auditors

M/s. CGH & Associates brings substantial experience to their new role with Arcee Industries. The firm was established in 2018 and has accumulated more than 5 years of professional experience in the auditing sector.

The firm's expertise encompasses several key areas:

• Audit and Due Diligence services
• Accounting outsourcing solutions
• Direct and Indirect Taxation matters
• Company Law compliance for domestic and foreign entities
• Management Consultancy services
• Fixed Assets Verification
• Information System Audit
• Foreign Exchange Management Act (FEMA) compliance

Regulatory Compliance

The appointment announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to recent SEBI circulars, including SEBI/HO/CFD/PoD2/CIR/P/015 dated November 11, 2024, and SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

The formal documentation was signed by Srishti, Company Secretary & Compliance Officer (Membership No. A57983), ensuring proper authorization and compliance with corporate governance requirements. The new auditors will conduct the statutory audit for the financial year ending March 31, 2026, providing essential oversight for the company's financial reporting processes.