Beezaasan Explotech has issued a second corrigendum to its Extraordinary General Meeting notice, proposing a preferential issue of up to 5,13,772 equity shares. The company aims to raise ₹29.28 crore specifically to augment long-term working capital requirements.

The EGM is scheduled for October 13, 2026, at 3:00 pm through video conferencing. The corrigendum clarifies the utilization of proceeds and updates the shareholding pattern disclosures. All other contents of the original notice dated September 18, 2026, remain unchanged.

Utilization of Proceeds

The entire amount raised from the preferential issue is earmarked for working capital needs over a 12-month period from the date of allotment. This funding will support existing and growing manufacturing operations, including procurement of raw materials, chemicals, packing materials, and consumables. It will also help maintain adequate inventory levels and meet trade receivables and vendor payment obligations.

The company explicitly stated that proceeds will not be used for investment in or dealing with Virtual Digital Assets. Pending utilization, funds may be temporarily deployed in permitted instruments or deposits as per applicable laws.

Shareholding Pattern Changes

The preferential issue will dilute the promoter group's holding while increasing public shareholding. Promoter and promoter group shareholding will decrease from 74.99% to 72.54%, as their absolute holding remains constant at 1,13,63,621 shares. Public shareholding will rise from 25.01% to 27.46% due to the new allotment.

Key changes in the post-issue structure include:

• Promoter Group: Holding remains at 1,13,63,621 shares (72.54%).
• Public: Total holding increases to 43,01,925 shares (27.46%).
• Total Capital: Increases from 1,51,51,774 shares to 1,56,65,546 shares.

Proposed Allottees

The corrigendum details specific allottees who will subscribe to the new equity shares. Notably, Ashish Kacholia, currently holding no shares, is proposed to receive 3,42,637 shares, representing 2.19% of the post-issue capital. Other allottees include Kadayam Ramanathan Bharat, who already holds 1,80,000 shares, and Ashika Global Securities Limited.

Regulatory Compliance and Control

The company confirmed there will be no change in management or control pursuant to this issue. The allotment must be completed within 15 days of the special resolution passing, subject to regulatory approvals under SEBI ICDR Regulations. A practicing company secretary has certified compliance with Chapter V of the SEBI ICDR Regulations. The updated notice is available on the company website and BSE Limited's platform.

Beezaasan Explotech Limited scheduled a board meeting for September 30, 2026, to consider and approve the acquisition of equity shares in Asawara Earthtech Limited (AEL), an associate company.

The company filed this intimation with BSE Limited on September 26, 2026, pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda includes evaluating the proposed transaction involving AEL.

Trading window closure

The trading window for dealing in shares and securities of Beezaasan Explotech remains closed. This restriction applies to promoters, directors, senior managerial personnel, their immediate relatives, and other designated persons until the conclusion of the board meeting.

The filing was signed by Aakansha Kamley, Company Secretary and Compliance Officer. The exchange has been requested to take the information on record.