Sangam (India) Limited has clarified the shareholding classification of Mrs. Krippie Soni, stating she falls under the Promoter Group category rather than being listed individually as a Promoter. The correction follows resolution number 1 passed at the company’s Extra Ordinary General Meeting held on August 12, 2026.

The disclosure was issued on August 18, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It serves to amend the explanatory statement for item number 1 of the EOGM notice, which had previously been supplemented by a First Corrigendum dated July 30, 2026, and a Second Corrigendum dated August 7, 2026.

Regulatory Correction Details

The company informed the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd. that all other contents of the EOGM notice and its corrigenda remain unchanged except for this specific modification. Arjun Agal, Company Secretary of Sangam (India) Limited, signed the disclosure.

Sangam (India) Limited shareholders have approved the company’s proposal to issue warrants convertible into equity shares on a preferential basis to promoters and promoter group entities. The special resolution was passed during the Extra-Ordinary General Meeting (EGM) held on August 12, 2026, via Video Conferencing and Other Audio-Visual Means (OAVM). The overwhelming support validates the capital raise strategy detailed in the second corrigendum issued on August 7, 2026, which clarified the utilization of proceeds for manufacturing expansion.

The scrutinizer’s report, submitted by B K Sharma and Associates on August 13, 2026, confirms that the resolution was passed with the requisite majority under Section 108 of the Companies Act, 2013. A total of 131 members voted in favor, casting 34,664,623 valid votes, which accounted for 100% of the total valid votes polled. Only three members voted against the resolution, casting a negligible four votes. No votes were declared invalid or abstained.

Voting Breakdown

The voting data reveals strong backing from the promoter group, which holds a significant stake in the company. Promoters and promoter group entities held 35,431,638 shares as on the record date of August 5, 2026. They polled 34,537,183 votes through e-voting, representing 97.48% of their outstanding shares. All votes cast by the promoter group were in favor of the resolution.

Public shareholders also participated in the e-voting process, which ran from August 8 to August 11, 2026. Public institutions held 6,372,250 shares and polled 107,923 votes (1.69% of outstanding), all in favor. Public non-institutional shareholders held 8,442,671 shares and polled 19,521 votes (0.23% of outstanding). Of these, 19,517 votes were in favor and four were against.

The total number of shareholders on the record date was 10,231. While no shareholders attended the meeting in person or via proxy, 13 promoters and 84 public shareholders attended via video conferencing. The high participation rate from promoters, combined with the unanimous support from institutional investors, underscores confidence in the company’s expansion plans.

Fund Utilization and Compliance

The approved warrant issuance involves issuing 18,00,000 warrants to promoters at an issue price of ₹555.56 per warrant, raising a total of ₹10,00,08,000 (₹100.08 crore). As per the second corrigendum to the EGM notice, the funds are earmarked for setting up additional manufacturing capacities in cotton yarn, open-end yarn, recycled polyester fibre, denim fabric, and garment manufacturing.

The allocation of proceeds is structured as follows:

• Civil Construction: ₹25.00 crore (25%)
• Plant & Machinery: ₹60.00 crore (60%)
• General Corporate Purposes: ₹15.00 crore (15%)

All funds must be utilized by March 31, 2029. Brickwork Ratings India Private Limited has been appointed as the monitoring agency to ensure quarterly compliance with SEBI regulations. Until utilized, the proceeds will be kept in Fixed Deposit Receipts (FDRs).

The EGM was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer’s report are hosted on the company’s website and the Central Depository Services (India) Limited (CDSL) e-voting platform.