Swaraj Suiting Limited issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for October 24, 2026. The amendment revises explanatory statements regarding two preferential issues totaling ₹174.20 crore.

The corrigendum was dispatched electronically to shareholders on October 19, 2026. It forms an integral part of the original EGM notice dated October 1, 2026. All other contents of the original notice remain unchanged and valid.

Amendments to Preferential Issue of Equity Shares

The first amendment pertains to Item No. 1 of the EGM notice. The company clarified the objects and ultimate beneficial ownership for the preferential issue of equity shares aggregating up to ₹117.25 crore. The shares will be issued at ₹335 per share.

The net proceeds are allocated as follows:

The corrigendum also specified the natural persons who are ultimate beneficial owners of the proposed allottees. These include Soumendra Nath Lahiri (Clarus Capital I), Ram Ballabh Mishra and Ramamurthy Vaidyanathan (Kritagyata Trust), and Sudhir Jain and Arjun Shanker Bhartia (Emerge Capital Opportunities Scheme).

Amendments to Preferential Issue of Warrants

The second amendment relates to Item No. 2, concerning the preferential issue of warrants convertible into equity shares. The total issue size is ₹56.95 crore, with warrants priced at ₹335 each. A total of 17,00,000 warrants are proposed for allotment.

The utilization plan for these proceeds is detailed below:

For this tranche, the identified ultimate beneficial owners include Anand Mohta (Annso Capital Private Limited), Utsav Pramodkumar (RNR Wealth Management Private Limited), Chirag Fialoke and Suruchi Fialoke (MS Capital India Fund 1), and Tanay Janak Desai (First Among Equals). Soumendra Nath Lahiri is also listed as a beneficial owner for Clarus Capital I in this context.

Regulatory Compliance and Monitoring

Both issues are subject to SEBI ICDR Regulations and the Companies Act, 2013. Crisil Ratings Limited has been appointed as the Monitoring Agency for both tranches to oversee the use of proceeds. Quarterly reports from the monitoring agency will be submitted to stock exchanges.

Pending full utilization, issue proceeds may be invested in money market instruments, fixed deposits, or government securities. The company confirmed that no part of the proceeds will be used for prohibited purposes.

Swaraj Suiting Limited announced that Mrs. Annie Zuberi Khan will cease to be an Independent Director of the company effective October 4, 2026. Her departure marks the completion of her first term of five consecutive years in the role.

The company filed this intimation with both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cessation is scheduled to take effect from the closure of business hours on October 4, 2026.

Regulatory Disclosure Details

The Board of Directors and Management expressed their sincere appreciation for the valuable contributions, guidance, and support extended by Mrs. Khan during her association with the company. The disclosure follows standard corporate governance protocols regarding director tenures.

Compliance and Governance Context

This change adheres to the mandatory rotation policy for Independent Directors under Indian corporate law, which limits initial terms to five years. The company confirmed that requisite details were enclosed in Annexure-A as per the Securities and Exchange Board of India Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026.

The filing was signed by Rahul Kumar Verma, Company Secretary and Compliance Officer, on October 4, 2026. No new appointment was announced alongside this cessation in the provided disclosure.