Bhakti Gems & Jewellery Limited has announced a series of significant corporate changes, including a proposed name change and capital raise, through a postal ballot notice to its shareholders. The company has now issued a corrigendum to address SEBI ICDR regulation compliance requirements.

Key Proposed Changes

The company is seeking shareholder approval for the following major changes:

Corrigendum Details

Bhakti Gems and Jewellery Limited issued a corrigendum on January 7, 2026, to its postal ballot notice dated December 8, 2025. The corrigendum addresses certain changes required in terms of listing regulations and suggestions received from the stock exchange.

Beneficial Ownership Disclosure

The corrigendum provides crucial details about the ultimate beneficial owners of the proposed allottee:

Preferential Issue Details

Bhakti Gems and Jewellery plans to raise Rs 9.02 crore through a preferential allotment of 32 lakh equity shares at Rs 28.20 per share to Krina Creation Private Limited. This move aims to strengthen the company's capital base and provide funds for future growth initiatives.

Regulatory Compliance

The corrigendum ensures compliance with Clause (f) of Regulation 163(1) of SEBI ICDR Regulations, which requires disclosure of the identity of natural persons who are ultimate beneficial owners of shares proposed to be allotted. The document will be made available on the BSE website and the company's official website.

Shareholder Voting

Shareholders will have the opportunity to vote on these proposals through e-voting, scheduled from December 9 to January 7. The corrigendum forms an integral part of the original postal ballot notice and should be read in conjunction with it.