Consolidated Construction Consortium Limited's board of directors convened on February 21, 2026, and made a significant decision regarding its proposed preferential allotment. After thorough deliberation, the board decided not to proceed with the preferential allotment to Mark AB Capital Private Limited at this stage.

Background of the Fundraising Initiative

The company had initially received board approval on January 30, 2026, for raising funds aggregating up to ₹98.90 crores through equity shares via the preferential issue route. The original proposal involved Mark A B Capital Investment LLC as the primary investor entity.

Investor Entity Changes

Following a corrigendum dated February 3, 2026, the company had received a revised proposal involving a change in the identity of the proposed investor from Mark A B Capital Investment LLC to Mark AB Capital Private Limited. This change was communicated to the stock exchanges as part of the company's transparency measures.

Board Meeting Outcome

The board meeting, which commenced at 9:30 AM and concluded at 3:15 PM on February 21, 2026, specifically considered the change in identity of the proposed investor. After due consideration of the revised proposal, the directors unanimously decided against proceeding with the proposed preferential allotment.

Company's Strategic Position

Despite the decision to halt the current preferential allotment, Consolidated Construction Consortium Limited remains committed to exploring value-accretive opportunities in line with its strategic priorities. The company emphasized its dedication to maintaining compliance with applicable laws and regulations in all future fundraising endeavors.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable regulations of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer S S Arunachalam signed the official communication to both NSE and BSE, ensuring full transparency with stakeholders regarding this strategic decision.

Consolidated construction Consortium Limited has issued a corrigendum to correct investor details in its proposed preferential issue, addressing an error in the original board meeting outcome dated January 30, 2026. The correction specifically pertains to the identity of the entity that will participate in the company's fundraising initiative.

Investor Name Correction

The company has clarified that Mark AB Capital Private Limited will be the actual investor, replacing the previously mentioned Mark A B Capital Investment LLC in the original documentation. This correction was communicated through a formal letter to both the National Stock Exchange of India Limited and BSE Limited on February 3, 2026. The company emphasized that all other details of the preferential issue remain unaltered, with only the investor name requiring modification.

Preferential Issue Details

The preferential issue involves the issuance of equity shares to non-promoter allottees under the regulatory framework of SEBI regulations. The company has provided comprehensive details of the proposed securities issuance in compliance with disclosure requirements.

Regulatory Compliance

The preferential issue is being conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with the Companies Act, 2013 and rules made thereunder. The company has provided the revised details as required under Regulation 30 of the SEBI Listing Regulations, ensuring full compliance with continuous disclosure requirements.

Investment Structure

Mark AB Capital Private Limited, categorized as a public investor, will have the opportunity to subscribe to the maximum number of 4.30 crore equity shares being offered under this preferential issue. The single investor structure simplifies the allotment process while providing the company with the targeted fundraising amount of up to Rs.98.90 crore.

The corrigendum ensures accurate documentation and maintains transparency in the company's capital raising activities, with Company Secretary S S Arunachalam signing off on the revised disclosure to stock exchanges.