Olatech Solutions Revises Board Meeting Outcome, Corrects Share Allotment Details
Olatech Solutions issued a corrected disclosure for its Board Meeting held on December 08, 2025, addressing typographical errors in the original submission. The revision reduces the preferential share allotment to 5,82,453 equity shares and removes Codebrew Innovations Private Limited from the transaction, limiting allottees to CodeBrew W.L.L. and CodeBrew Labs FZCO.

*this image is generated using AI for illustrative purposes only.
Olatech Solutions has issued a revised disclosure regarding its Board Meeting held on December 08, 2025, correcting earlier typographical errors in the preferential share allotment details. The company submitted the revision on December 16, 2025, to rectify computational errors in the original disclosure.
Corrected Board Meeting Decisions
The Board of Directors has reaffirmed key corporate actions with revised details:
| Corporate Action | Revised Details |
|---|---|
| Authorized Share Capital Increase | From ₹6.00 crores to ₹7.00 crores |
| Additional Equity Shares Created | 10,00,000 shares of ₹10 face value each |
| Preferential Share Allotment | Up to 5,82,453 equity shares (revised from earlier) |
| Issue Price | ₹451 per share (including ₹441 premium) |
| Number of Investors | 2 entities |
Key Corrections Made
The revision addresses two significant errors in the original disclosure:
- Typographical Error: The number of equity shares proposed to be issued was incorrectly computed in the earlier submission
- Entity Exclusion: Codebrew Innovations Private Limited was incorrectly referenced in the original disclosure and is not a party to the proposed preferential issue or share swap transaction
Revised Allottee Details
The corrected preferential allotment is now limited to specific CodeBrew group entities:
| Entity | Shares to be Swapped | Olatech Shares to be Issued | Status |
|---|---|---|---|
| CodeBrew W.L.L. | 4,76,041 | 4,76,041 | Non-Promoter |
| CodeBrew Labs FZCO | 1,06,412 | 1,06,412 | Non-Promoter |
| Total | 5,82,453 | 5,82,453 | - |
Transaction Structure
The preferential issue is structured as consideration other than cash, specifically for the purpose of discharging the purchase of stake in the mentioned entities. The issue price of ₹451 per share has been determined in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Regulatory Compliance
The company has maintained its earlier appointments and procedures:
- Scrutinizer: M/s. Nikunj Kanabar Associates, Practicing Company Secretaries
- EGM Requirement: Extra-Ordinary General Meeting to seek shareholder approval
- Compliance: Full adherence to Regulation 30 of SEBI Listing Regulations
The revision demonstrates Olatech Solutions' commitment to accurate disclosure and regulatory compliance, ensuring shareholders receive precise information about the company's corporate actions.
Historical Stock Returns for Olatech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |






























