Ratnaveer Precision Engineering Limited has issued a regulatory disclosure on January 20, 2026, correcting a typographical error in the explanatory statement of its Extraordinary General Meeting (EGM) held on January 10, 2026. The company identified an inadvertent clerical error where the term "equity shares" was mentioned alongside warrants in multiple sections of the notice.

Error Correction Details

The company clarified that it is issuing only warrants and therefore the term "equity shares" was mentioned inadvertently in the EGM notice. The correction specifically addresses multiple points in the explanatory statement where both equity shares and warrants were referenced incorrectly.

The company emphasized that this error does not impact the substance of the resolutions passed at the EGM nor affects shareholder interests in any manner. All resolutions were duly approved by shareholders with the requisite majority.

Valuation Report Clarifications

In a separate communication, Ratnaveer Precision Engineering responded to NSE queries regarding its valuation report. The company provided detailed clarifications through its valuation consultant, Treu Valuation Services Private Limited, addressing the methodology adopted for fair value determination.

Market Approach Rationale

The company justified assigning 100% weightage to the Market Approach, explaining that as a listed company with frequently traded equity shares under Regulation 164(5) of SEBI ICDR Regulations 2018, the market approach provides the most appropriate indicator of fair value. The issue price for preferential allotment must not be less than the higher of 90 trading days VWAP or 10 trading days VWAP preceding December 11, 2025.

Valuation Methodology Summary

The valuation report applied three approaches for comprehensive analysis:

The Income Approach and Asset Approach were considered for corroborative purposes only, while the Market Approach received full weightage due to active trading and reliable price discovery mechanisms.

Regulatory Compliance

Both disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company confirmed that there is no change in the issue price despite the corrections made to the documentation. The revised valuation report has been made available through the company's official website for stakeholder reference.

The communications were signed by Managing Director Vijay Sanghavi (DIN: 00495922) and authorized signatory CA RV Parushana Chhajed from Treu Valuation Services Private Limited, ensuring proper authorization and compliance with regulatory requirements.

Ratnaveer Precision Engineering has received a shareholding disclosure from Astorne Capital VCC-Arven under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a significant reduction in the investment firm's stake through open market transactions.

Transaction Details

Astorne Capital VCC-Arven executed a substantial divestment by selling 15,00,000 shares of Ratnaveer Precision Engineering between December 11-24, 2025. The transactions were conducted through open market sales, representing a strategic reduction in the firm's equity position.

Shareholding Position Changes

The sale resulted in a notable decrease in Astorne Capital's ownership stake in the steel sector company. The firm's shareholding position shifted significantly following the completion of these transactions.

Company Capital Structure

Ratnaveer Precision Engineering maintains a stable capital structure with no changes to its total equity base during this transaction period. The company's shares are listed on both major Indian stock exchanges.

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations governing substantial acquisition and disposal of shares. Astorne Capital VCC-Arven, identified as a non-promoter entity, submitted the required documentation from Singapore on December 26, 2025. The firm operates alongside Beacon Stone Capital VCC-Beacon Stone as persons acting in concert, though this particular transaction involved only Astorne Capital's holdings.