Sejal Glass Limited has issued a clarification regarding its preferential issue of equity shares and convertible warrants, amending its earlier position on the applicability of SEBI ICDR Regulation 166A. This development comes in response to a query from the National Stock Exchange of India (NSE).

Initial Statement and Subsequent Amendment

Initially, in its postal ballot notice dated September 15, 2025, Sejal Glass stated that SEBI ICDR Regulation 166A was not applicable to its preferential issue. The company's original position was based on the assumption that the allotment would not exceed 5% of the post-issue fully diluted share capital.

However, following the NSE query, Sejal Glass has revised its stance. The company now acknowledges that the preferential issue will result in an allotment exceeding 5% of the post-issue fully diluted share capital, thus necessitating compliance with Regulation 166A.

Compliance Measures Taken

In light of this realization, Sejal Glass has taken the following steps to ensure regulatory compliance:

1. Obtained a clarification to the valuation report from an independent registered valuer.
2. The clarification was provided by Mr. Nitish Chaturvedi, an independent registered valuer (IBBI Reg. No.: IBBI/RV/03/2020/12916).
3. The purpose of this valuation report is to determine the fair price of the equity shares and convertible warrants being issued.

Details of the Preferential Issue

The preferential issue in question involves:

Transparency Measures

To maintain transparency, Sejal Glass has taken the following actions:

1. Posted the clarification to the valuation report on the company's website.
2. The report can be accessed at https://www.sejalglass.co.in/preferential-issue.html

This amendment and subsequent actions demonstrate Sejal Glass's commitment to regulatory compliance and transparency in its corporate actions. Investors and stakeholders are advised to refer to the updated information for a comprehensive understanding of the preferential issue and its implications.

Sejal Glass Limited has issued a corrigendum to its Postal Ballot Notice dated September 15, 2025, following directions from the National Stock Exchange. This update comes as part of the company's ongoing efforts to maintain transparency and compliance with regulatory requirements.

Key Points of the Corrigendum

1. Revised NAV Calculations: The corrigendum informs shareholders about an addendum dated October 06, 2025, issued by registered valuer Mr. Nitish Chaturvedi. This addendum presents revised Net Asset Value (NAV) calculations for the company.

2. E-Voting Period: The remote e-voting facility for the postal ballot remains active from September 16, 2025, until October 15, 2025.

3. Availability of Documents: Sejal Glass has made the valuation report and addendum available on its website for shareholders to review.

4. Voting Modification: Shareholders who have already voted but wish to modify their votes in light of the revised information can do so by contacting the scrutinizer before the voting deadline.

5. Related Documents: The corrigendum should be read in conjunction with the original postal ballot notice dated September 15, 2025, and a previous corrigendum dated October 07, 2025.

Additional Information

• Compliance: The corrigendum is issued in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Document Availability

Important Dates

Shareholders are advised to review the revised information carefully before casting or modifying their votes. The company emphasizes that this corrigendum is an integral part of the original postal ballot notice and should be considered accordingly.

For any modifications to votes already cast, shareholders can contact the scrutinizer at fcsharshad@gmail.com with a copy to evoting@nsdl.co.in before the voting deadline.

This corporate action underscores the importance of staying informed about company updates and exercising shareholder rights in a timely manner.