Sangam (India) (SANGAMIND) — Board Meeting

📢 Key Event
Second Corrigendum issued to EGM notice for preferential issue details

🔄 What Changed
Amended Explanatory Statement Item No. 1 to specify capital expenditure allocation and utilization timeline

🔮 What's Next
Completion of projects by 31 March 2029, subject to approvals

💡 Investor Takeaway
Funds raised will finance expansion and modernization, potentially increasing future production capacity and efficiency

Sangam (India) Limited issued a Second Corrigendum to its Extra Ordinary General Meeting notice dated 18 July 2026, amending the Explanatory Statement for Item No. 1 regarding the proposed preferential issue of warrants. The amendment details the utilization of proceeds: 25% for capital expenditure (including civil construction and plant & machinery), 15% for general corporate purposes, and 60% for plant & machinery, with a total issue size of Rs. 100,00,08,000. The funds will finance expansion, modernization, and technology upgrades in textile manufacturing, with completion targeted by 31 March 2029. Shareholders are directed to review the updated notice alongside prior corrigenda, available on the company website and stock exchange portals.

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About Sangam (India) Limited (SANGAMIND)

Textiles · Textiles · Listed on NSE

Market Cap: ₹2,959.77 Cr P/E: 24.4 ROE: 11.3% ROCE: 11.9% Div Yield: 0.34%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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