Granules India Limited has issued a Corrigendum to the Notice of its Extra-Ordinary General Meeting (EGM), originally scheduled for January 22, 2026. This corrigendum, dated January 13, 2026, is an integral part of the EGM Notice and provides clarifications and modifications. The changes are pursuant to observations from NSE and BSE regarding the proposed preferential issue of convertible warrants and equity shares.

The key changes include updates to the list of proposed allottees for the preferential issue, with the removal of "Public Sector Pension Investment Board" and re-allocation of resultant equity shares among other existing allottees. The total size of the issue remains unchanged. The corrigendum also modifies the explanatory statement concerning the objects of the preferential issue. The total estimated amount to be funded from proceeds is ₹1,462.50 crore, with timelines for utilization specified for various purposes including funding business operations (capital expenditure and operating expenses), vendor payments, and general corporate purposes.

Furthermore, the corrigendum specifies that M/s. India Ratings & Research Private Limited has been appointed as the monitoring agency for the use of preferential issue proceeds. All other items of the EGM Notice and the Explanatory Statement remain unchanged, except as detailed in this corrigendum.