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Sahana System has issued a corrigendum to its postal ballot notice on warrant issuance. Warrants total ₹125 Crore at ₹950 each to identified allottees.
Sahana System is seeking shareholder approval via postal ballot for issuing 13.16 lakh convertible equity warrants aggregating to ₹125 Crore and appointing an Independent Director.
Sahana System Limited's board approved raising ₹125 Crore through the preferential issuance of 13.16 lakh convertible equity warrants to identified non-promoter investors.
Sahana System Limited clarified that an unapproved draft Postal Ballot Notice was inadvertently sent by its service provider and should be disregarded by shareholders.