Mizzen Ventures Ltd

Resignation of Whole-Time Director

• Om Kantimohan Mishra, Whole-Time Director, resigned effective 19 August 2026 to pursue higher education.

Meeting Details

• Board meeting on 14 August 2026 at the Company's Corporate Office to consider unaudited financials.

Key Agenda Items

• Un-audited standalone and consolidated financial results for quarter ended 30 June 2026, with Limited Review Report.
• Any other business with the permission of the Chair.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after declaration of the financial results.

Dematerialisation compliance

• Details of dematerialised securities for the quarter ended 30 June 2026 were furnished to all stock exchanges.

Withdrawal decision

• Board approved withdrawal of up to 8,00,000 equity shares at ₹125 per share for cash to non-promoter public.
• Aggregate value ₹10 crore; previously approved by the Preferential Issue Committee on 18 June 2026.

Cancellation and ratification

• Resolutions for increase in authorised share capital and preferential issuance stand cancelled.
• Ratification of those resolutions to be sought from members at the ensuing AGM/EGM.

Future fundraising

• Company may revisit the fund-raising plan at an appropriate time.

Resolution 1: Authorised capital increase

• Type: Ordinary; Increase in authorised share capital and alteration of MOA.

Resolution 2: Preferential issue to non-promoters

• Type: Special; Preferential issue of equity shares to non-promoters for cash.

Resolution 1: Increase in authorised capital

• Type: Ordinary; increases authorised capital and alters MOA.
• Voting: 13,954,941 votes polled, 100% in favour.
• Promoter interest: No.

Resolution 2: Preferential issue to non-promoters

• Type: Special; equity shares to non-promoters for cash.
• Voting: 13,954,941 votes polled, 100% in favour.
• Promoter interest: No.

Impact on shareholding

• Capital base expanded; preferential issue could dilute promoter holdings.

Management changes

• No director appointments or removals announced.

Resolution 1: Increase in authorised share capital

• Ordinary resolution; increase in authorised share capital and alteration of MOA.

Resolution 2: Preferential issue to non-promoters

• Special resolution; cash preferential issue to non-promoters; terms undisclosed; promoters' interest not disclosed.

Voting outcome

• Outcome not disclosed in filing.

Shareholding impact

• No material changes to shareholding or control disclosed.

Use of funds / objects

• Proceeds use not disclosed; resolution aims at cash consideration for preferential issue.

Governance / management changes

• No appointments or remuneration changes disclosed.

Overview

• Corrigendum updates the EOGM notice for the 1st EGM on 15 July 2026.
• Proposed preferential issue of equity shares to fund Mizzen Ventures and its subsidiary.
• Use includes sales, marketing, platform upgrades, salaries, and working capital.
• Proceeds to be utilised within 12 months; +/- 10% variation allowed.
• Board approved Corrigendum on 9 July 2026; EGM via VC.
• Value: Rs 125 per share; floor price per valuer; Relevant Date 15 June 2026.
• Valuation by Bhavesh M. Rathod; PCS certificate available on company website.

Key terms of the resolution

• Type: Special resolution for preferential issue of equity shares.
• Nature: Allotment of equity shares; total value approximately Rs 1 crore.
• Issue price: Rs 125 per share; floor price as determined.
• Objects: fund business and Mizzen Digital; includes marketing, platform upgrades, salaries, working capital.
• Proceeds split: Mizzen Ventures Rs 12.5 lakh; Mizzen Digital Rs 87.5 lakh.
• Relevant Date for price: 15 June 2026; valuation report accessible on site.
• Valuer: Bhavesh M. Rathod; Registered Valuer – SFA; PCS certificate available.

Dates & disclosures

• Date: Board meeting held 09 July 2026; Corrigendum issued; EGM 15 July 2026.
• Mode: Video Conferencing / Other Audio-Visual Means.
• Corrigendum forms part of EOGM Notice; other terms unchanged.
• Valuation report and PCS certificate accessible on company website.

Mizzen Ventures Ltd closes trading window from 01st July 2026 till the completion of 48 hours after the declaration of financial results of the Company for the Quarter ended 30th June 2026