15-Oct-2026      22:36

Quality Power Electrical Equipments corrects EGM notice following NSE observations, share floor price set at Rs 1,456.40

Quality Power Electrical Equipments Limited has issued a corrigendum to the notice of its Extraordinary General Meeting, scheduled for October 19, 2026, following observations from the National Stock Exchange of India Limited (NSE). The corrigendum, dated October 15, 2026, includes additional disclosures related to the pricing of shares under Article 17(a)(iii) of the company’s Articles of Association, which stipulates a valuation report from a registered valuer, and clarifies that the floor price for the preferential issue remains Rs 1,456.40 per equity share, as determined by CA Aman Bansal, an independent registered valuer.

News source: Capital Market - Live News