Sangam (India) Ltd

Sangam (India) Limited will hold a meeting of its Board of Directors on November 4, 2026, in Bhilwara, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter/half-year ended September 30, 2026, according to a regulatory filing. The trading window for designated persons was closed from October 1, 2026, until 48 hours after the results are declared.

Sangam (India) Ltd announced credit rating actions across its bank loan facilities and issuer rating from India Ratings and Research (Ind-Ra), alongside information regarding an upgrade. Specifically, Ind-Ra upgraded bank loan facilities amounting to Rs 17,650, bank loan facilities amounting to Rs 10,050, and bank loan facilities totaling Rs 27,700.00, all to IND A/Stable/IND A1, while also assigning an IND A/Stable/IND A1 rating to bank loan facilities of an unspecified amount; furthermore, Ind-Ra maintains an IND A/Stable issuer rating and has upgraded bank loan facilities of an unspecified amount to IND A and IND A1, with additional limits rated as of October 23, 2026, with no other rating agencies or instruments mentioned in the provided information.

Sangam (India) Limited submitted a certificate to the National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd. under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as received from Bigshare Services Private Limited, its registrar and transfer agent.

Sangam (India) Limited announced it has executed a Power Consumption Agreement and Share Purchase & Shareholders Agreement with CGE II Hybrid Energy Private Limited and Continuum Green Energy Limited, for a total acquisition cost of Rs 47,60,01,010. The acquisition, completed on October 5, 2026, involved acquiring approximately 0.97% equity stake in CGE II Hybrid Energy Private Limited, a renewable power generation company incorporated in December 2021 and a subsidiary of Continuum Green Energy Limited, to enhance captive renewable power consumption up to 5 MW for Sangam (India) Limited’s manufacturing units in Rajasthan.

Sangam (India) Limited informed the National Stock Exchange of India Ltd. and BSE Ltd. that the trading window for dealing in the company's equity shares will be closed from Thursday, October 1, 2026, until 48 hours after the declaration of audited/unaudited financial results for the quarter ending September 30, 2026, for directors, designated persons, their immediate relatives, and connected persons.

Sangam (India) Limited has allotted 18,00,000 warrants convertible into equity shares on a preferential basis to promoters and promoter group entities, including Mr. Pranal Modani, Mr. Vinod Kumar Sodani, Ms. Antima Soni, Ms. Anjana Soni Thakur, Ms. Krippie Soni, Sangam E-com Limited, and Nidhi Mercantiles Limited. The allotment, totaling Rs 100,00,08,000, was approved by shareholders on August 12, 2026, and approved in-principle by the National Stock Exchange of India Limited and BSE Limited on September 7, 2026. The company has received Rs 25,00,02,000 as a warrant subscription amount, and the warrants can be converted into equity shares within 18 months, on or before March 10, 2028.

Sangam (India) Limited clarified that Mrs. Krippie Soni’s category will be read as Promoter Group instead of Promoter, correcting a resolution passed at an Extraordinary General Meeting of the members of the company held on August 12, 2026, as detailed in the First Corrigendum dated July 30, 2026, and the Second Corrigendum dated August 7, 2026.

Sangam (India) Limited held an Extra-Ordinary General Meeting (EGM) on Wednesday, August 12, 2026, via video conferencing, where shareholders approved the issuance of 18,000,000 warrants convertible into equity shares to promoters and promoter group entities on a preferential basis. The meeting, chaired by Ram Pal Soni, was attended by 97 members and included Anurag Soni, Managing Director, and other directors and representatives. B.K. Sharma & Associates will scrutinize the votes, and the results will be submitted to the Bombay Stock Exchange Ltd. and The National Stock Exchange of India Ltd.

Sangam (India) Limited announced a second corrigendum to the notice of its Extra Ordinary General Meeting, incorporating additional disclosures and amendments related to a proposed preferential issue. The company intends to utilize Rs 100.00 crore raised through the issuance of warrants for capital expenditure programs, including expansion and modernization of manufacturing facilities for cotton yarn, recycled polyester fibre, denim fabric, and garment manufacturing, among other purposes, with a tentative completion date of March 31, 2029. Brickwork Ratings India Private Limited has been appointed as the monitoring agency for the utilization of the issue proceeds.

This document is a corrigendum to the notice of an Extraordinary General Meeting (EGM) for Sangam (India) Limited, outlining amendments to several points within the original explanatory statement. The changes primarily detail specifics regarding a preferential issue of warrants, including the intended subscribers, the post-issue shareholding pattern, the utilization of funds, and a certificate from a practicing company secretary confirming compliance with regulatory requirements. The corrigendum emphasizes that all amended details are accessible on the company's website and those of the stock exchanges, and that the revised notice should be read in conjunction with this corrigendum.