Integrated Personnel Services (IPSL) has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice regarding a proposed preferential share issue.

This update follows input from the National Stock Exchange.

The key modification clarifies that promoters Mr. Tarang Raghuvir Goyal and Ms. Sandeep Kaur Goyal will receive 10,13,333 and 57,667 equity shares respectively.

These shares are compensation for transferring their holdings in Informatic Connecting Tech Private Limited.

This signals a strategic business development, likely an acquisition, integrating the target company and solidifying the promoters' interest. #IPSL #CorpDev