In the absence of explicit information, it is a standard and widely accepted ICAI practice to assume Issue Price to be equal to the Current Market Price, which then forms the basis for calculating net proceeds, as consistently followed in several ICAI questions, for example, September 2024, January 2025 and May 2024 examinations, as well as various RTPs.

However, no option corresponding to the value derived using this assumption was available. Due to this ambiguity, I was compelled to select a random option not only for this MCQ but also for the subsequent MCQ on Weighted Average Cost of Capital (WACC), which depended on the earlier computation, resulting in a loss of 4 marks.

4. In one of the MCQ of BPC Electronics, the dividend of Rs 30 was mentioned as 'declared and paid' indicating that the dividend is already paid and hence the price of Rs 480 must be ex-dividend already (rather than cum-dividend as done in a similar ICAI Study Mat Question) and hence we can directly use this price of Rs 480 to determine additional shares purchased leading to final answer of 44,625 shares. I kindly request ICAI to consider 44,625 as the correct answer in this MCQ otherwise this would lead to loss of marks for students who paid attention to the modification done by ICAI in the question and solved conceptually but still lost marks.

I respectfully request ICAI to kindly consider awarding appropriate grace marks for these two MCQs in the interest of students.

Thank you for your time and kind consideration.

Yours sincerely,
Name:
Registration No.:
Roll No.:
Contact No.:
Email ID:

https://youtu.be/UUwe8zm4emk

Watch this for grace marks and ICAI Blunders along with alternatives discussion

Before sending the mail:

1. Carefully delete all lines written in brackets such as
"(Use the following paragraph ONLY if…)”

2. Keep only those paragraphs that apply to you (attempted / not attempted / MCQs left / MCQs marked).

3. Ensure that the final email reads smoothly as a normal mail, without any instructions or headings referring to “use only if”.

4. Fill in your personal details correctly before sending.

5. Mark recipients as: examfeedback@icai.in &
intermediate_examhelpline@icai.in

6. Subject Line: Representation regarding ambiguities in CA Intermediate Jan 2026 FM&SM Question Paper

7. Pls note due to Telegram word limit, the full draft has gone in 2 texts, use both together.

8. Send the mail before 27th Jan

Thanks :)

Jo bachhe abhi bhejne wale hai, guys use the draft that I have shared here (its in 2 texts so dono le lena draft me)

Kuch bhi khunnas nahi nikalega ICAI guys, ye dekho mene bhi bheja tha Finals me proof dekh lo and that’s why is question me mene alag alternative kiya tha so mujhe uske marks mil gye the because of mail, 71 marks the mere is paper me

Tum log bhejoge toh ulta chance hoga ki marks mil jayenge, nhi bhejoge toh shyd ICAI tak baat pahuche hi na, nhi bhejne me koi fayda nhi hai, bhejne me hai, baaki ab aap log dekh lo, papers apke hai hum bass ap logo ke liy efforts le rhe hai

Guys, I want to be very honest here, when I made the video, it was not to gurantee you grace marks. The video was made with the intention to ensure that we communicate about all the errors and ambiguities to ICAI so that they are well aware and they take a positive decision of giving appropriate additional marks or alternatives. It is at the ICAI's decision now, let's just hope they pay heed to our concerns and take reasonable steps for us.

Hi Everyone, whoever had registered for today's guidance session, we have shared the zoom meeting link at your Mail ID. Do check your mail and join at 3 PM and it will be advisable to keep your cameras on during the session, it helps in better discussion, thanks!

See you in the session :)

You will get all the details about the batch in this PDF

Dosto jin bhi bachho ne humare Revision Videos ya fir Super 50/100 Marathons use kiye hai and unko helpful lage hai, is video ke comments section me apna feedback jarur de jana, it will help more students in trusting me with their preparation, and isko relevant bachho tak pahucha sako toh will be much grateful, thanks a lot ❤️

Hi everyone, its the last day today to mail ICAI, whoever has not mailed yet for FM paper, pls do it today, it will take less than 10 minutes of your time but can ensure higher chances of correct evaluation

Last day to avail FM Conceptual Batch at discounted price of Rs 3,999.

To enroll, fill this form: https://forms.gle/tV2uvj114UbPHvwZ8

Guys, a small happy news to share with you, don't know why but seems like Mumbai market ne apke bhai ko dil de diya hai, last 5 days, 80% sales has been from Mumbai students!!

Aamchi Mumbai, mazh hruday tumchyakade jaat ❤️

Hi guys, free baithe ho toh aa jao linkedin pe meeting meeting karte hai 😁

https://www.linkedin.com/posts/pankaj52_confidence-didnt-build-my-life-fear-did-activity-7424303121515986944-ffMG?utm_source=share&utm_medium=member_android&rcm=ACoAACeMPWUBFKirCe8mvMd71a9UBcyHMtxNtnY

To register, fill this form:
https://forms.gle/CnqrE5NrMLqVeqZDA

Just a gentle reminder guys, our 'What next after CA Exams Session 1' will be conducted today at 3 PM, everyone who had registered for this will receive the session joining links over their email in next 15 mins!

Do check your mails and keep your cameras on during the session, it just helps in better interaction 😀

See you at 3 PM!