Announced Mon, 29 Jun · 17:47 IST
Board clears share allotments, new auditors and higher borrowing limit
Management Changes View source PDF
AFIL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹10.38
prior close
₹10.36
base price
After-mkt
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AI summary
Board approved allotment of 1.3 crore equity shares on warrant conversion worth about Rs 7.74 crore to Pushpa Jugraj Jain and Stellant Securities. Internal Auditor Ms Latika Jain resigned citing other engagements, replaced by Ms Ankita Jain for FY27. Shyam S. Gupta appointed statutory auditor for 3 years replacing Valawat Associates. Authorised capital raised from Rs 50 cr to Rs 60 cr and borrowing limit increased to Rs 1,200 cr.
Likely market impact
Share count expands by 1.3 crore; higher borrowings and capital may support NBFC growth. Routine auditor switch.