BSEGeetanjali Credit and Capital LtdLowNeutral
Announced Thu, 16 Jul · 18:49 IST
Board approves Rs 90 Cr Rights Issue and 10x hike in authorized capital
Board & Shareholder Meetings View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The board approved raising up to Rs 90 crore through a Rights Issue of equity shares to existing shareholders. Authorized capital will increase from Rs 10 crore to Rs 100 crore, subject to shareholder approval. Independent Director Mukesh Gupta resigned due to pre-occupancy. The 36th AGM is scheduled for 21st August 2026 via video conferencing.
Likely market impact
A 10x hike in authorized capital and proposed Rs 90 Cr Rights Issue may lead to equity dilution. Director exit is a minor governance change.