Centrum Capital Limited has informed the Exchange regarding Notice of Postal Ballot
CENTRUM · price
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Centrum Capital has issued a postal ballot notice seeking shareholder approval for three special resolutions. The key item is the sale of its entire 56.39% stake (15.04 crore equity shares) in material subsidiary Centrum Housing Finance Limited (CHFL) to Weaver Services Private Limited for an aggregate consideration of approximately Rs 429.77 crore, of which Rs 50 crore is deferred for up to 12 months from closing. The buyer is a platform promoted by Mr. Satrajit Bhattacharya and backed by Premji Invest, Lightspeed Ventures, and Gaja Capital; the deal is subject to RBI approval. The second resolution seeks to cap aggregate foreign ownership in the company at 49% to ensure Centrum's eligibility to act as promoter of Unity Small Finance Bank under RBI norms. The third resolution proposes reappointment of Mr. R. A. Sankara Narayanan (former MD & CEO of Canara Bank) as Independent Director for a second 5-year term from April 3, 2026 to April 2, 2031. Remote e-voting runs from September 28, 2025 (9:00 AM) to October 28, 2025 (5:00 PM), with results to be announced within 2 working days.
This is a significant divestiture that will unlock roughly Rs 430 crore of cash and reshape the Centrum group structure, with CHFL being fully exited and proceeds potentially supporting Unity Small Finance Bank. Shareholders must cast votes electronically between September 28 and October 28, 2025; outcomes on all three resolutions, especially the CHFL sale price and foreign ownership cap, will be closely watched by the market.