Centrum Capital Limited has informed the Exchange regarding Board meeting held on July 15, 2025.
CENTRUM · price
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Centrum Capital Limited, at its meeting held on July 15, 2025, approved a proposal to raise funds through a preferential issue of up to 5,01,91,537 equity shares of face value ₹1 each. The issue price is fixed at ₹34.38 per share, which includes a premium of ₹33.38 over face value, aggregating to approximately ₹172.56 crore. The shares will be allotted to 55 non-promoter allottees, including several alternative investment funds and high net-worth individuals, subject to shareholder approval.
This capital raise of around ₹172.56 crore will lead to dilution of existing shareholders' equity. The stock may see short-term pressure due to dilution, though the fresh capital could strengthen the company's balance sheet for business growth or debt reduction.