Enclosed herewith Extraordinary General Meeting (EGM) to be held on 1st June, 2026.
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Credent Global Finance Limited, a Mumbai-based NBFC, has called an EGM on 1st June 2026 via video conferencing with three agenda items. The key proposals are: (1) change of company name from 'Credent Global Finance Limited' to 'AMPL Capital Limited' — RBI approval obtained on 23rd April 2026 and CRC approval on 24th April 2026, to better reflect diversified NBFC operations including lending, capital management, and financial intermediation; (2) increase in borrowing powers up to Rs. 625 Crores under Section 180(1)(c) of the Companies Act, 2013; and (3) creation of mortgage or charge on company assets/undertakings up to Rs. 625 Crores under Section 180(1)(a) to secure borrowings. All three items require Special Resolutions. Remote e-voting opens 29th May 2026 and closes 31st May 2026, with record date 25th May 2026.
The name change signals a strategic rebranding to a 'Capital' identity, which may attract investor interest. The substantial borrowing limit of Rs. 625 Crores indicates the company is preparing for significant expansion or capital raising, which could be positive for growth prospects but may increase debt levels — shareholders should monitor how these funds are utilized.