Enclosed herewith is the Outcome of Board Meeting held on today, i.e., Thursday 19th February 2026
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Credent Global Finance Limited has closed its Qualified Institutions Placement (QIP) on February 19, 2026. The Board approved the issue of 1,00,00,000 (1 crore) equity shares of face value ₹2 each to eligible Qualified Institutional Buyers at a price of ₹30 per share, including a premium of ₹28 per share. This translates to a total issue size of ₹30 crore. The Placement Document has been adopted and Confirmation of Allocation Notes will be sent to the allocated QIBs. The Board meeting concluded at 4:30 PM IST on the same day.
The QIP will dilute existing shareholders by issuing 1 crore new shares, but the company will raise ₹30 crore in fresh capital. Shareholders should expect some dilution in their holdings and monitor how the company plans to deploy these funds.