Enclosed herewith is the outcome of Board Meeting held on today, .i.e, Monday February 16th, 2026
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Credent Global Finance Ltd's board, at its meeting on February 16, 2026, approved the opening of a Qualified Institutional Placement (QIP) of equity shares with a face value of ₹2 each. The floor price has been fixed at ₹29.37 per share, based on the SEBI ICDR pricing formula. The company has explicitly stated it does not intend to offer any discount on the floor price. The 'Relevant Date' for the issue is February 16, 2026, and the preliminary placement document has been filed with BSE. The trading window for designated persons has been closed until 48 hours after the final issue price is determined. Existing shareholders had previously approved the QIP via a special resolution on November 10, 2025.
The company is set to raise fresh equity capital from institutional investors, which will dilute existing shareholders' stakes. Since no discount is being offered on the floor price, the issue is likely to price at or above ₹29.37, protecting existing shareholders from aggressive dilution. Investors should watch for the final issue price announcement, which will indicate demand strength.