Enclosed herewith is the Outcome of Board Meeting held on May 07, 2026.
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The Board of Directors of Credent Global Finance Limited met on May 7, 2026, and approved several key matters. The company plans to change its name from 'Credent Global Finance Limited' to 'AMPL Capital Limited', which will require changes to its Memorandum and Articles of Association. The Board also approved seeking shareholder approval to increase borrowing limits and create mortgages/charges on company assets under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. An Extra-Ordinary General Meeting (EGM) will be convened via video conferencing, with M/s. Sumit Bajaj & Associates appointed as Scrutinizer for the e-voting process. The meeting lasted only 20 minutes (3:30 PM to 3:50 PM).
Shareholders should prepare to vote on these resolutions at the upcoming EGM. The name change to 'AMPL Capital Limited' is significant as it may signal a strategic rebranding or shift in business focus. Increased borrowing powers give the company more financial flexibility.