Enclosed herewith is the Outcome of Board Meeting held on October 14, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Credent Global Finance Limited met on October 14, 2025 (from 4:20 PM to 4:45 PM) and approved issuing a notice for an Extra-Ordinary General Meeting (EGM) of shareholders. The EGM will seek shareholder approval for raising funds by issuing equity shares or other equity-linked or convertible securities through a Qualified Institutions Placement (QIP), in one or more tranches, as permitted under SEBI's ICDR Regulations. The board also approved the appointment of M/s. Sumit Bajaj & Associates as Scrutinizer to oversee the e-voting process for the upcoming EGM in a fair and transparent manner. No specific fundraising size or pricing has been disclosed yet. The company is also noted as formerly known as Oracle Credit Limited.
This indicates the company is preparing to raise fresh capital from institutional investors, which may lead to dilution for existing shareholders if the QIP is approved and executed. Shareholders should watch for the EGM date, the size of the proposed issue, and the issue price, as these will determine the actual impact on their stake and the stock.