Enclosed herewith is the Outcome of Board Meeting held on October 10 , 2025
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The board of Credent Global Finance Ltd approved plans to raise up to ₹3,500 lakhs (₹35 crore) by issuing equity shares or equity-linked securities through a Qualified Institutions Placement (QIP), possibly in multiple tranches. The fund raise is subject to shareholder and regulatory approvals. The company also appointed M/s. Socradamus Capital Private Limited as the Book Running Lead Manager for the QIP issue. The board meeting was held at the registered office in Mumbai from 6:15 p.m. to 6:45 p.m. The company, formerly known as Oracle Credit Limited, is a non-banking finance company (NBFC) listed on BSE with Security ID 539598.
This is a dilution event — successful QIP execution will increase the share count and may weigh on short-term stock price, though the fresh capital could support business growth. Existing shareholders should watch for the actual pricing and timing of the QIP once shareholder approval is sought.