Enclosed herewith is the outcome of the Board Meeting held on today, i.e., February 17, 2026
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Credent Global Finance Limited's board approved the opening of a Qualified Institutions Placement (QIP) of equity shares (face value ₹2 each) on February 17, 2026. The floor price has been fixed at ₹29.39 per share, calculated as per the SEBI ICDR pricing formula under Regulation 176(1), with the Relevant Date set as February 17, 2026. The company has clarified that it does not intend to offer any discount on the floor price to qualified institutional buyers. The preliminary placement document has been adopted and will be filed with BSE. The trading window for designated persons has been closed and will reopen 48 hours after the Issue Price is announced.
Existing shareholders may face equity dilution as new shares are being issued to institutional investors. The stock could see short-term pressure depending on how the Issue Price compares to the prevailing market price once the QIP is priced.