Revised outcome of Board Meeting held on May 29, 2026.
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Credent Global Finance Limited has submitted a corrected Board Meeting outcome after discovering clerical errors in the original filing. The Board approved audited standalone financial results showing total income of Rs. 4,413.78 Lakhs and net profit of Rs. 2,796.27 Lakhs for FY26, compared to Rs. 1,002.87 Lakhs and Rs. 216.53 Lakhs respectively in FY25. Consolidated net profit stood at Rs. 2,500.79 Lakhs versus a loss of Rs. 673.80 Lakhs in the prior year. The Board also approved issuing up to 76 lakh convertible warrants to promoter Mr. Aditya Vikram Kanoria at Rs. 30 per warrant, totaling Rs. 22.80 crore. Post-allotment, promoter holding will increase from 13.14% to 22.69%. The warrants are exercisable within 18 months and require shareholder approval. The company also confirmed full utilization of Rs. 30 crore raised via QIP in February 2026.
Strong financial growth in FY26 reflects successful scaling of NBFC operations. The preferential warrant issuance to the promoter increases his stake significantly, which could be viewed positively or as dilutive for minority shareholders pending EGM approval. The corrected filing indicates internal controls need improvement.