Pursuant to Regulation 30 of SEBI Listing Regulations - Notice of Postal Ballot for Luharuka Media & Infra Limited dated April 11, 2025.
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Awaiting price reaction for this filing.
The company has issued a postal ballot notice to shareholders for three special resolutions. First, to change the company's name from 'Luharuka Media & Infra Limited' to 'DhanSafal Finserve Limited', along with amendments to the Memorandum and Articles of Association; the company has already received RBI's no-objection certificate (April 2, 2025) and MCA's name availability confirmation (April 8, 2025). Second, to raise the borrowing limit to Rs. 300 crore under Section 180(1)(c) of the Companies Act, 2013. Third, to authorise the Board to raise funds up to Rs. 300 crore via private placement of securities such as non-convertible debentures, commercial paper and bonds. E-voting runs from April 16, 2025 (9:00 a.m.) to May 15, 2025 (5:00 p.m.), with results to be announced on or before May 19, 2025. The MD, Ankur Agrawal, has described the rebrand as a transition into a digital-first, technology-led financial services company.
Shareholders of record as on April 11, 2025 must cast their votes by May 15, 2025 through NSDL's e-voting platform. If approved, the company formally rebrands to DhanSafal Finserve Limited and gains the ability to take on up to Rs. 300 crore of borrowings and raise Rs. 300 crore via private placement, signalling an intent to scale in financial services; while this could support growth, it also introduces meaningful debt and dilution risk for existing holders.