BSEKrishna Capital and Securities LtdMediumNeutral
Announced Sat, 25 Apr · 16:12 IST
EGM approves capital hike to ₹34 Cr, ₹30 Cr preferential issue and ₹500 Cr borrowing limit
Management Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Krishna Capital and Securities held an EGM on April 25, 2026 via video conferencing (11:30–11:45 AM). Shareholders approved: (1) increasing authorised share capital from ₹4 Cr to ₹34 Cr, (2) issuing 3 crore equity shares on a preferential basis, (3) regularising the appointment of Mr. Vinodkumar Bhanwer Singh (DIN: 10454743) as Executive Director, and (4) borrowing power up to ₹500 Cr under Section 180(1)(c) of the Companies Act, 2013. Voting results to be filed separately.
Likely market impact
Significant equity dilution likely from 3 Cr preferential shares. ₹500 Cr borrowing limit and 8.5x capital hike suggest major expansion or fund-raising plans.