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Fundviser Capital (India) Ltd has called an Extra Ordinary General Meeting (EGM) on Tuesday, 15th July 2025 at 11:30 AM via video conferencing. Shareholders will consider four resolutions: (1) increasing authorized share capital from Rs. 10 Crores to Rs. 12.5 Crores (from 1 Crore to 1.25 Crore equity shares of Rs. 10 each); (2) issuing up to 64,85,000 convertible warrants on a preferential basis at Rs. 116 each (Rs. 10 face value + Rs. 106 premium), aggregating to Rs. 75.22 Crores, to promoter group entities and non-promoter strategic investors including FPIs and NRIs; (3) appointing Mrs. Kriti Jain as Whole Time Director for 3 years (till 31 March 2028) at Rs. 50,000/month; and (4) redesignating Mr. Prem Krishan Jain from Whole Time Director to Managing Director with a token remuneration of Re. 1 per annum. Each warrant must be converted within 18 months, with 25% payable upfront and 75% on conversion.
The proposed preferential warrant issue of ~Rs. 75 Crores is a sizeable fundraise that could lead to meaningful equity dilution upon conversion, while also bringing in foreign portfolio investors and strategic investors. Existing shareholders should review the preferential allottee list and pricing terms before exercising their e-voting rights (cut-off date: 8th July 2025).