The proceedings of the EGM held on Tuesday, 15th July, 2025 at 11:30 A.M. are attached herewith.
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Fundviser Capital held an EGM on 15th July 2025 where shareholders approved four key resolutions. The authorized share capital was increased from Rs. 10 crore to Rs. 12.5 crore (from 1 crore to 1.25 crore equity shares of Rs. 10 each). Shareholders also approved issuing up to 64.85 lakh convertible warrants at Rs. 116 each (Rs. 10 face value + Rs. 106 premium), aggregating to about Rs. 75.22 crore, to promoters/promoter group and strategic investors on a preferential basis. Additionally, Mrs. Kriti Jain was appointed as Whole Time Director (Executive Director) with remuneration, and Mr. Prem Krishan Jain's designation was changed from Whole Time Director to Managing Director.
The preferential warrant issue of Rs. 75.22 crore signals a major fundraising effort likely to dilute existing shareholders once warrants are converted. The management reshuffle confirms promoter consolidation at the leadership level, which may reassure investors about continuity.