The Board has approved and recommended to the shareholders the proposal to increase in Authorized Share capital of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Helpage Finlease Ltd, a Delhi-based NBFC, held a board meeting on 26 May 2025 where directors approved audited standalone results for Q4 and FY25 with an unmodified auditor opinion. The Board recommended increasing Authorized Share Capital from Rs. 11 crore to Rs. 50 crore (split into 5 crore equity shares of Rs. 10 each), subject to shareholder approval. Additionally, the Board approved a plan to raise up to Rs. 200 crore in one or more tranches through various SEBI-permitted routes, also pending shareholder and regulatory approvals. The company also appointed M/s JPKR & Company as Internal Auditor for FY26 and CS Divya Rani as Secretarial Auditor for five consecutive years from FY26.
For existing shareholders, the sharp jump in authorized capital ceiling and the proposed Rs. 200 crore capital raise indicate potential dilution in the future, pending shareholder approval. On the positive side, the company reported a higher profit before tax of Rs. 2.07 crore in FY25 versus Rs. 1.20 crore in FY24, suggesting the fund raise could support further business growth in lending activities.