In compliance with Regulation 30 of the SEBI (LODR) Regulations,2015 We wish to inform you that the meeting board of director of Minolta Finance Ltd held on Friday October 31,2025.
Awaiting price reaction for this filing.
Minolta Finance's Board met on October 31, 2025 and approved three key items. First, the Board approved appointing a Monitoring Agency for the company's upcoming Rights Issue to track how the money raised is used. Second, the Board decided that all the net money raised from the Rights Issue, after covering issue expenses, will go entirely towards the company's working capital needs for its NBFC (loan and financing) business. Third, the Board approved certain Related Party Transactions and agreed to send a notice to shareholders to seek their approval through a General Meeting or Postal Ballot. The size of the Rights Issue and details of the Related Party Transactions were not disclosed in this filing.
Shareholders will soon be asked to vote on certain Related Party Transactions, so investor attention should focus on the upcoming Postal Ballot or General Meeting notice. The Rights Issue will dilute existing shareholders, but management has committed proceeds entirely to growing its NBFC lending business, which is the company's core activity.