Intimation of Notice of Postal Ballot
Awaiting price reaction for this filing.
Capfin India Limited has sent a Postal Ballot Notice to shareholders seeking approval for two key resolutions via remote e-voting (Feb 21 to March 22, 2026). The first is an Ordinary Resolution to increase authorised share capital from Rs. 4 crore (40 lakh shares of Rs. 10) to Rs. 10 crore (1 crore shares of Rs. 10), enabling the preferential issue. The second is a Special Resolution to issue 16,10,000 equity shares on a private placement/preferential basis at Rs. 32.88 per share (including Rs. 22.88 premium), aggregating Rs. 5.29 crore. The shares will be allotted to 5 allottees, with Abhishek Narbaria and Umesh Kumar Sahay receiving 6,45,000 shares each (35.56% post-allotment stake each), and the remaining 3,20,000 shares going to two institutional investors and one individual. Results will be announced on or before March 24, 2026. The company stated it has limited active income streams and needs the funds to meet compliance and operational requirements.
Existing shareholders will face meaningful dilution as the preferential issue represents a significant chunk of the expanded capital base. The two largest allottees will each end up with over a third of the company post-allotment, indicating a likely shift in promoter/control dynamics. The Rs. 5.29 crore capital infusion addresses short-term funding needs but small float and concentrated new ownership could weigh on share price and liquidity.