Notice is hereby given that 34th Annual General Meeting of the Company is to be held on Friday, 07th August, 2026, at 01:00 P.M. (IST) at Flat No. 4, 1st Floor, Khurana Complex, Kochar ....
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Kinetic Trust Limited has called its 34th Annual General Meeting on Friday, August 7, 2026, at 1:00 PM in Ludhiana, Punjab. The ordinary business includes adopting audited financial statements for FY ended March 31, 2026 and reappointing Mr. Rajesh Arora (DIN: 00662396) as director, who retires by rotation. Special business includes regularizing Mr. Sumit Kumar Jha (DIN: 10547500) as a Non-Executive Independent Director for a 5-year term. The company is also proposing to increase its authorized share capital from ₹5.50 crore to ₹10 crore to meet RBI capital requirements for NBFCs. Additionally, it seeks approval to issue up to 60 lakh convertible warrants at ₹11 each to 10 named non-promoter allottees, potentially raising ₹6.6 crore on a preferential basis.
The proposed authorized capital hike and preferential warrant issue will lead to equity dilution for existing shareholders once warrants are exercised. The fund raise is aimed at meeting RBI capital adequacy norms for NBFCs, which may strengthen the company's lending capacity but signals the need for fresh capital infusion.