Intimation regarding investment in shares of Radiant Financial Services Limited, CSE Listed Company
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P. B. Films Limited has partially converted its previously subscribed warrants in Radiant Financial Services Limited (a Kolkata-based RBI-registered NBFC listed on CSE) into equity shares. The company was allotted 2,60,000 equity shares at ₹12 per share, amounting to a total consideration of ₹31,20,000, after paying the balance 75% of the warrant exercise price. This acquisition gives P. B. Films a 3.63% stake in Radiant Financial Services Limited. The transaction is not a related party deal and is purely a cash consideration. Radiant Financial Services reported a turnover of ₹86.47 lakhs in FY24-25, up from ₹60.14 lakhs in FY23-24.
P. B. Films is making a strategic investment in an NBFC, and the 3.63% stake puts the company near the 5% SEBI disclosure threshold for creeping acquisition, meaning further purchases could trigger additional compliance requirements. For shareholders, this is a deployment of company funds into financial securities, with no control over Radiant's management.