BSEPANKAJ POLYMERS LTD.MediumNeutral
Announced Fri, 24 Jul · 18:08 IST

Board approves auditor change, 25 cr capital raise, name change to fintech

Auditor Resigned MidtermManagement Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
1-day move
₹90.72
prior close
₹95.25
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AI summary

Board approved: new auditor Shilpi Sharma & Co replacing resigned Luharuka & Associates; 8.55 lakh equity shares to non-promoters at ₹81 (₹6.93 crore); 22.2 lakh convertible warrants at ₹81 (₹17.98 crore); name change to Rupia Tech/Fin/Fintech Limited; pivot from polymers to fintech (digital payments, BBPS); registered office shift from Telangana to Delhi. EGM on August 22, 2026.

Likely market impact

Major capital raise via preferential issue, name change and business pivot from polymers to fintech. Possible dilution for existing shareholders. Subject to EGM approval on August 22.