BSEPANKAJ POLYMERS LTD.MediumNeutral
Announced Fri, 24 Jul · 18:01 IST

Board approves auditor change, name change to fintech, Rs 25 crore preferential issue

Auditor Resigned MidtermManagement Changes View source PDF

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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 after Luharuka & Associates resigned (casual vacancy). 8.55 lakh equity shares to non-promoters at Rs 81 (Rs 6.93 crore). Plus 22.2 lakh warrants to promoter group and non-promoters at Rs 81 (Rs 17.98 crore total). Company may rename to Rupia Tech Limited or similar fintech name. Registered office shifting from Telangana to Delhi. Objects clause altered to add fintech, digital payments, BBPS, e-commerce, IT services. EGM on Aug 22, 2026.

Likely market impact

Major pivot to fintech via name change, object clause revision, and about Rs 25 crore capital raise. Expect dilution. Mid-term auditor change worth noting.