Notice of EGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.2 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RGF Capital Markets has called an EGM on April 9, 2026 to seek shareholder approval for three key items. First, the company proposes to increase its authorised share capital from Rs. 15.5 crore to Rs. 70 crore, creating 54.5 crore additional equity shares of Re. 1 each. Second, it plans to issue up to 50 crore fully convertible warrants on a preferential basis at Re. 1 per warrant, aggregating to Rs. 50 crore, to a mix of 12 proposed promoter/promoter-group entities and 5 non-promoter entities, with 25% upfront and 75% on conversion within 18 months. The proposed promoter group led by Nishad Jitendra Shah has signed a Share Purchase Agreement to acquire a 24.98% stake from existing promoters and has also triggered a mandatory open offer for an additional 39,00,6,240 equity shares. Third, two independent directors — Mrs. Basanti Roy and Mr. Sanjib Dutta — are being re-appointed for a second 5-year term.
This is a major change-in-control event combined with a Rs. 50 crore capital infusion. Existing shareholders should expect significant dilution if all warrants are converted, and a shift in the promoter group once the open offer and conversions are completed. The stock may see volatility around the EGM and the open offer window.