Shri Niwas Leasing And Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2025 ,inter alia, to consider and approve Increase in ....
Awaiting price reaction for this filing.
Shri Niwas Leasing And Finance Ltd has informed BSE that its Board of Directors will meet on August 6, 2025, in New Delhi. The main items on the agenda are: (1) increasing the company's Authorized Share Capital and amending Clause V of the Memorandum of Association accordingly, and (2) approving the conversion of an outstanding loan into equity shares, to be done in one or more tranches under Section 62(3) of the Companies Act, 2013. Both proposals are subject to approval from shareholders and the stock exchanges. As per insider trading rules, the trading window for promoters, directors, KMPs and designated persons has been closed from August 2, 2025 until 48 hours after the board meeting concludes.
The loan-to-equity conversion is potentially dilutive for existing shareholders, as new equity shares will be issued to lenders. An increase in authorized share capital signals room for future fund-raising, though no specific fundraising plan has been disclosed yet. The stock is likely to be in a quiet period until after August 6, 2025.