Proceeding of Extra-Ordinary General Meeting (EGM) of Superior Finlease Limited held on Wednesday, March 18, 2026.
Price
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Superior Finlease Limited held its Extraordinary General Meeting on March 18, 2026 via video conferencing, from 3:30 PM to 4:00 PM, chaired by Mr. Vaibhav Vashist. Two special resolutions were transacted. First, shareholders approved an increase in the company's Authorized Share Capital from Rs. 5.5 crore (5.5 crore equity shares of Rs. 1 each) to Rs. 10 crore (10 crore equity shares of Rs. 1 each), along with a consequent amendment to the Memorandum of Association. Second, shareholders approved the issue of up to 11,64,159 equity shares on a preferential basis to non-promoter category persons at Rs. 5 per share (including a Rs. 4 premium), aggregating up to Rs. 58,20,795. The 'Relevant Date' for pricing was set as February 17, 2026.
Existing shareholders will face dilution as the company expands its share base through a preferential allotment to non-promoters, raising a modest amount of about Rs. 58.2 lakh. The increase in authorized capital provides headroom for future fundraising, signaling potential further dilution if more shares are issued later.