Please find attached copy of postal ballot notice seeking approval of the members by way of remote e-voting.
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Awaiting price reaction for this filing.
Supra Pacific Financial Services Ltd is seeking shareholder approval via postal ballot to issue 33,27,778 equity shares on a preferential basis at ₹30.05 per share (face value ₹10, premium ₹20.05), raising approximately ₹10 crore. Allottees include two promoters — Managing Director Joby George (12,04,658 shares) and Non-Executive Director Thonnangamath Babu Sandeep (1,66,389 shares) — along with 11 public allottees, with Thomas Philip getting the largest public allocation of 16,63,893 shares. Promoter holding will rise from 22.97% to 24.79% post-issue, and there is no change in control. The proceeds are intended for working capital and business expansion, including loan disbursements. E-voting runs from April 11, 2025 to May 10, 2025.
This is a small (~₹10 crore) equity dilution with promoter participation showing some confidence, but the modest size and preferential nature mean limited impact on share price. Existing public shareholders will see their stake slightly diluted (from 77.03% to 75.21%).