TruCap Finance Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on June 25, 2025.
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TruCap Finance Limited held its Extraordinary General Meeting (EGM) on June 25, 2025, via video conferencing from 3:00 PM to 3:31 PM IST, with Mr. Rajiv Kapoor as Chairperson. Six special business items were transacted: increase in authorized share capital with related amendment to the Capital Clause of the MOA, cancellation and termination of the DFL ESOP Scheme 2021, cancellation and termination of the TruCap Employee Retention Plan, availing a loan of up to Rs. 20 crores from NM Family Investment Trust, issuance of equity shares on a preferential basis, and issuance of convertible warrants on a preferential basis. Two corrigendums (June 20 and June 24, 2025) were issued to enhance disclosures on use of proceeds (±10% permissible deviation), emerging share capital computation, shareholding pattern, post-issue shareholding, valuation reports, and open offer acquisition details. Remote e-voting ran from June 22 to June 24, 2025, and the combined voting results along with the Scrutinizer's Report (M/s. Mayank Arora & Co.) will be filed with the stock exchanges within two working days.
Shareholders should track the forthcoming voting results, as the preferential equity/warrant issuance, the Rs. 20 crore related-party loan, and capital structure changes could influence shareholding dilution and overall stock sentiment in the near term.