TruCap Finance Limited has submitted the Exchange a copy Srutinizers report and Voting results of Extraordinary General Meeting held on June 25, 2025.
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TruCap Finance Limited has submitted the voting results and scrutinizer's report for its Extraordinary General Meeting (EGM) held on June 25, 2025. Six resolutions were put to vote and all were passed with overwhelming shareholder approval (over 99.9% in favour on each). Key resolutions include: (1) Increase in authorised share capital, (2) Cancellation of DFL ESOPs Scheme 2021, (3) Cancellation of TruCap Employee Retention Plan, (4) Availing a loan of up to ₹20 crores from NM Family Investment Trust, (5) Issuance of equity shares on a preferential basis, and (6) Issuance of convertible warrants on a preferential basis. The scrutinizer was M/s. Mayank Arora & Co., Practicing Company Secretaries.
Shareholders have approved a capital restructuring that includes cancelling existing ESOP/retention plans while enabling fresh capital raising through preferential share and warrant issuance, plus a related-party loan of up to ₹20 crore. The near-unanimous approval suggests strong promoter/management support, but the preferential allotments and warrant issuances could lead to equity dilution for existing retail shareholders once executed.