Quarterly Result8 April 2026 at 12:21 pm
F Mec International Financial Services Ltd Announces Stock Split, Bonus Issue, and Fundraising Plans
AI Summary
F Mec International Financial Services Ltd announced that its Board of Directors approved a stock split, bonus issue, and fundraising plans during their meeting on April 08, 2026. The company will sub-divide one equity share of ₹ 10/- each into 5 equity shares of ₹ 2/- each, issue bonus equity shares in the ratio of 1:10, and raise funds by issuing Secured Unlisted Non-Convertible Debentures on a private placement basis. The board also approved changes in designations and appointments. These proposals will be subject to approval by shareholders in an Extraordinary General Meeting.
Key Highlights
- The company approved a stock split of 1 equity share into 5 equity shares of a lower face value.
- A bonus issue of 1 bonus Equity Share for every 10 Equity Shares held by shareholders was also approved.
- The board decided to raise funds by issuing Secured Unlisted Non-Convertible Debentures on a private placement basis.
- Changes in designations and appointments were approved, including the appointment of Mr. Kabeer Choudhary as an Executive Director and Mitcon Credentia Trusteeship Services Limited as the Debenture Trustee.
- The company will hold an Extraordinary General Meeting to seek necessary approval from members for these proposals.