StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting27 Mar 2026, 04:25 pm

Arco Leasing Ltd Issues Corrigendum to EGM Notice: Changes in Objects of the Issue and Allottee Status

AI Summary

Arco Leasing Limited has issued a corrigendum to the Extra-Ordinary General Meeting (EGM) Notice dated March 13, 2026. The corrigendum brings to the notice of the shareholders changes in the explanatory statements of item 6, specifically points 2 titled 'Objects of the Issue' and 21 titled 'Current and proposed Status of the Proposed Allottee post preferential issue'. The changes are in effect for the EGM to be held on April 13, 2026. The corrigendum also mentions the utilization of funds, with ₹ 1016.35 Lakh proposed to be invested in its Wholly Owned Subsidiary, Ansu Trade & Fiscals Private Limited, to meet RBI Net Owned Fund Requirements and Business Operations. The balance amount will be utilized for administrative purposes.

Key Highlights

  • Arco Leasing Ltd issues corrigendum to EGM Notice
  • Changes in Objects of the Issue and Allottee Status
  • ₹ 1016.35 Lakh proposed for Wholly Owned Subsidiary
  • Funds to meet RBI Net Owned Fund Requirements and Business Operations
  • ₹ 45.00 Lakh proposed for administrative purposes