F Mec International Financial Services Ltd. Announces Stock Split, Bonus Issue, and Fundraising Plans in Post-Board Meeting Update
F Mec International Financial Services Ltd. held a Board Meeting on April 08, 2026, and approved several key decisions. The company has proposed a sub-division of one equity share of face value ₹ 10/- into five equity shares of face value ₹ 2/- each. Additionally, the company approved a bonus issue of one bonus Equity Share for every ten Equity Shares held by the shareholders. The board also approved a proposal to raise funds by issuing Secured Unlisted Non-Convertible Debentures on a private placement basis. Furthermore, the board approved the change in designation of Mr. Kabeer Choudhary as an Executive Director and the appointment of Mitcon Credentia Trusteeship Services Limited as the Debenture Trustee. The company will hold an Extraordinary General Meeting on May 04, 2026, to seek necessary approvals from the members.
Key Highlights
- Stock split of one equity share into five equity shares of lower face value.
- Bonus issue of one bonus Equity Share for every ten Equity Shares held.
- Proposal to raise funds through Secured Unlisted Non-Convertible Debentures.
- Change in designation of Mr. Kabeer Choudhary as an Executive Director.
- Appointment of Mitcon Credentia Trusteeship Services Limited as the Debenture Trustee.