Geetanjali Credit plans ₹90 Cr Rights Issue, boosts capital

Geetanjali Credit and Capital Ltd's Board of Directors approved a significant increase in its Authorized Share Capital from ₹10 crore to ₹100 crore, subject to shareholder approval. The board also sanctioned a proposal to raise up to ₹90 crore through a rights issue of equity shares to eligible shareholders, with a committee authorized to finalize the terms. Additionally, Mr. Mukesh Gupta resigned as an Independent Director due to pre-occupancy, effective July 16, 2026. The company also scheduled its 36th Annual General Meeting for August 21, 2026, and approved the reconstitution of various Board committees.