Kanungo Financiers Board Meeting on July 22 to Discuss Capital Increase & Acquisitions

Kanungo Financiers Ltd has announced a Board of Directors meeting scheduled for July 22, 2026. The agenda includes approving a proposal to increase the company's authorized capital. Additionally, the board will finalize decisions regarding the acquisition of equity shares in M/s. STARTECH INFRALOGISTICS PRIVATE LIMITED (SIPL) and M/s. PEEPAL MINING AND LOGISTICS PRIVATE LIMITED (PMLPL). This follows an initial approval on June 29, 2026, and will involve determining the number of shares, acquisition price, payment mode, and other terms, subject to valuation reports. The meeting will also consider a preferential issue of equity shares to SIPL and PMLPL shareholders as consideration for the acquisition, and a separate preferential issue for fundraising, both subject to shareholder approval. Records of valuation reports, due diligence, and secretarial audit reports will also be reviewed.