Kanungo Financiers to hold EGM for share capital hike and acquisition

Kanungo Financiers Limited has announced an Extra-Ordinary General Meeting (EGM) to be held on August 21, 2026, via Video Conferencing. The primary agenda items include a significant increase in the company's authorized share capital from ₹5.24 Crores to ₹50 Crores. Additionally, the EGM will seek member approval for the acquisition of 11,18,150 equity shares in M/s. Startech Infralogistics Private Limited (SIPL) for a total consideration of ₹42.49 Crores, representing a 19.50% stake. The company is also seeking authorization for the Board of Directors to execute necessary actions for these proposals.