Kapil Raj Finance Board approves Henyo acquisition & 2 preferential issues

Kapil Raj Finance Limited's Board of Directors approved the acquisition of 90% of Henyo Pack Limited's share capital. This acquisition will be executed through a share swap, involving the issuance of 26.55 crore equity shares at ₹2.24 each on a preferential basis to Henyo's shareholders. Additionally, the Board approved another preferential issue of 66.98 lakh equity shares for cash to non-promoter public category. Other key approvals include increasing the authorized share capital, adopting a new Memorandum of Association, altering the object clause, and changing the company's name. The Board also noted the resignation of a Whole-time Director and Secretarial Auditors, and approved new auditor appointments.