Kapil Raj Finance to acquire 90% of Henyo; approves ₹2.24 preferential issue

Kapil Raj Finance Ltd's Board of Directors, in a meeting held on September 21, 2026, approved the acquisition of 90% of Henyo Pack Limited through a Share Swap Agreement. This involves issuing up to 26,54,87,700 fully paid-up equity shares at ₹2.24 each on a preferential basis to Henyo's shareholders. Additionally, the board approved issuing 66,98,000 equity shares on a preferential basis for cash to the non-promoter public category. Other key approvals include the adoption of a new Memorandum of Association (MOA), an increase in authorized share capital, alteration of the MOA's object clause, and a change in the company's name. The board also noted the resignation of a whole-time director and secretarial auditors, and approved new auditor appointments.