Kapil Raj Finance to acquire 90% of Henyo Pack via share swap

Kapil Raj Finance Limited's Board of Directors approved the acquisition of 90% of Henyo Pack Limited through a share swap agreement. To facilitate this, the company will issue up to 26.55 crore fully paid-up equity shares at ₹2.24 each on a preferential basis to Henyo Pack shareholders. Additionally, the Board approved a preferential issue of 66.98 lakh equity shares for cash to non-promoter public category. Other key approvals included the adoption of a new Memorandum of Association, an increase in authorized share capital, alteration of the object clause, and a change in the company's name. The Board also noted the resignation of Ms. Santosh Rani as Whole-time Director and approved the appointment of new Secretarial and Statutory Auditors.