Board Meeting10 Jul 2026, 05:00 pm

Kinetic Trust Board Approves Share Capital Increase & Preferential Issue

AI Summary

Kinetic Trust Ltd's board of directors met on July 10, 2026, approving an increase in authorized share capital from ₹5.50 crore to ₹10 crore. The company also greenlit a preferential issue of up to 60,00,000 warrants convertible into equity shares at ₹11 per warrant, targeting non-promoter category investors. This move is subject to shareholder and regulatory approvals. The board also finalized the date and notice for the 34th Annual General Meeting (AGM) and appointed M/s C Gaur and Associates as the scrutinizer for the e-voting process.

Key Highlights

Authorized share capital increased from ₹5.50 crore to ₹10 crore.
Preferential issue of 60 lakh warrants approved at ₹11 each.
Fundraising targets non-promoter category investors.
AGM date and notice finalized; scrutinizer appointed.
Approvals pending from shareholders and regulatory bodies.

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KINETRU

Non Banking Financial Company (NBFC)

KINETIC TRUST LTD.

Price Impact