Board Meeting10 Jul 2026, 05:20 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 the Director's report for FY26. Key decisions include increasing the authorized share capital from ₹5.50 crore to ₹10 crore and approving a preferential issue of up to 60,00,000 warrants convertible into equity shares at ₹11 per warrant to non-promoters, subject to shareholder and regulatory approvals. The board also fixed the date and time for the 34th Annual General Meeting (AGM) and appointed M/s C Gaur and Associates as the scrutinizer for e-voting. The total issue size for the preferential issue is approximately ₹6.60 crore.

Key Highlights

Board approved increase in authorized share capital to ₹10 crore.
Approved preferential issue of 60 lakh warrants at ₹11 each.
Total preferential issue size estimated at ₹6.60 crore.
AGM date and e-voting scrutinizer appointed.
Shareholder and regulatory approvals are pending.

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KINETRU

Non Banking Financial Company (NBFC)

KINETIC TRUST LTD.

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