Board Meeting13 Nov 2026, 08:23 pm
Kumbhat Financial Services approves preferential issue of ₹4.5 Cr
AI Summary
Kumbhat Financial Services Ltd announced that its Board of Directors, in a meeting held on November 13, 2026, approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the Board approved a preferential issue of up to 26,11,724 equity shares at ₹17.23 per share to the promoter, Sanjay Kumbhat, aggregating up to ₹4,50,00,005 (₹4.50 Crore). This issuance is subject to shareholder and regulatory approvals. The company also announced the convening of an Extraordinary General Meeting (EGM) on December 10, 2026, to seek shareholder approval for the preferential issue. Mr. Jagdish P Mundhara has been appointed as the scrutinizer for the EGM.
Key Highlights
- Board approved Q2 FY27 unaudited financial results.
- Approved preferential issue of ₹4.50 Crore to promoter.
- EGM scheduled for December 10, 2026, for shareholder approval.
- Promoter's shareholding to increase significantly post-issue.
- Appointment of scrutinizer for EGM voting process.
Price Impact
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