Manba Finance Board Approves ₹99.99 Cr Preferential Issue & Capital Hike

Manba Finance Ltd's Board of Directors, at its meeting on September 22, 2026, approved a preferential issue of fully convertible warrants and equity shares totaling up to ₹99.99 crore. This includes 5,000,013 equity shares at ₹135 each (₹67.50 crore) for the non-promoter/public category and 2,407,223 fully convertible warrants at ₹135 each (₹32.49 crore) for the promoter/promoter group. Each warrant allows subscription to one equity share within 18 months, with 25% payable upfront. The board also approved increasing the authorized share capital from ₹55 crore to ₹65 crore, subject to shareholder approval. The proceeds will be utilized to meet the company's funding requirements.