
Rights Issue24 Aug 2026, 07:10 pm
Minolta Finance Allots 40 Cr Rights Shares at ₹1.20 Each
AI Summary
Minolta Finance Ltd announced the approval of the allotment of 40,00,00,000 fully paid-up rights equity shares. These shares, with a face value of Re. 1/- each, were issued at a price of Rs. 1.20/- per share, including a premium of Rs. 0.20/-. The company also approved the submission of an application to stock exchanges for listing and trading approval of these shares. Additionally, the board accepted the resignation of Mrs. Shefali Gupta as Company Secretary and Compliance Officer, effective August 31, 2026, and approved the appointment of Mr. Gaurav Khandelwal to the same roles from September 01, 2026.
Key Highlights
- Approved allotment of 40 crore rights equity shares at ₹1.20 each.
- Rights issue includes a premium of ₹0.20 per share.
- Seeking listing and trading approval for the allotted shares.
- Company Secretary & Compliance Officer resigns, new one appointed.
- Board meeting held on August 24, 2026.
Price Impact
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