Board Meeting24 Aug 2026, 07:21 pm
Minolta Finance Approves 40 Cr Equity Allotment, Appoints New CS
AI Summary
Minolta Finance Ltd held a Board Meeting on August 24, 2026, approving the allotment of 40 crore fully paid-up rights equity shares at ₹1.20 per share. The company will also apply to stock exchanges for listing and trading approval of these shares. Additionally, the board approved the resignation of Mrs. Shefali Gupta as Company Secretary and Compliance Officer, effective August 31, 2026, and the appointment of Mr. Gaurav Khandelwal to the same roles, effective September 01, 2026. The meeting commenced at 6:00 PM and concluded at 7:00 PM.
Key Highlights
- Allotment of 40 crore equity shares approved.
- Application to stock exchanges for listing to be submitted.
- Resignation of Mrs. Shefali Gupta accepted.
- Mr. Gaurav Khandelwal appointed as new Company Secretary.
- Rights issue price set at ₹1.20 per share.
Price Impact
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