Board Meeting12 Nov 2026, 06:44 pm
Minolta Finance Board Approves Rights Issue Fund Utilization Statement
AI Summary
Minolta Finance Limited's Board of Directors, in a meeting held on November 5, 2026, approved the statement of deviation/variation in the utilization of funds raised through a Rights Issue. The company raised ₹48,00,00,000 (₹48 Crore) on July 30, 2026. The funds were primarily allocated to augmenting the company's capital base and expanding its NBFC financing business. The report for the quarter ended September 30, 2026, indicated no deviation or variation in the use of these funds.
Key Highlights
- Board approved statement of deviation/variation for rights issue funds.
- ₹48 Crore raised via Rights Issue on July 30, 2026.
- Funds utilized for augmenting capital base and NBFC business expansion.
- No deviation or variation reported for Q2 FY27.
- Monitoring agency is Acuite Ratings & Research Limited.
Price Impact
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