Minolta Finance Board Approves Subsidiary, Promoter Reclassification

Minolta Finance Limited's Board of Directors, in a meeting held on October 13, 2026, approved the incorporation of a wholly-owned subsidiary, 'Wagad Housing Finance Private Limited', with an authorized share capital of ₹10,00,000. The Board also approved the reclassification of Mr. Rajiv S. Kothari and Mrs. Malti S. Kothari from the Promoter category to the Public category, subject to regulatory approvals. Mr. Kothari holds 30,000 shares (0.03%) and Mrs. Kothari holds 15,000 shares (0.015%) in the company.