Board Meeting8 Oct 2026, 05:50 pm
Minolta Finance Board Meeting Oct 13 to Approve Subsidiary, Reclassification
AI Summary
Minolta Finance Ltd has announced a Board of Directors meeting scheduled for October 13, 2026. The primary agenda items include the consideration and approval for the incorporation of a wholly-owned subsidiary, Wagad Housing Finance Private Limited, with an authorized share capital of ₹10,00,000. Additionally, the board will review and approve a request for reclassification of certain members from the Promoter and Promoter Group category to the Public category, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification is subject to necessary approvals from stock exchanges and regulatory authorities.
Key Highlights
- Board meeting scheduled for October 13, 2026.
- Proposal to incorporate a 100% wholly-owned subsidiary.
- Subsidiary proposed to be named Wagad Housing Finance Private Limited.
- Consideration of promoter reclassification to public category.
- Reclassification subject to regulatory and stock exchange approvals.
Price Impact
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