Board Meeting30 May 2026, 05:51 pm
Credent Global Finance Revises Warrant Issue: ₹22.8 Cr
AI Summary
Credent Global Finance Ltd. revised the outcome of its Board Meeting held on May 29, 2026, to correct clerical errors related to the issuance of warrants convertible into equity shares on a preferential basis. The corrected details include the approval of audited standalone and consolidated financial results for the year ended March 31, 2026, and the issuance of up to 76,00,000 convertible equity warrants to a Promoter at ₹30 per warrant, aggregating to ₹22.8 Crore. The issuance is subject to shareholder and regulatory approvals.
Key Highlights
- Board approved audited financial results for the year ended March 31, 2026.
- 76,00,000 warrants to be issued to a Promoter on a preferential basis.
- Warrant issue price is ₹30 per warrant, totaling ₹22.8 Crore.
- Each warrant is convertible into one equity share.
- Issuance is subject to shareholder and regulatory approvals.
Price Impact
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