Board Meeting5 Oct 2026, 09:50 pm
Pro Fin Capital Services Approves Share Capital Increase & Warrant Issue
AI Summary
Pro Fin Capital Services Limited's Board of Directors met on October 5, 2026, approving a significant increase in authorized share capital from ₹65 Crores to ₹94 Crores. This move is subject to shareholder approval via an EGM. Additionally, the board greenlit the preferential issuance of up to 33,00,00,000 convertible equity share warrants at ₹2.80 each, aggregating ₹92,40,00,000. This issuance also requires shareholder approval through a Special Resolution at an EGM. The company also approved the draft notice for the EGM and appointed a scrutinizer for remote e-voting.
Key Highlights
- Authorized share capital increased from ₹65 Cr to ₹94 Cr.
- Approval for preferential issue of 33 Cr warrants at ₹2.80 each.
- Total value of warrant issue up to ₹92.40 Cr.
- Shareholder approval required for both capital increase and warrant issue.
- EGM notice approved, scrutinizer appointed.
Price Impact
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