Board Meeting5 Oct 2026, 09:40 pm
Pro Fin Capital Services Board 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, subject to shareholder approval via EGM, aims to facilitate the issuance of up to 33,00,00,000 convertible equity share warrants at ₹2.80 each, aggregating up to ₹92,40,00,000. The warrants will be issued on a preferential basis. The Board also approved the notice for an Extraordinary General Meeting (EGM) to seek shareholder consent for these proposals and appointed a scrutinizer for remote e-voting.
Key Highlights
- Authorized share capital increased from ₹65 Cr to ₹94 Cr.
- Approval for issuing 33 Cr convertible warrants at ₹2.80 each.
- Total fundraising via warrants could reach ₹92.40 Cr.
- Shareholder approval required via EGM for both proposals.
- Scrutinizer appointed for EGM remote e-voting.
Price Impact
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