StockWatch
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Non Banking Financial Company (NBFC)
Corporate Action1 Jul 2026, 04:16 pm

Fynx Capital Increases Authorized Capital to ₹1050 Crores

AI Summary

Fynx Capital Limited (formerly Rajath Finance Limited) announced an increase in its authorized share capital from ₹25 Crores to ₹1050 Crores. This significant capital expansion was approved by shareholders through electronic voting and ballots at an Extraordinary General Meeting (EOGM) held on June 20, 2026. The amendment to Clause V of the Memorandum of Association, pertaining to the company's share capital, has been completed. This move is expected to facilitate future growth and strategic initiatives for the company.

Key Highlights

  • Authorized share capital increased from ₹25 Cr to ₹1050 Cr.
  • Shareholder approval obtained via e-voting and ballots at EOGM.
  • Memorandum of Association amended to reflect capital increase.
  • Company formerly known as Rajath Finance Limited.
  • Facilitates future growth and strategic opportunities.