
New Launch10 Mar 2026, 06:43 pm
RGF Capital Markets Ltd. Announces Increase in Authorized Capital, Share Purchase Agreement, and Warrant Issue
AI Summary
RGF Capital Markets Ltd. held a Board Meeting on 10th March, 2026, where several key decisions were made. The Board approved an increase in the company's authorized capital from 15,50,00,000 to 70,00,00,000. The Board also announced the execution of a Share Purchase Agreement between proposed acquirers and sellers for the acquisition of 3,74,69,556 equity shares, representing 24.98% of the existing share capital. Furthermore, the company plans to issue up to 50,00,00,000 equity warrants at ₹ 1/- per warrant on a preferential basis. These decisions are subject to shareholders' and other regulatory approvals, including the Reserve Bank of India for the acquisition of shares in the company, if any.
Key Highlights
- Increase in authorized capital from 15,50,00,000 to 70,00,00,000
- Execution of Share Purchase Agreement for acquisition of 24.98% stake
- Plan to issue up to 50,00,00,000 equity warrants at ₹ 1/- per warrant