Board Meeting17 Jun 2026, 07:20 pm
RLF Ltd Board Approves Loan Conversion to Equity, New AOA
AI Summary
RLF Ltd's Board of Directors met on June 17, 2026, approving a significant resolution to convert outstanding unsecured loans from Managing Director Aditya Khanna and Director Ashish Khanna into equity shares. This conversion, amounting to up to ₹1.365 crore, will involve issuing 13,00,000 equity shares at ₹10.50 each, subject to shareholder and regulatory approvals. The board also approved adopting a new set of Articles of Association (AOA) as per the Companies Act, 2013, pending shareholder consent. Additionally, an Extra-Ordinary General Meeting (EGM) will be convened to discuss these matters, with Mr. Sumit Bajaj appointed as the scrutinizer for the e-voting process.
Key Highlights
- Loan of ₹1.365 Cr from MD & Director to be converted into equity.
- 13 Lakh equity shares to be issued on preferential basis.
- New Articles of Association to be adopted, subject to shareholder approval.
- EGM to be convened for shareholder approvals.
- Related party transaction involving promoter group and directors.
Price Impact
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