MINOLTA FINANCE LTD.

Minolta Finance Ltd announced today, June 30, 2026, that its Board of Directors has approved a Rights Issue of Equity Shares. The issue aims to raise up to ₹48 crore by offering 40,00,00,000 equity shares at a price of ₹1.20 each. Eligible shareholders will receive 4 rights equity shares for every 1 existing equity share held as of the record date, July 17, 2026. The full amount is payable on application. The Rights Issue will open on August 1, 2026, and the last date for market renunciation is August 10, 2026. This move is subject to necessary statutory and regulatory approvals.

Minolta Finance Ltd has announced the postponement of its Board of Directors meeting, originally scheduled for June 27, 2026. The meeting has been rescheduled to June 30, 2026. The primary agenda items for the board meeting include the consideration and approval of a proposed Rights Issue. Key aspects of the Rights Issue to be discussed and approved are the revision of pricing for equity shares, terms of payment, rights entitlement ratio, revision of the record date, issue opening and closing dates, and the finalization of offer documents like the Letter of Offer, Abridged Letter of Offer, Composite Application Form, and Rights Entitlement Letter. The company will also seek approval for executing necessary agreements and regulatory filings related to the Rights Issue.

Minolta Finance Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure, effective from Wednesday, July 01, 2026, is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The trading window will reopen 48 hours after the conclusion of a forthcoming board meeting, the date of which will be communicated separately. This measure is intended to prevent potential insider trading and ensure fair market practices.

Minolta Finance Ltd has announced the withdrawal of its previously set record date of Tuesday, June 30, 2026, for its proposed Rights Issue. This decision is attributed to unforeseen circumstances and pending procedural formalities with the depositories. The company stated that the record date is cancelled with immediate effect. Minolta Finance will inform the stock exchange separately about the revised record date and any other terms related to the Rights Issue in due course, adhering to all applicable legal provisions.

Minolta Finance Ltd has announced that its Board of Directors will convene on June 27, 2026, via video conferencing. The primary agenda item is to consider and approve a proposed Rights Issue. This includes potential revisions to the pricing of equity shares, terms of payment, rights entitlement ratio, record date, and issue opening/closing dates. The board will also review and approve the Letter of Offer, Abridged Letter of Offer, Composite Application Form, and Rights Entitlement Letter, along with related agreements and regulatory filings.

Minolta Finance Ltd has filed revised financial results for the fiscal year ended March 31, 2026, following a board meeting on May 26, 2026. The filing includes a statement on the impact of audit qualifications. The independent auditor, M/s JCR & Co. LLP, issued a qualified opinion due to several discrepancies, including a reclassification of a loan account without actual recovery, understated interest expenses on multiple loan accounts, and a lack of ownership documentation for significant investments. These issues collectively led to an understatement of provisions and finance costs.

Minolta Finance Ltd has received in-principle approval from the Calcutta Stock Exchange (CSE) for its proposed rights issue of equity shares. The approval, dated June 15, 2026, is subject to the company fulfilling various listing and statutory formalities. These include submitting a listing application, paying listing fees, complying with SEBI LODR regulations, Companies Act, 2013, and other applicable laws. The company must also update its website with financial data and shareholding patterns and ensure dematerialization agreements are in place. CSE reserves the right to withdraw the approval if information provided is found to be incorrect or misleading.

Minolta Finance Ltd announced that its promoters and persons acting in concert (PAC) have submitted a declaration confirming no encumbrances on their shares for the financial year ended March 31, 2026. This declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Mr. Pramod Kumar Srivastva, representing Sugam Commercial Private Limited and other promoter group members, submitted the disclosure. The company has taken this declaration on record.

Minolta Finance Ltd's board of directors approved a rights issue of 45,00,00,000 equity shares at a price of ₹1.10 per share. The rights entitlement ratio is set at 4.5 new equity shares for every 1 existing share held. The record date for determining eligible shareholders is June 30, 2026, with full payment due on application.

Minolta Finance Ltd's board meeting on May 26, 2026, approved the appointment of Mrs. Forum Jigar Gada as Managing Director for a term of five years, subject to shareholder approval. Additionally, M/S TRS & CO. was reappointed as the Internal Auditor of the company. Mrs. Gada, a qualified Chartered Accountant with over a decade of experience, is not debarred from holding the office of Director. CA Tanvi Ronish Shah of TRS & Co. brings extensive experience in audit, taxation, and financial consultancy.