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Board approved conversion of a loan into equity shares; proposed Rs 50 Cr limits for investments, loans, guarantees and borrowings, alongside an increase in authorized share capital. The decisions indicate a capital restructuring and expanded financing capacity, with shareholder approval sought for the Rs 50 Cr investment and borrowing limits. Loan-conversion terms, issue price, dilution, lender identity and use of funds were not disclosed; related-party transaction details were also absent.
Decillion Finance Board Weighs Loan-To-Equity Conversion And Capital Increase
Decillion Finance Promoter Renu Goyal Sells 70,000 Shares