Leading Leasing Finance And Investment Company Approves ₹149 Crore Preferential Issue

Board approved increasing authorised share capital from Rs 60 Cr to Rs 164 Cr, subject to shareholder approval. It also approved preferential issuance of 35.71 Cr equity shares at Rs 1.40 per share, worth Rs 50 Cr, to convert existing unsecured loans, and 70.94 Cr convertible warrants at Rs 1.40 each, representing potential cash proceeds of Rs 99.3 Cr. The transaction is a major shift from the company's historically small-scale, debt-funded NBFC profile. Loan conversion could reduce unsecured leverage, while warrant exercise may provide additional capital; both issuances require shareholder and regulatory or exchange approvals. Potential equity and warrant issuance would substantially expand the share base and create significant dilution for existing shareholders. Warrant conversion is optional over 18 months, leaving the final capital structure and cash inflow dependent on exercise by 51 proposed investors.