Credent Global Finance Limited has announced an Extraordinary General Meeting (EGM) scheduled for Monday, 06th July, 2026 at 03:30 PM IST to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

The primary agenda is to consider and approve the issuance of 76,00,000 (Seventy Six Lakh) convertible equity warrants on a preferential basis to Mr. Aditya Vikram Kanoria, who belongs to the Promoter/Promoter Group category of the Company.

Key Financial Details

  • Total Warrants: 76,00,000 warrants
  • Issue Price: ₹30 per warrant (₹2 face value + ₹28 premium)
  • Total Fund Raise: ₹22,80,00,000 (Twenty Two Crore Eighty Lakh)
  • Conversion Ratio: 1 equity share for each warrant
  • Conversion Period: 18 months from date of allotment
  • Payment Terms: 25% (₹7.50 per warrant) payable upfront at subscription, 75% (₹22.50 per warrant) payable upon conversion

Utilization of Proceeds

The funds raised will be utilized as follows:

  • ₹1710.00 lakh (75%) for deployment in business operations and growth of asset book through lending activities
  • ₹570.00 lakh (25%) for general corporate purposes

All funds are expected to be utilized within 12 months from receipt.

Shareholding Impact

  • Pre-issue promoter holding: 26.03% (1,59,97,745 shares)
  • Post-issue promoter holding (upon full conversion): 34.17% (2,35,97,745 shares)
  • Mr. Aditya Vikram Kanoria's individual holding will increase from 13.14% to 22.69%
  • Fully diluted paid-up capital will increase from 6,14,61,230 shares to 6,90,61,230 shares

Voting Arrangements

  • Cut-off date for eligibility: 29th June, 2026
  • Remote e-voting period: 03rd July (9:00 AM) to 05th July (5:00 PM) 2026
  • Scrutinizer: Mr. Sumit Bajaj of Sumit Bajaj & Associates
  • Results declaration: Within 2 days of EGM conclusion

Corporate Governance Disclosures

  • The Company, its promoters and directors are not wilful defaulters or fraudulent borrowers
  • No outstanding dues to SEBI, stock exchanges or depositories
  • Minimum public shareholding of 25% will be maintained post-issue
  • All equity shares held by proposed allottee are in dematerialized form
  • No preferential allotment made during current financial year 2026-27

Additional Information

  • The EGM will be conducted virtually with no physical attendance
  • All relevant documents are available for inspection at registered office
  • Company registered office: Unit No. 1216, 12th Floor, C-Wing, One BKC, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
  • Company website: https://credentglobal.com
  • Compliance email: compliance@credentglobal.com