FynX Capital EGM Seeks Share Capital Increase, RPT Approvals
Preferential Issue / QIP / FPO / OFS
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
5th Jun 2026
Key Quantitative Figures
- Current Authorised Share Capital: ₹25,00,00,000 (25 crore equity shares of ₹1 each)
- Proposed Authorised Share Capital: ₹1,05,00,00,000 (105 crore equity shares of ₹1 each)
- Increase Amount: ₹80,00,00,000 (80 crore new shares)
- Current Paid-up Capital: ₹20,00,00,000
- Related Party Transaction 1 Value: ₹45,00,000 (Parshwashanti Buildinfra)
- Related Party Transaction 2 Value: ₹5,00,00,000 (Billmart Fintech)
- Total RPT Value: ₹5,45,00,000
- RPT 1 as % of FY25 Turnover: 8.89%
- RPT 2 as % of FY25 Turnover: 98.88%
Dates of Action
- EGM Date: Monday, June 29, 2026
- EGM Time: 11:00 AM IST
- EGM Venue: Registered Office at Office No. 1001, Tenth Floor, K.P. Aurum Building, CTS No. 426A, Marol Maroshi Road, Andheri (E), Mumbai - 400059
- Remote E-voting Period: June 25, 2026 (9:00 AM) to June 28, 2026 (5:00 PM)
- Cut-off Date for E-voting: June 22, 2026
- Cut-off Date for Notice Receipt: May 29, 2026
- Board Meeting Date: May 28, 2026
- Lease Agreement Effective Date: May 01, 2026
Parties Involved
- Listed Entity: FynX Capital Limited (CIN: L65910MH1984PLC419700)
- Related Party 1: Parshwashanti Buildinfra Projects Private Limited
- Related Party 2: Billmart Fintech Private Limited
- Common Director: Mr. Gautam Kirtikumar Shah (interested in both RPTs)
- Additional Director: Mr. Ashok Kumar Mittal (interested in Billmart RPT)
- Registrar & Transfer Agent: MUFG Intime India Private Limited
- Scrutinizer: M/s. PHD & Associates
- Stock Exchange: BSE Limited
- Regulatory Reference: SEBI Listing Regulations, Regulation 30, Regulation 23, Section 188 of Companies Act, 2013
Business Items to be Transacted
Item 1: Approval of Related Party Transaction with Parshwashanti Buildinfra Projects Private Limited
- Nature: Rent charges for use of office premises as Registered Office
- Transaction Type: Leave and License Agreement
- Value: ₹45,00,000 (including security deposit of ₹8,91,000)
- Tenure: 1 year (11 months in FY2026-27, 1 month in FY2027-28)
- Relationship: Common Director - Mr. Gautam Kirtikumar Shah
- Basis: Not at arm's length, ordinary course of business
- Percentage of FY25 Turnover: 8.89%
- Rationale: Business continuity, price below market rate
- Approval Required: Ordinary Resolution
Item 2: Approval of Related Party Transaction with Billmart Fintech Private Limited
- Nature: Availing services for technology and commercial transactions
- Transaction Type: Service agreement
- Value: ₹5,00,00,000 (₹4,00,00,000 in FY2026-27, ₹1,00,00,000 in FY2027-28)
- Tenure: 1 year (9 months in FY2026-27, 3 months in FY2027-28)
- Relationship: Common Directors - Mr. Gautam Kirtikumar Shah and Mr. Ashok Kumar Mittal
- Basis: Arm's length, ordinary course of business
- Percentage of FY25 Turnover: 98.88%
- Rationale: Business enhancement through Billmart's platform
- Approval Required: Ordinary Resolution
Item 3: Increase Authorised Share Capital and Alteration of MOA
- Current Capital: ₹25,00,00,000 divided into 25,00,00,000 equity shares of ₹1 each
- Proposed Capital: ₹1,05,00,00,000 divided into 1,05,00,00,000 equity shares of ₹1 each
- Increase: ₹80,00,00,000 (80 crore new shares)
- Ranking: New shares will rank pari-passu with existing shares
- Rationale: Support growth plans and general corporate purposes
- MOA Amendment: Clause V to be replaced with new capital clause
- Approval Required: Ordinary Resolution
Voting and Shareholder Information
- E-voting Provider: MUFG Intime India Private Limited (Instavote platform)
- Voting Methods: Remote e-voting and ballot/polling at meeting
- Proxy Rules: Proxy need not be member; maximum 50 proxies per person holding ≤10% capital
- Document Availability: Notice available on company website (www.fynxcapital.com) and BSE website
- Inspection: Documents open for inspection at registered office during business hours
- Result Declaration: Within 2 working days after EGM on company and RTA websites
Financial and Operational Impact
- Capital Structure Impact: Potential dilution from future issuance of up to 80 crore new shares
- Cash Flow Impact: Outflow of ₹5.45 crore for related party transactions over one year
- Business Impact: Registered office continuity and technology services for business enhancement
Additional Information
- Company Contact: compliance@fynxcapital.com, +91 8655900272/275
- RTA Contact: enotices@in.mpms.mufg.com
- Historical Name: Formerly known as Rajath Finance Limited
- Industry: Financial services (formerly finance company)