Minolta Finance Limited has received in-principle approval from The Calcutta Stock Exchange Limited (CSE) for its proposed rights issue of equity shares. The approval was granted vide reference number CSE/LD/18117/2026 dated 15th June, 2026.

Approval Details

The Calcutta Stock Exchange has permitted the company to use the exchange's name in the Letter of Offer as the stock exchange where the company's securities are proposed to be listed. However, the exchange explicitly disclaims:

  • Any warranty, certification or endorsement of the correctness or completeness of the Letter of Offer contents
  • Any warranty that the company's securities will be listed or will continue to be listed on the exchange
  • Any responsibility for the financial soundness of the company, its promoters, management, or any scheme/project

Record Date Requirement

The company must fix a record date for the rights issue, for which at least three working days' advance notice must be given to the exchange.

Conditions for Final Listing Permission

The final listing permission is subject to fulfillment of several conditions:

1. Submission of listing application form with relevant enclosures within twenty days from the date of allotment

2. Payment of prescribed listing fees

3. Compliance with all guidelines, regulations, and directions of the exchange and statutory authorities

4. Compliance with SEBI (LODR) Regulations, 2015 as on date of listing

5. Compliance with Companies Act, 2013 and other applicable laws

6. Updating the company website with recent financial data, shareholding pattern, and compliance details before final listing approval

7. Ensuring agreement with all depositories for dematerialization of securities and providing investors the option to receive allotment in dematerialized form

8. Ensuring a qualified Company Secretary serves as compliance officer, as per Regulation 6(1) of SEBI (LODR) Regulations 2015

Disclaimer Clause Requirement

The company must include specific disclaimer language in all advertisements relating to the rights issue where the exchange's name is mentioned, clarifying that the permission does not constitute clearance or approval of the Letter of Offer by CSE Ltd.

Reservation of Rights

The exchange reserves the right to withdraw its in-principle approval at any later stage if information submitted is found to be incomplete, incorrect, misleading, false, or in contravention of any rules, bye-laws, regulations, or statutory requirements.