Satin Creditcare Network Limited (SCNL) announced a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors, at its meeting held on June 4, 2026, approved the issuance of up to 38,50,000 Fully Convertible Warrants (FCW) on a preferential basis to its Promoter & Promoter Group entity, Trishashna Holdings & Investments Private Limited.

The issue price is set at ₹260 per warrant, aggregating to a total issue size of ₹100.10 crore.

Pricing Details

The issue price of ₹260 per warrant represents a premium of approximately 17% over the SEBI-determined floor price of ₹222.82. The floor price was calculated as the higher of the 10-day and 90-day volume-weighted average prices of the company's equity shares preceding the relevant date.

The issue price is also at a premium of 10.5% to the closing market price of ₹235.25 as on June 3, 2026.

The issue price is virtually equal to the consolidated book value of ₹259 per share as of March 31, 2026.

Warrant Terms

Each warrant is convertible into one fully paid-up equity share of face value ₹10.

The conversion right is exercisable within 18 months from the date of allotment.

Use of Proceeds

The proceeds from the issuance will be used to strengthen SCNL's capital base and support its growth ambitions.

Impact on Shareholding

Post conversion of all warrants, the promoter shareholding will increase from the current level of approximately 36.17% to 38.32% on a fully diluted basis.

Management Commentary

Dr H P Singh, Chairman cum Managing Director, stated that this investment reflects promoter confidence in the company's long-term growth trajectory and intrinsic value. He highlighted the growth momentum across the Group's subsidiaries, which include Satin Housing Finance Limited (affordable housing), Satin Finserv Limited (MSME lending), Satin Technologies Limited (software services), and Satin Growth Alternatives Limited (gender-focused AIF). The company has a target to reach a consolidated Group AUM of ₹32,000 Crore by 2030.

Approvals and Next Steps

The proposed preferential allotment is subject to approval by shareholders through a postal ballot.

It must also comply with applicable provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The e-voting period is scheduled to open on June 5, 2026 and close on July 4, 2026.

Company Background

As of March 31, 2026, Satin Creditcare Network Limited operated 2,015 branches with a headcount of 18,265, serving 33.7 lakh clients at a consolidated level. The company has a presence in 32 states and union territories and over 1,00,000 villages.