Capfin India Increases Authorised Share Capital to ₹10 Crore via Postal Ballot
Capfin India Limited has successfully completed its postal ballot process, securing overwhelming shareholder approval for increasing authorised share capital from ₹4 crore to ₹10 crore and issuing 16,10,000 equity shares through private placement. The resolutions received 99.9964% votes in favour, with the company completing all regulatory compliance requirements under SEBI Listing Regulations.
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Capfin India Limited has successfully completed its postal ballot process and announced the alteration of its Capital Clause in the Memorandum of Association (MOA). The company informed BSE Limited on March 23, 2026, under Regulation 30 of SEBI Listing Regulations about the approved increase in authorised share capital and consequent MOA amendments.
Postal Ballot Results and Timeline
The remote e-voting process concluded on March 22, 2026, at 05:00 PM IST, with shareholders approving both proposed resolutions with overwhelming majority. The postal ballot was conducted pursuant to the notice dated February 20, 2026, and its corrigendum dated March 20, 2026.
| Voting Timeline: | Details |
|---|---|
| Commencement: | February 21, 2026 at 09:00 AM IST |
| Conclusion: | March 22, 2026 at 05:00 PM IST |
| Record Date: | February 13, 2026 |
| Results Submission: | March 23, 2026 |
| Total Shareholders: | 1027 |
Capital Clause Alteration Details
The members approved the increase in authorised share capital through an ordinary resolution passed on March 22, 2026. The alteration significantly expands the company's capital base to support future growth initiatives.
| Capital Structure: | Previous | Revised |
|---|---|---|
| Authorised Capital: | ₹4,00,00,000 | ₹10,00,00,000 |
| Number of Shares: | 40,00,000 | 1,00,00,000 |
| Face Value per Share: | ₹10 | ₹10 |
Resolution Voting Results
Both resolutions received exceptional shareholder support with 99.9964% votes in favour, demonstrating strong confidence from promoter and public shareholders in the company's strategic direction.
Resolution 1: Authorised Share Capital Increase
| Voting Category: | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|
| Promoter Group: | 1944558 | 0 | 100.00% |
| Public Non-Institutions: | 559375 | 90 | 99.98% |
| Total Votes: | 2503933 | 90 | 99.9964% |
Resolution 2: Equity Share Issuance
The special resolution for issuance of 16,10,000 equity shares through private placement cum preferential basis received identical voting results, with 2503933 votes in favour and 90 votes against.
| Resolution Details: | Information |
|---|---|
| Resolution Type: | Special Resolution |
| Share Issuance: | 16,10,000 equity shares |
| Method: | Private placement cum preferential basis |
| Approval Rate: | 99.9964% |
Regulatory Compliance and Documentation
Mr. Chirag Sachapara of M/s. Sachapara & Associates, appointed as scrutinizer on February 20, 2026, submitted the scrutinizer's report on March 23, 2026. The company maintained full regulatory compliance throughout the process, with Company Secretary Neeraj Kumar Patil (Membership Number: A67632) confirming the resolutions were deemed passed on March 22, 2026. The voting results and scrutinizer's report are available on the company's website at www.capfinindia.in and BSE's website.
Historical Stock Returns for Capfin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
What specific growth initiatives or acquisitions is Capfin India planning to fund with the 150% increase in authorized share capital?
How will the private placement of 16.1 million equity shares impact existing shareholders' ownership percentages and voting rights?
What is the expected timeline for utilizing the expanded capital base, and will it require additional fundraising rounds?
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