Comfort Fincap Limited has successfully completed the conversion of 25,00,000 share warrants into equity shares through a preferential allotment process. The Board of Directors approved this conversion via circular resolution on March 21, 2026, marking a significant capital structure enhancement for the financial services company.

Warrant Conversion Details

The conversion involved 25,00,000 share warrants being transformed into an equal number of equity shares with a face value of Rs. 2.00 each. The company received the remaining 75% payment amounting to Rs. 1,68,75,000 at the rate of Rs. 6.75 per warrant from the warrant holders.

Investor Participation

Four investors participated in the warrant conversion process, with Luharuka Investment & Consultants Private Limited being the largest participant. The detailed breakdown shows the conversion pattern and resulting shareholding structure.

Capital Structure Impact

The warrant conversion has resulted in a substantial increase in the company's paid-up equity capital. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to the holders.

Regulatory Compliance

The conversion was executed in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The preferential allotment followed the guidelines under SEBI ICDR Regulations, 2018, and the Companies Act, 2013. All necessary disclosures have been made to BSE Limited, and the information has been published on the company's website at www.comfortfincap.com .

The successful warrant conversion demonstrates the company's ability to execute capital raising initiatives while maintaining regulatory compliance and transparency with stakeholders.

Comfort Fincap Limited has issued a comprehensive postal ballot notice seeking shareholder approval for seven critical resolutions, including director regularizations, remuneration approvals, authorized share capital increase, and registered office relocation from West Bengal to Maharashtra. The company distributed the notice dated February 23, 2026, to members for remote e-voting on multiple special business items.

Postal Ballot Notice and E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facility to all members. The postal ballot notice was sent to members whose names appear on the Register of Members/List of Beneficial Owners as on Friday, February 20, 2026, being the cut-off date.

Seven Key Resolutions for Shareholder Approval

The postal ballot encompasses seven resolutions covering director appointments, remuneration structures, capital enhancement, and corporate restructuring initiatives.

Director Appointments and Regularizations

The company seeks approval for regularizing three directors across different categories, each bringing specialized expertise to strengthen the board's competencies.

Independent Director Appointments

Mr. Sanjeev Kumar Pandey (DIN: 10718409) is proposed for regularization as Non-Executive Independent Director for a five-year term from December 30, 2025, to December 29, 2030. With over 35 years of banking experience at State Bank of India, including international exposure at SBI Singapore, he brings expertise in corporate restructuring, governance, and treasury management.

Mr. Sanjiv Swarup (DIN: 00132716) is recommended for regularization as Non-Executive Independent Director for five years from January 15, 2026, to January 14, 2031. His four decades of experience in financial services, governance, and strategic advisory, along with board positions in multiple listed entities, provides valuable regulatory insight and commercial judgment.

Executive Director Appointment

Mrs. Nirmala Kanjar (DIN: 11457740), currently serving as Chief Financial Officer since 2015, is proposed for regularization as Executive Director. As a Chartered Accountant with over 13 years of professional experience, she has been instrumental in the company's financial strategy, budgeting, and regulatory compliance.

Remuneration Structures and Approvals

The postal ballot includes remuneration approvals exceeding statutory limits, requiring special shareholder consent under Section 197 of the Companies Act, 2013.

Authorized Share Capital Enhancement

To facilitate future capital requirements and business expansion, the company proposes increasing authorized share capital from Rs. 25,00,00,000 to Rs. 60,00,00,000, representing an increase from 12,50,00,000 equity shares to 30,00,00,000 equity shares of Rs. 2 face value each.

Registered Office Relocation Initiative

The company seeks approval for shifting its registered office from West Bengal to Maharashtra, citing operational efficiency and business convenience. The current registered office at 22, Block B, Camac Street, Kolkata, will be relocated to Maharashtra, requiring Central Government approval through the Regional Director.

The comprehensive postal ballot notice demonstrates the company's commitment to corporate governance and strategic restructuring initiatives. All resolutions require appropriate shareholder approval through the remote e-voting process, with results expected by March 30, 2026.

Source: None/Company/INE274M01026/075af184-81a3-425f-ba90-150cdb4103d5.pdf