Dhruva Capital Services Limited has approved raising funds through a Qualified Institutional Placement (QIP) for an aggregate amount of up to ₹160 crore.

The Board of Directors took this decision at a meeting held on October 20, 2026. The move follows the shareholders' special resolution passed during the Extraordinary General Meeting on October 10, 2026, which authorised the company to raise capital by issuing equity shares or other eligible securities.

Placement structure and terms

The company plans to issue equity shares in one or more tranches. The specific number of securities to be issued will be determined after the fixation of the issue price at the time of issuance. The placement will be conducted in accordance with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Regulatory compliance and timeline

The board meeting commenced at 2:00 pm and concluded at 2:30 pm. This disclosure is made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposal remains subject to statutory approvals as required under applicable laws.

The company stated that the funds raised will be utilised in accordance with the objectives approved by the shareholders. No further details regarding the use of proceeds were disclosed in the immediate filing.

Dhruva Capital Services Limited shareholders approved two key resolutions during their Extra-Ordinary General Meeting held on October 10, 2026. The approvals cover an increase in authorised share capital and the raising of funds through equity or other eligible securities.

The meeting, conducted via video conferencing, saw unanimous support for both proposals. A total of 38,45,857 votes were cast in favour of the resolutions, with zero votes against. The scrutinizer’s report confirmed that the requisite majority was achieved for both ordinary and special business items.

Voting results breakdown

The voting data highlights a significant participation gap between promoter and public shareholders. Promoters voted on nearly all their holdings, while public shareholder participation remained low relative to their total holding.

What the numbers show

The voting pattern reveals a stark contrast in engagement levels. While promoters voted on 99.09% of their shares, public non-institutional investors voted on only 15.00% of their holdings. This disparity suggests that the outcome was heavily influenced by promoter consensus, as public shareholders voted overwhelmingly in favour but represented a smaller fraction of the total polled votes compared to their shareholding base.

Resolutions passed

The shareholders approved the following items:

• Ordinary Resolution: Increase in the authorised share capital of the company and consequent amendment to the capital clause of the Memorandum of Association.
• Special Resolution: Approval to raise funds in one or more tranches by issuing equity shares and/or other eligible securities.