F MEC International Financial Services Limited has secured shareholder approval to sub-divide its equity shares, altering the capital structure of the company. The decision was taken via an ordinary resolution passed during the 1st Extra-Ordinary General Meeting (EGM) held on May 4, 2026. The meeting, conducted through Video Conference, approved the amendment to the Memorandum of Association (MOA) to facilitate the split.

Share Sub-Division Details

The resolution approved the sub-division of the company's Authorized, Issued, Subscribed, and Paid-up Equity Share Capital. Existing equity shares with a nominal face value of ₹10 each will be split into five equity shares of ₹2 each, fully paid-up. This move aims to enhance the liquidity of the shares by increasing the number of outstanding shares available in the market.

Regulatory Compliance and Filing

Following the approval, the company filed Form SH-7 regarding the alteration in share capital with the relevant authorities. The filing was made under SRN AC3549300 on May 20, 2026, and received approval on May 22, 2026. The amendment modifies Clause V of the MOA to reflect the new face value and the adjusted authorized share capital structure.

The amendment to the MOA updates the authorized share capital to ₹15,00,00,000, divided into 7,50,00,000 equity shares of ₹2 face value each. The intimation regarding this corporate action has been submitted to the BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

F MEC International Financial Services Limited announced on May 11, 2026, that its Board of Directors, at a meeting held on the same date, allotted 5,00,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) under Series-A on a private placement basis. The face value of each NCD is INR 100/-, aggregating to a total issue size of ₹5,00,00,000/- (Indian Rupees Five Crore). The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the applicable SEBI Circular dated January 30, 2026. The Board Meeting commenced at 03:30 P.M. and concluded at 03:45 P.M. on the same day.

Key Details of the NCD Issue

The following table summarises the key terms and parameters of the NCD allotment as disclosed by the company:

Security and Charge Details

The NCDs are secured by way of hypothecation on a pari-passu charge over the assets of the company. The security covers loans and advances, receivables, investments, current and other assets held by F MEC International Financial Services, created in favour of the Debenture Trustee as set out in the Debenture Trust Deed. The security is structured such that a cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all times until the Maturity Date. Assets specifically and exclusively charged in favour of certain existing charge holders are excluded from this security arrangement.

Default and Redemption Terms

In the event of a default in payment of interest and/or principal redemption on the due dates, an additional interest of 2% per annum over the Coupon Rate will be payable by the company for the defaulting period. The debentures shall be redeemed as per the terms mentioned under the Debenture Trust Deed. No special rights, interests, or privileges are attached to the instrument. The disclosure was signed and submitted by Ronika Dhall, Company Secretary and Compliance Officer (M.No.: A39463), on behalf of F MEC International Financial Services Limited.