Geetanjali Credit and Capital Ltd approved raising funds up to ₹90 crore through a rights issue of equity shares to bolster its financial structure. The board, meeting on July 16, 2026, also sanctioned an increase in the company's authorised share capital from ₹10 crore to ₹100 crore, divided into 1 crore equity shares of ₹10 each. This capital augmentation is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

The rights issue involves the issuance and allotment of equity shares with a face value of ₹10 each to eligible shareholders as on a record date to be notified later. The board authorised a "Right Issue Committee" to finalise the terms and conditions, including the number of shares to be issued. The fund-raising initiative complies with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013.

In addition to the financial proposals, the board approved the Director's Report for FY26 and fixed the 36th AGM for August 21, 2026, at 1:00 PM IST via video conferencing. The meeting also addressed governance changes, including the reconstitution of various board committees.

A significant development included the resignation of Mr. Mukesh Gupta, Non-Executive Independent Director, effective July 16, 2026, due to pre-occupancy. Gupta confirmed there were no other material reasons for his departure. The board appointed intermediaries for the proposed rights issue as per SEBI regulations.

Geetanjali Credit and Capital Ltd has appointed Dharmendra Hasmukhbhai Vyas as its Chief Financial Officer (CFO) effective July 6, 2026. The decision was made during a board meeting held on the same day to fill a casual vacancy for the post. The appointment is subject to compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

Appointment Details

The board approved the appointment of Mr. Vyas to strengthen the company's financial leadership. He is a graduate in the field of Accountancy and possesses more than 10 years of experience in accounts and related activities. Prior to this role, he was already serving on the board as the Managing Director of the company.

Key Information

The following table outlines the key particulars of the appointment:

The meeting commenced at 02:00 PM and concluded at 02:30 PM. The disclosure was submitted to BSE Ltd by Director Kamlaben Salvi.