Geetanjali Credit and Capital Limited has approved a proposal to increase its authorized share capital from ₹5 crore to ₹95 crore. The board meeting held on October 14, 2026, also fixed the date for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the alteration.

The proposed increase involves expanding the capital structure from 50,00,000 equity shares of ₹10 each to 9,50,00,000 equity shares of the same face value. This change requires subsequent modification of the Memorandum of Association, subject to ratification by shareholders at the upcoming EGM.

EGM schedule and voting details

The company will convene the EGM on Friday, November 6, 2026, at 3:00 am at its registered office in Dharwad, Karnataka. Shareholders holding shares in either physical or dematerialized form as of the cut-off date are eligible to vote. The e-voting period opens on Tuesday, November 3, 2026, at 9:00 am and closes on Thursday, November 5, 2026, at 5:00 pm.

Compliance and governance

The board appointed M/s Dharti Patel & Associates, Practicing Company Secretary, as the scrutinizer for the e-voting and venue voting process. The decision complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 6:30 pm and concluded at 7:00 pm on October 14, 2026.

Geetanjali Credit and Capital Limited appointed Ritu Tiwari as an additional non-executive independent director effective September 28, 2026. The board also accepted the resignation of Vishnuji Ravaji Thakor from his role as additional executive director on the same date.

The appointments and resignations were approved during a board meeting held on September 28, 2026. The meeting commenced at 4:30 pm and concluded at 5:15 pm. These changes were disclosed to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board composition changes

Tiwari has been appointed for a term of five consecutive years, running from September 28, 2026, to September 27, 2031. Her appointment is subject to approval by regulatory authorities and shareholders at the ensuing general meeting. She possesses over 10 years of professional experience in corporate laws and governance.

Thakor resigned due to pre-occupancy. He confirmed that there are no material reasons for his departure other than those stated in his resignation letter. The board also approved the reconstitution of various committees following these changes.

Director details

Tiwari holds directorships in four other listed entities: Aanjaay Industries Limited, Kcd Industries India Limited, Svam Agritech Limited, and Starbeam Ventures Limited. She holds no shares in Geetanjali Credit and Capital. Thakor held no directorships in any listed entities at the time of his resignation.