Kanungo Financiers approves strategic investments and MoA alteration

Kanungo Financiers Limited has granted in-principle approval for strategic investments in M/s. Startech Infralogistics Private Limited and M/s. Peepal Mining and Logistics Private Limited. The decision was taken during a board meeting held on June 29, 2026, to evaluate long-term growth opportunities and strategic business expansion. The company clarified that no final decision regarding the acquisition, shareholding percentage, or investment amount has been taken yet.

The board deliberated on the preliminary investment proposal, which remains subject to the completion of financial, legal, secretarial, and commercial due diligence. A determination of fair valuation by an Independent Registered Valuer and professional recommendations from appointed consultants are also required. The board authorized the Chief Executive Officer, Executive Directors, and Chief Financial Officer to undertake necessary preliminary actions, including negotiations and coordination with advisors, subject to final approval.

Alteration of Memorandum of Association

The board approved in principle the alteration of the Capital Clause and Object Clause of the Memorandum of Association to increase the authorized share capital. The detailed proposal, including the quantum of increase and final amendments, will be finalized after evaluating the company's requirements and placed before the board in a subsequent meeting. Shareholder approval will be sought for the proposal as finally approved.

Enhancement of Limits and Borrowing Powers

Directors considered enhancing limits for investments, loans, and guarantees under Section 186 of the Companies Act, 2013. The revised monetary limits will be finalized based on business requirements and strategic investment needs. Additionally, the board proposed enhancing borrowing limits under Section 180(1)(c) of the Companies Act, 2013 to support future expansion plans. Both proposals require shareholder approval where applicable.

Key Approvals and Authorizations

Agenda Item	Status	Condition
Strategic Investments	In-principle approval	Subject to due diligence and valuation
MoA Alteration	In-principle approval	Subject to shareholder approval
Section 186 Limits	In-principle approval	Revised limits to be finalized later
Borrowing Powers	In-principle approval	Subject to shareholder approval

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-1.18%	-19.52%	-33.83%	-5.82%	-42.79%

Kanungo Financiers Limited has appointed Ms. Shruti Mittal as its Whole-time Company Secretary effective June 4, 2026. The decision follows the resignation of the previous Company Secretary and was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Shruti Mittal is a qualified Company Secretary with Membership No. ACS 51097. She brings over six years of professional experience in corporate governance, compliance management, and secretarial practices to the role. The company confirmed that she meets all criteria regarding independence, eligibility, and qualifications as per the Companies Act, 2013, and SEBI regulations.

Appointment Details

The board has proposed the appointment, with the confirmation to be finalized in the next board meeting. The disclosure regarding the appointment was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Information

Detail	Information
Name of the Company Secretary	Ms. Shruti Mittal
Membership No.	ACS 51097
Reason for Appointment	Resignation of previous Company Secretary
Date of Appointment	June 4, 2026
Experience	6+ years in corporate governance and compliance

The company further disclosed that Ms. Mittal is not debarred by any SEBI order or any other authority. The intimation was signed by Mr. Mahendra Kumar Jagdeesh Patel, Director of Kanungo Financiers Limited.