Minolta Finance Limited has secured in-principle approval from the Calcutta Stock Exchange for its proposed rights issue of equity shares. The approval, communicated via reference CSE/LD/18117/2026 dated June 15, 2026, permits the company to use the exchange's name in the Letter of Offer. This regulatory clearance marks a step forward in the company's plan to raise capital through a rights issue, although the exchange clarified that the permission does not certify the financial soundness of the issuer or endorse the contents of the offer document.

The Calcutta Stock Exchange outlined several conditions that must be met before final listing permission is granted. The company is required to submit a listing application form within twenty days from the date of allotment and pay the prescribed listing fees. Additionally, Minolta Finance must comply with all applicable guidelines, including the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Statutory Compliance Requirements

The exchange mandated that Minolta Finance update its website with recent financial data, shareholding patterns, and offer compliance details before obtaining final listing approval. The company must also ensure agreements are in place with all depositories to facilitate the dematerialization of securities and provide investors with the option to receive allotments in dematerialized form.

Furthermore, the exchange emphasized that a qualified Company Secretary must serve as the compliance officer, in accordance with Regulation 6(1) of the SEBI (LODR) Regulations, 2015. The in-principle approval can be withdrawn if any information submitted is found to be incomplete, incorrect, or misleading.

Key Approval Details

Minolta Finance Ltd has received a declaration from its promoters and persons acting in concert (PAC) confirming that no encumbrance has been created on the shares held by them during the financial year 2025-26. The disclosure, submitted on June 08, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement ensures transparency regarding the pledging or mortgaging of shares by key stakeholders, which is critical for assessing the risk associated with promoter holdings.

The declaration was submitted by Pramod Kumar Srivastva on behalf of Sugam Commercial Private Limited, a promoter of the company. Srivastva provided the disclosure for himself and on behalf of other members of the promoter group and persons acting in concert. The filing was addressed to the stock exchanges, including BSE Limited and The Calcutta Stock Exchange Ltd, to formally record the compliance status for the period ending March 31, 2026.

Promoter and PAC Details

The confirmation covers a comprehensive list of promoters and promoter group entities. The following table details the entities included in the declaration:

The submission was signed by Shefali Gupta, Company Secretary & Compliance Officer of Minolta Finance Ltd. The document confirms that neither the promoters nor the persons acting in concert have created any direct or indirect encumbrance on their shareholdings during the specified financial year.