Satin Creditcare Network Limited has initiated a postal ballot process to seek shareholder approval for the issuance of 38,50,000 fully convertible warrants to the promoter group. The warrants are priced at ₹260 each, aggregating to ₹100.10 crore, and are proposed to be allotted to Trishashna Holdings & Investments Private Limited on a preferential basis. The remote e-voting period commences on June 05, 2026, and concludes on July 04, 2026, with the results scheduled to be announced on or before July 07, 2026.

Key Details of the Proposal

The board of directors approved the fund-raising proposal on June 04, 2026. The warrants are convertible into equity shares of face value ₹10 each within 18 months from the date of allotment. The issue aims to augment the company's capital base to meet funding requirements for onward lending by way of micro-finance loans and to maintain enhanced regulatory capital requirements.

Pricing and Regulatory Compliance

The issue price of ₹260 per warrant is higher than the minimum price determined in accordance with SEBI (ICDR) Regulations. The relevant date for pricing is June 04, 2026. The minimum price was calculated as the higher of the 90-day volume weighted average price (₹212.48) and the 10-day volume weighted average price (₹222.82) preceding the relevant date. The company has appointed Brickwork Ratings India Private Limited as the monitoring agency to oversee the utilization of proceeds, as the issue size exceeds ₹100 crore.

Shareholding and Voting Rights

The preferential allotment will increase the promoter group's shareholding. Post-issue, the promoter shareholding is expected to rise to 38.32% from the existing 36.17%. The warrants and the resultant equity shares will be subject to lock-in periods as prescribed under SEBI (ICDR) Regulations. The company has appointed Mr. Devesh Kumar Vasisht of DPV & Associates LLP as the scrutinizer for the postal ballot process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE836B01017/18c7664c-2736-4926-80c4-ef6a7e884f1f.pdf

Satin Creditcare Network Limited has allotted USD 20 million in secured, rated, listed, redeemable, non-convertible bonds on a private placement basis to BlueOrchard Microfinance Fund. The Working Committee of the Board of Directors approved the allotment on May 27, 2026. The issuance comprises 2,000 bonds with a face value of USD 10,000 each.

The bonds are denominated in United States Dollars and are classified as non-convertible. This allotment follows an earlier intimation dated May 6, 2026. The disclosure was made to the National Stock Exchange of India Ltd and BSE Limited in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bond Allotment Details