Authum Investment Infrastructure Secures Shareholder Nod for Rs 2,450 Crore Preference Share Issue
Authum Investment Infrastructure Limited has received shareholder approval to issue up to 2.45 crore Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) worth Rs 2,450 crores to its promoter, Mentor Capital Limited. The shares will have a face value of Rs 10 and an issue price of Rs 1,000, including a premium of Rs 990. The dividend rate is set at 0.01% per annum, non-cumulative, with redemption at a premium to provide a 6.5% IRR. The approval was obtained through a postal ballot with 100% votes in favor. Shareholders also approved the appointment of Mr. Rajeev RA as an Independent Director and the related party transaction for the preference share issuance.

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Authum Investment Infrastructure Limited has received shareholder approval for a significant capital raise through preference shares. The company plans to issue up to 2.45 crore Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) worth Rs 2,450 crores to its promoter, Mentor Capital Limited, on a private placement basis.
Key Details of the Preference Share Issue
- Issue Size: Up to 2.45 crore NCRPS
- Face Value: Rs 10 per share
- Issue Price: Rs 1,000 per share (including a premium of Rs 990)
- Total Value: Up to Rs 2,450 crores
- Dividend Rate: 0.01% per annum (non-cumulative)
- Redemption: At a premium to provide 6.5% IRR
Shareholder Approval Process
The approval was obtained through a postal ballot, with the following voting results:
| Particulars | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|
| Total Valid Votes | 29,662,197 | 349 | 100.00 |
Additional Resolutions Passed
Shareholders also approved:
- Appointment of Mr. Rajeev RA (DIN: 03125952) as an Independent Director for a five-year term.
- A material related party transaction with Mentor Capital Limited for the preference share issuance.
Terms of the Preference Shares
- Tenure: 15 years from the date of allotment
- Early Redemption: Company has the option to redeem after one year
- Voting Rights: As per Section 47(2) of the Companies Act, 2013
- Listing: The NCRPS will not be listed on any stock exchange
This capital raise through preference shares may provide Authum Investment Infrastructure with additional funds for its operations and growth initiatives. However, investors should note that preference shares typically do not carry voting rights unless otherwise specified, and their returns are generally limited to the stated dividend rate.
The successful passage of these resolutions with overwhelming shareholder support indicates strong backing for the company's financial strategies and governance changes.
Historical Stock Returns for Authum Inv & Infr
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.40% | +2.01% | -11.59% | +28.72% | +74.75% | +201.76% |
















































