Credent Global Finance Limited , a Mumbai-based financial services company, has announced plans to raise funds up to ₹35 crore through a Qualified Institutions Placement (QIP) of equity shares or other equity-linked securities. This strategic move, approved by the company's Board of Directors on October 10, 2025, aims to bolster the company's financial position and support its growth initiatives.

Key Highlights of the Fundraising Plan

• Approved Amount: The board has given the green light for raising up to ₹35.00 crore (₹3,500.00 lakhs).
• Issuance Method: The primary focus is on a Qualified Institutions Placement (QIP), with options for preferential issue or private placement.
• Regulatory Compliance: The fundraising will be conducted in accordance with SEBI regulations, specifically Chapter VI of the ICDR Regulations.
• Shareholder Approval: The plan is subject to obtaining necessary shareholder consent.

Appointment of Lead Manager

To ensure smooth execution of the QIP, Credent Global Finance has appointed Socradamus Capital Private Limited as the Book Running Lead Manager for the issue.

Financial Implications

While the exact pricing details of the equity shares or securities are yet to be determined, they will be set in compliance with applicable laws. This capital raise is expected to strengthen the company's balance sheet and provide resources for potential expansion or strategic initiatives.

Corporate Governance and Transparency

The company has demonstrated its commitment to transparency by promptly disclosing the board meeting outcome to the BSE Limited. The meeting, which commenced at 6:15 p.m. and concluded at 6:45 p.m. on October 10, 2025, addressed these critical financial decisions.

Looking Ahead

As Credent Global Finance moves forward with its fundraising plans, investors and market watchers will be keen to observe how the company utilizes this capital to drive growth and enhance shareholder value. The success of this QIP could play a significant role in shaping the company's future strategic direction and market position.

For more information, stakeholders can refer to the detailed disclosures available on the company's website at www.credentglobal.com .

Note: This article is based on the latest available information and does not constitute financial advice. Investors are advised to conduct their own research and consult with financial experts before making investment decisions.

Credent Global Finance Limited has announced the reappointment of Mr. Samir Agarwal as its Chief Executive Officer (CEO) for the financial year 2025-2026. The decision, made by the company's board, underscores their confidence in Agarwal's leadership and strategic vision.

Reappointment Details

The reappointment, effective for the upcoming financial year, has been executed in full compliance with the Companies Act, 2013 and the Securities and Exchange Board of India (SEBI) regulations. This move signals the company's commitment to maintaining strong and consistent leadership at its helm.

Board's Confidence

The Board of Directors expressed strong confidence in Mr. Agarwal's capabilities. They highlighted his strategic vision and operational excellence as key factors that are expected to further strengthen the company's growth trajectory. This vote of confidence suggests that under Agarwal's continued guidance, Credent Global Finance is poised for potential expansion and enhanced performance in the coming fiscal year.

Regulatory Compliance

The company has duly informed the BSE Ltd about this reappointment, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prompt disclosure aligns with the company's commitment to transparency and regulatory compliance.

Company Overview

Credent Global Finance Limited, formerly known as Oracle Credit Limited, is headquartered in Mumbai. The company is a financial services provider, and the reappointment of its CEO is a significant development for stakeholders and market observers alike.

The reappointment of Samir Agarwal as CEO for another term reflects Credent Global Finance's strategy for maintaining leadership continuity. As the financial landscape continues to evolve, the company appears to be banking on Agarwal's experience and vision to navigate future challenges and opportunities in the financial year 2025-2026.