Credent Global Finance Limited , a prominent player in the financial sector, conducted an Extra-Ordinary General Meeting (EGM) on November 10, 2025, to discuss and approve a significant capital raising initiative. The meeting, held via video conferencing, addressed a crucial special business item that could potentially shape the company's future financial strategy.

Key Meeting Details

Special Business Agenda

The primary focus of the EGM was to consider and approve a proposal for capital raising through the issuance of equity shares via Qualified Institutions Placement (QIP). This move suggests that Credent Global Finance is looking to strengthen its capital base, potentially to fund expansion plans or bolster its financial position.

Meeting Proceedings

1. Quorum and Commencement: The meeting commenced with the confirmation of the requisite quorum.

2. E-Voting Process:

   • Remote e-voting was conducted from November 7-9, 2025.
   • Additional voting facility was available during and after the EGM.
   • Mr. Sumit Bajaj, a Practicing Company Secretary, was appointed as the scrutinizer for the e-voting process.

3. Member Engagement: Six speaker members raised queries during the meeting, which were addressed by the Chairman.

4. Resolution Details:

5. Post-Meeting Actions:
   • The scrutinizer will compile voting results and submit a consolidated report within the stipulated timeframe.
   • Voting results will be available on the company's website and CDSL platform within two working days of the EGM conclusion.

Implications

The approval of this capital raising initiative through QIP could have significant implications for Credent Global Finance Limited. QIPs are a popular method for listed companies to raise capital quickly from institutional investors. This move may indicate the company's intentions to:

1. Expand its operations
2. Invest in new technologies or markets
3. Strengthen its balance sheet
4. Fund potential acquisitions or growth opportunities

Investors and market watchers will likely keep a close eye on how the company utilizes this capital infusion, should the resolution be approved by the shareholders.

The successful conduct of this EGM demonstrates Credent Global Finance's commitment to corporate governance and shareholder engagement, even in a virtual setting. The company's proactive approach to capital management may be seen as a positive sign by the market, potentially influencing investor sentiment in the coming days.

Credent Global Finance Limited , a non-banking financial company (NBFC), has announced plans to raise up to ₹3,500 crore through a Qualified Institutions Placement (QIP). The company's Board of Directors has approved this proposal, which now awaits shareholder approval at an Extraordinary General Meeting (EGM) scheduled for November 10, 2025.

Key Details of the Proposed QIP

• Issue Size: Up to ₹3,500 crore
• Instrument: Equity shares with a face value of ₹2 each
• Issuance Method: QIP to qualified institutional buyers
• Issuance Structure: One or more tranches
• Pricing: As per SEBI ICDR regulations, with a possible discount of up to 5% on the floor price
• Allocation: Minimum 10% reserved for mutual funds
• Lock-in Period: One year for allotted shares

Purpose of the Capital Raise

The company intends to use the funds raised through this QIP for two primary purposes:

1. To augment its capital base for NBFC activities
2. For general corporate purposes

Shareholder Approval and Timeline

Credent Global Finance has called for an EGM on November 10, 2025, to seek shareholder approval for this capital raising initiative. If approved, the company will have 365 days from the date of the shareholder resolution to complete the allotment of shares under the QIP.

Board Approval Process

The proposal for this capital raise was approved by the Board of Directors in meetings held on October 10 and October 14, 2025. This demonstrates the company's strategic planning and commitment to strengthening its financial position.

Implications for Investors

For potential investors, this QIP offers an opportunity to invest in Credent Global Finance's growth story. However, it's important to note that:

• The final pricing of the shares will be determined based on market conditions and SEBI regulations.
• There will be a one-year lock-in period for the allotted shares.
• The issue may lead to dilution of existing shareholding.

Conclusion

Credent Global Finance's move to raise ₹3,500 crore through a QIP signals the company's ambitions for growth and its confidence in attracting institutional investors. As the NBFC sector continues to play a crucial role in India's financial landscape, this capital infusion could potentially strengthen Credent Global Finance's position in the market. However, the success of this initiative will depend on market conditions and investor appetite at the time of the issue.