Five Star Business Finance Limited, a prominent player in the financial services sector, has received a significant boost to its fundraising plans. The company's shareholders have given their approval for the issuance of Non-Convertible Debentures (NCDs) worth up to ₹4,000.00 crore through private placement.

Shareholder Approval

The approval was granted during the company's 41st Annual General Meeting (AGM). This decision enables Five Star Business Finance to raise substantial funds through debt instruments, specifically targeting select investors via private placement.

Key Details of the NCD Issuance

• Issuance Limit: Up to ₹4,000.00 crore
• Mode of Issuance: Private Placement
• Instrument Type: Non-Convertible Debentures (NCDs)
• Issuance Structure: One or more tranches and/or series from time to time

Implications for the Company

This approval provides Five Star Business Finance with the flexibility to strengthen its capital base and support its growth initiatives. The ability to issue NCDs up to ₹4,000.00 crore offers the company a significant avenue for raising funds, which could be utilized for various purposes such as expanding its loan book, refinancing existing debt, or funding other operational requirements.

Regulatory Compliance

The company has adhered to the necessary regulatory requirements, including:

• Disclosure under Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155

Other AGM Highlights

In addition to the NCD issuance approval, the AGM also saw the passage of several other resolutions, including:

1. Adoption of audited financial statements
2. Declaration of a final dividend
3. Re-appointment of Mr. Thirulokchand Vasan as a director
4. Appointment of M/s. S. Sandeep & Associates as Secretarial Auditors for a term of 5 years
5. Fixing of borrowing limits for the company
6. Approval for the creation of charges on the company's assets

The successful passage of these resolutions, particularly the approval for NCD issuance, underscores the shareholders' confidence in Five Star Business Finance's growth strategy and financial management.

As Five Star Business Finance moves forward with this significant fundraising capability, market observers will be keenly watching how the company utilizes this opportunity to fuel its growth and strengthen its position in the financial services sector.

Five Star Business Finance Ltd. witnessed a significant block trade on the National Stock Exchange (NSE) recently, highlighting investor interest in the company's shares.

Block Trade Details

The block trade, valued at approximately Rs. 15.98 crores, involved the exchange of about 304,149 shares at a price of Rs. 525.30 per share. This transaction underscores the substantial volume of Five Star Business Finance shares changing hands in a single trade.

Recent Corporate Action

In a separate development, Five Star Business Finance has recently made an important corporate announcement. According to the company's filing with the stock exchanges:

• The Business & Resource Committee of the Board has allotted 19,990 equity shares with a face value of Rs. 1.00 each.
• This allotment is pursuant to the exercise of stock options under the Five-Star Associate Stock Option Scheme, 2018.
• As a result of this allotment, the company's paid-up share capital has increased from Rs. 29,44,48,830 to Rs. 29,44,68,820.
• The total number of equity shares has correspondingly risen from 29,44,48,830 to 29,44,68,820.

Employee Stock Option Details

The recent equity allotment includes shares issued at various exercise prices:

The company realized a total of Rs. 12,53,694 from the exercise of these options.

Financial Performance

According to the unaudited financial results for a recent quarter, Five Star Business Finance reported:

• Basic Earnings Per Share (EPS): Rs. 9.04
• Diluted Earnings Per Share (EPS): Rs. 9.02

These corporate actions and financial indicators provide insight into Five Star Business Finance's ongoing operations and equity structure. The recent block trade, coupled with the employee stock option exercise, suggests continued market interest in the company's shares.