PMC Fincorp Limited's Board of Directors has approved a major fundraising initiative through the issuance of fully convertible warrants worth ₹235.8 crores. The board meeting held on December 22, 2025, gave the green light for the issuance of up to 9 crore fully convertible warrants at ₹2.62 per warrant to non-promoter entities on a preferential basis.

Warrant Issue Details

The board approved the issuance of up to 9,00,00,000 fully convertible warrants to non-promoter entities on a preferential basis. Each warrant carries the right to subscribe to one equity share with a face value of Re. 1. The issue price has been determined at ₹2.62 per warrant, calculated in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Proposed Allottee Distribution

The company has identified six proposed allottees for the warrant issue, with allocations varying significantly across different entities. Subhash Phootarmal Rathod will receive the largest allocation of 4,40,00,000 warrants, followed by Stellant Securities (India) Limited with 2,00,00,000 warrants.

Regulatory Compliance and Next Steps

The preferential issue has been structured in compliance with SEBI regulations and the Companies Act, 2013. The board has approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for this fundraising initiative. The company will provide intimation regarding conversion of securities or lapse of instrument tenure as and when required.

Meeting Proceedings

The Board of Directors meeting commenced at 12:50 PM and concluded at 1:50 PM on December 22, 2025. These decisions were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders and regulatory compliance. The company has informed BSE Limited about the meeting outcome through official communication.

PMC Fincorp Limited held its 40th Annual General Meeting (AGM) on September 11, 2025, where shareholders approved several significant resolutions, including key leadership reappointments and an increase in the company's authorized share capital.

Leadership Reappointments

The shareholders approved the reappointment of three key directors:

1. Mr. Raj Kumar Modi was reappointed as Managing Director for a term of five years, from October 31, 2025, to October 30, 2030. Mr. Modi, a commerce graduate with over 30 years of managerial experience, has been with the company since January 2003 and is considered one of the main visionaries behind PMC Fincorp's growth and development.

2. Mr. Prabhat Modi secured reappointment as Whole Time Director for a five-year term, effective from August 10, 2025, to August 09, 2030. Mr. Prabhat Modi holds a B.Sc. in Accounting & Finance from the University of Essex and a PGDM from the National Institute of Securities Market. His experience includes roles at SBI Mutual, BSE India Limited, and Morningstar India Private Limited.

3. Mr. Yogesh Kumar Garg was reappointed as Non-Executive Independent Director for his second term of five years, from July 28, 2025, to July 27, 2030. Mr. Garg is a qualified Company Secretary, Cost Accountant, and Law Graduate with over 30 years of experience in corporate secretarial matters, stock exchange compliances, IPOs, and legal affairs.

Increase in Authorized Share Capital

The shareholders approved an increase in the company's authorized share capital from Rs. 90.00 crore to Rs. 100.00 crore. This increase involves raising the number of equity shares from 90 crore to 100 crore, with each share having a face value of Re. 1.

Other Key Resolutions

Appointment of Secretarial Auditor

The AGM approved the appointment of M/s Anamika Bhola & Associates as the Secretarial Auditor for a period of five years, starting from the financial year 2025-26.

Dividend Declaration

Shareholders declared a final dividend of 1% (Rs. 0.01 per equity share) for the financial year ended March 31, 2025.

Financial Statements Adoption

The company's financial statements for the year ended March 31, 2025, were adopted along with the reports of the Board of Directors and Auditors.

Voting Results

All resolutions were passed with an overwhelming majority. The e-voting results showed that each resolution received over 99.98% votes in favor, demonstrating strong shareholder support for the company's decisions.

PMC Fincorp's reappointment of experienced leaders and the increase in authorized share capital suggest the company is positioning itself for potential growth and expansion in the coming years. The strong shareholder support evident in the voting results indicates confidence in the company's leadership and strategic direction.