News Earnings Superior Finlease Limited Approves Preferential Issue and Authorized Share Capital IncreaseSuperior Finlease Limited Approves Preferential Issue and Authorized Share Capital Increase
Superior Finlease Limited's board approved a preferential allotment of up to 15,64,159 equity shares at ₹5 each, raising ₹78,20,795 from six investors. The company also approved increasing authorized share capital from ₹5.5 crore to ₹10 crore, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for March 18, 2026, to seek necessary approvals for these corporate actions.
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Superior Finlease Limited's Board of Directors approved multiple strategic corporate actions during their meeting held on February 13, 2026, including a preferential share issue and authorized capital enhancement to strengthen the company's financial position.
Board Approves Preferential Share Allotment
The board approved a preferential allotment of up to 15,64,159 equity shares with a face value of ₹1 each at an issue price of ₹5 per share. This preferential issue will raise aggregate consideration of up to ₹78,20,795 from six identified investors.
| Parameter: | Details |
|---|---|
| Number of Shares: | Up to 15,64,159 |
| Face Value: | ₹1 per share |
| Issue Price: | ₹5 per share |
| Total Consideration: | Up to ₹78,20,795 |
| Number of Investors: | 6 |
The identified investors include Ram Bhagat Sharma, Ravi Kant Sharma, Manju Sharma, Surender Kumar, Puspa Kumari, and Ajay Kumar Singh. The relevant date for the preferential issue, as per SEBI (ICDR) Regulations 2018, is February 17, 2026.
Authorized Share Capital Enhancement
The board approved increasing the company's authorized share capital from ₹5,50,00,000 divided into 5,50,00,000 equity shares of ₹1 each to ₹10,00,00,000 divided into 10,00,00,000 equity shares of ₹1 each. This enhancement is subject to shareholders' approval in the upcoming Extraordinary General Meeting.
| Capital Structure: | Current | Proposed |
|---|---|---|
| Authorized Capital: | ₹5,50,00,000 | ₹10,00,00,000 |
| Number of Shares: | 5,50,00,000 | 10,00,00,000 |
| Face Value per Share: | ₹1 | ₹1 |
Post-Allotment Shareholding Pattern
The preferential issue will result in changes to the shareholding pattern of the identified investors. Ram Bhagat Sharma will see the most significant increase, with his holding rising from 9,900 shares (0.02%) to 6,49,500 shares (1.44%) post-allotment.
| Investor Name: | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| Ram Bhagat Sharma: | 9,900 | 0.02% | 6,49,500 | 1.44% |
| Ravi Kant Sharma: | NIL | NA | 3,13,385 | 0.70% |
| Surender Kumar: | 49,550 | 0.11% | 2,49,550 | 0.56% |
| Ajay Kumar Singh: | 1,88,660 | 0.43% | 2,88,660 | 0.64% |
| Manju Sharma: | 9,900 | 0.02% | 2,21,074 | 0.49% |
| Puspa Kumari: | NIL | NA | 1,00,000 | 0.22% |
Extraordinary General Meeting and Regulatory Approvals
The board scheduled an Extraordinary General Meeting for March 18, 2026, to be conducted through video conferencing. The meeting will seek shareholders' approval for the authorized capital increase and preferential issue through special resolutions. The company appointed Mr. Ranjan Kumar Jha of M/s. Ranjan Jha & Associates as scrutinizer for the remote e-voting process.
The board also approved making necessary applications to stock exchanges for in-principal approval in connection with the proposed equity share issue, ensuring compliance with SEBI regulations and applicable laws. The financial results for the quarter ended December 31, 2025, were reviewed by the Audit Committee and approved by the board during the same meeting.
Historical Stock Returns for Superior Finlease
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +8.76% | +11.19% | -0.67% | -19.89% | -84.41% |
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