TruCap Finance Limited — Board Meeting, 25-02-2025: Outcome of Board Meeting

The Board of TruCap Finance Limited has announced a board meeting focused on the proposed slump sale of its entire gold loan business to InCred Financial Services Limited. The total consideration for the transaction is expected to be approximately ₹330 crore, subject to adjustments. The gold loan business contributed ₹66.40 crore (36.48% of total revenue) in the last financial year. This strategic move aims to reduce debt and enhance the company’s profitability by refocusing on its core non-gold businesses, including green energy finance and MSME loans, ensuring long-term sustainability.