RNFI Services Limited — Important, 24-02-2025: Updates

The board of directors of Paysprint Private Limited, a material subsidiary of RNFI Services Limited, has approved the private placement of 1,360 equity shares, each with a face value of Rs. 10, totaling approximately Rs. 15 crore. This issuance is based on a pre-money valuation of Rs. 120 crore for Paysprint. The completion of this placement is contingent upon satisfactory due diligence by Paysprint on prospective investors and subsequent approval from its shareholders. This move could strengthen Paysprint's capital structure and expand its operational capacity. Investors should watch closely for developments regarding investor participation in this placement.