Geojit Financial Services Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

The Board has noted the upcoming transfer of its securities broking business to Geojit Investments Limited, a wholly owned subsidiary, scheduled for March 21, 2025. It approved the subscription of 10,000 compulsorily convertible debentures at Rs. 1 crore each, totaling Rs. 100 crores, and the subscription of 42,50,000 equity shares at Rs. 200 each, amounting to Rs. 85 crores. The funds will be utilized for working capital and margin trading requirements, aligning with the firm's business strategy in financial services.