Corporate Merchant Bankers Ltd — Board Meeting, 13-05-2025: Board Meeting

Corporate Merchant Bankers Limited has announced a board meeting approving an increase in authorised share capital from ₹7 Cr to ₹95 Cr, subject to shareholder approval. The company plans to issue up to 8.16 Cr equity shares at ₹10 each on a preferential basis to non-promoters by converting unsecured loans, aggregating ₹81.65 Cr. Additionally, it will issue up to 1.5 Cr equity shares to non-promoter investors for ₹15 Cr. An Extraordinary General Meeting will be convened to seek shareholder approval, with e-voting to be overseen by an appointed Company Secretary. This move strengthens the company’s equity base and addresses existing debt.