TruCap Finance Limited — Others, 26-05-2025: ESOP/ESOS/ESPS

TruCap Finance Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company plans to raise up to ₹206.87 Cr through a preferential issue of equity shares and convertible warrants at ₹9.88 per security. It proposes increasing authorized share capital to ₹75 Cr from ₹50 Cr. TruCap approved acquisition agreements giving Marwadi Chandarana Intermediaries Brokers Pvt Ltd a 62.54% stake, triggering an open offer. The board allotted 19.63 lakh shares under ESOP 2018 and granted 26.63 lakh stock options. Net losses stood at ₹66.61 Cr standalone and ₹59.25 Cr consolidated for the year ended March 31, 2025. The planned gold loan business slump sale was terminated due to delays. A loan up to ₹20 Cr from an existing promoter group entity was approved, and the company decided to cancel two ESOP schemes, subject to shareholder approval at an upcoming EGM.