TruCap Finance Limited — Others, 03-06-2025: Shareholders meeting

TruCap Finance has announced a board meeting to approve key corporate actions via a virtual EGM. The company plans to increase its authorized share capital from ₹50 Cr to ₹75 Cr to enable new equity issuance and cancel existing employee stock and retention plans due to market conditions. It intends to raise about ₹207 Cr through preferential allotment of equity shares and convertible warrants to Marwadi Chandarana Intermediaries Brokers Pvt. Ltd., which will become the new promoter after approvals and an open offer. A ₹20 Cr unsecured loan at 12% interest is also planned to support operations. These moves aim to strengthen TruCap’s capital base for lending growth and debt reduction.