Usha Financial Services Limited — Important, 11-07-2025: Updates

Usha Financial Services Limited has announced a board meeting to consider a 1:1 bonus share issue by capitalizing up to Rs. 21.74 Cr from reserves, increasing authorized share capital from Rs. 26 Cr to Rs. 44 Cr. The company will appoint M/s Rajeev Shagun Gupta & Co. as statutory auditors to fill a casual vacancy. Independent directors Mr. Pankaj Jain and Mrs. Nimisha Jain are proposed for re-appointment. The board is authorized to issue Non-Convertible Debentures up to Rs. 100 Cr on a private placement basis. Material related party transactions involving unsecured inter-corporate loans up to Rs. 25 Cr each with entities sharing common promoters are also approved for FY 2025-26.