Usha Financial Services Limited — Others, 11-07-2025: Shareholders meeting

Usha Financial Services Limited has announced a board meeting to consider increasing its authorized share capital from Rs. 26 Cr to Rs. 44 Cr to facilitate a 1:1 bonus share issue, capitalizing up to Rs. 21.74 Cr from reserves. The company plans to 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 reappointment. The Board seeks approval to issue secured/non-convertible debentures up to Rs. 100 Cr on a private placement basis. Additionally, shareholders’ approval is sought for material related party transactions involving inter-corporate loans with entities sharing common promoters, totaling up to Rs. 75 Cr, aimed at meeting business and corporate needs.