Centrum Capital Limited — Others, 16-07-2025: Shareholders meeting

Centrum Capital has added a new item to its upcoming 47th Annual General Meeting agenda for shareholder approval. The company proposes to issue up to 5.02 crore new equity shares at Rs. 34.38 per share to non-promoter investors. This preferential issue aims to raise approximately Rs. 172.56 crore. The funds will be primarily used for debt repayment of the company (Rs. 80 Cr) and its subsidiaries (Rs. 52 Cr), with the remaining for general corporate purposes (Rs. 40.56 Cr). This move seeks to strengthen the company's capital base and reduce reliance on external debt. The board supports this proposal, viewing it as beneficial for the company and its shareholders.