TruCap Finance Limited — Others, 14-08-2025: Monitoring Agency Report

TruCap Finance reported that 60 lakh convertible warrants have been cancelled, leading to the forfeiture of ₹11.06 Cr in upfront consideration. This occurred because the current share price of ₹13.01 is significantly below the warrant's issue price of ₹73.75, making conversion unattractive for investors. The company has not raised any new funds through its planned preferential issue as required regulatory approvals are still pending. Additionally, the company's credit rating was recently downgraded, though it is actively working to repay outstanding debts, having already repaid 70% of ₹71.3 Cr in NCDs.