Corporate Merchant Bankers Ltd — Important, 24-11-2025: Company Update

Corporate Merchant Bankers Limited has received in-principle approval from BSE for a preferential issue of equity shares. This approval allows the company to issue 93,28,358 new equity shares at a minimum price of Rs. 16.08 each to non-promoters. Additionally, 5,07,75,761 equity shares will be issued to non-promoters at the same minimum price, converting existing loans into equity. This move strengthens the company's capital structure and facilitates debt conversion, which is a positive step for its financial health and future operations.