RGF Capital Markets Ltd — Important, 01-01-1970: Company Update

A group of acquirers led by Mr. Nishad Jitendra Shah has launched an open offer to acquire up to 26% of RGF Capital Markets' voting shares at ₹1 per share, totaling ₹3.90 crore. This follows their previous acquisition of 24.98% of shares. The company has announced a board meeting to approve a preferential allotment of 50 crore warrants, convertible into equity shares at ₹1 each, which the acquirers plan to subscribe to. This move signifies a change in control, with the new promoters aiming to expand the NBFC's business while upholding public shareholding requirements. The company reported a net loss of ₹0.09 crore for the half-year, with net worth at ₹13.74 crore.