Credent Global Finance Ltd — Important, 29-05-2026: Company Update

The company's board has approved the audited standalone and consolidated financial results for the quarter and year. The board also approved a preferential allotment of up to 61.46 lakh convertible equity warrants to a promoter, Mr. Aditya Vikram Kanoria, at Rs. 29.75 per warrant, totaling around Rs. 18.28 crore. These warrants are convertible into one equity share each within 18 months. Additionally, the company confirmed the full utilization of Rs. 30 crore raised from a Qualified Institutions Placement, with funds allocated to augment capital base (Rs. 22.34 crore), issue expenses (Rs. 0.17 crore), and general corporate purposes (Rs. 7.49 crore). Auditors have issued an unmodified opinion on the financial results.