Geetanjali Credit and Capital Ltd — Important, 16-07-2026: Company Update

Geetanjali Credit and Capital's board approved a substantial increase in authorized share capital from 10 Cr to 100 Cr, pending shareholder approval. This enables a plan to raise up to 90 Cr through a rights issue of equity shares (Rs. 10 face value each) to eligible shareholders, with specific terms to be finalized by a committee. These moves are crucial for strengthening the company's financial base. Additionally, Independent Director Mr. Mukesh Gupta resigned. The board also approved the Director's Report for FY25-26 and will convene its 36th Annual General Meeting to seek necessary shareholder approvals and address committee reconstitutions.