Kanungo Financiers Ltd — Important, 24-07-2026: Company Update

The company's board has approved a significant increase in authorized share capital from Rs. 5.24 Cr to Rs. 50 Cr. It also greenlit acquiring 19.50% stakes in Startech Infralogistics for Rs. 42.49 Cr and Peepal Mining & Logistics for Rs. 38.83 Cr. These acquisitions, to be funded via a share swap involving over 4 Cr new shares at Rs. 20 each, aim to diversify operations into logistics, transportation, and mining. Shareholders will vote on these proposals at an Extra-Ordinary General Meeting. Additionally, Mr. Chirag Shah resigned as MD & CFO, and Mr. Atul Marathe was appointed as Executive Director & CFO.