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

The board has approved a significant increase in authorized share capital from 5.24 Cr to 50 Cr, enabling future share issuance. The company will acquire 19.50% stakes in Startech Infralogistics and Peepal Mining and Logistics for a combined 81.32 Cr via a share swap, diversifying into logistics and mining. This involves a preferential issue of 4.07 Cr equity shares. Additionally, Mr. Chirag Kirtikumar Shah resigned as MD & CFO, with Mr. Atul Ankush Marathe appointed as Executive Director & CFO. An Extra-Ordinary General Meeting is scheduled to seek shareholder approvals for these proposals.