IIFL Finance approves preferential issue of shares and warrants, calls EGM for approvals
IIFL Finance · Finance
Key highlights
- Board approved increase of authorised capital to INR 5621,05,00,146: 235,52,50,000 equity shares of INR 2 and 8,55,48,173 preference shares of INR 602, subject to shareholder approval.
- Preferential issue of 8,55,48,173 compulsorily convertible preference shares and 2,10,00,000 warrants for INR 64,14,20,00,146 cash to Ingot SG, Anchorage funds and promoters.
- EGM on December 4, 2026 to seek approval for capital increase, preferential issue, AOA amendments with special rights for Ingot SG, and re-designation of Venkataraman Rajamani.
Why it's rated notable: the amount is 24% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Preferential Issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from IIFL Finance
- Fundraise / allotmentNotableIIFL Finance to raise ₹6,414 crore in primary equity infusion led by Blackstone
- Fundraise / allotmentNotableIIFL Finance Limited announces preferential issue of shares and amendments on Nov 10, 2026
- Acquisition / mergerMajor developmentIIFL Finance Q2 PAT ₹805.01 crore; Joint MD re-designation awaits members' approval
- Acquisition / mergerMajor developmentIIFL Finance Sept 2026 results; R Venkataraman re-designation awaits members' approval
- Credit ratingNotableIIFL Finance Limited's Credit Rating Upgraded by Fitch Ratings to 'BB-'
Other board / shareholder meeting outcome filings this fortnight
- Mega Nirman & Industries Ltd announces postal ballot results for director appointments and rights issue
- Cubex Tubings Limited announces voting results and scrutinizer report of EGM held on 6 Nov 2026
- SMC Global Securities holds EGM on Nov 6, 2026; approves convertible warrants issuance
- Cubex Tubings Limited holds EGM on 6 Nov 2026 approving preferential issue of warrants
- Dev Labtech Venture: both EGM resolutions passed on 5 Nov 2026
- Apollo Micro Systems Limited announces EGM outcomes and preferential issue details
Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.