Minolta Finance Limited has approved the allotment of 40,00,00,000 Fully Paid-up Rights Equity shares at Rs. 1.20 per share. The company will also seek listing approval for these shares. In a key governance change, Mrs. Shefali Gupta has resigned as Company Secretary and Compliance Officer, and Mr. Gaurav Khandelwal has been appointed to the role, effective September 1, 2026.
Rights Issue and Listing Approval
In a board meeting held on August 24, 2026, Minolta Finance Limited approved the allotment of 40,00,00,000 Fully Paid-up Rights Equity shares. These shares have a face value of Re. 1/- each and were issued at a premium, priced at Rs. 1.20 per Rights Equity share (including a premium of Rs. 0.20 per share) to eligible applicants. The company further resolved to submit an application to the stock exchanges for obtaining the necessary listing and trading approval for these newly allotted Equity Shares.
Key Management Changes
The Board of Directors also accepted the resignation of Mrs. Shefali Gupta from her positions as Company Secretary and Compliance Officer. Her cessation from these roles will be effective from August 31, 2026. Concurrently, the Board approved the appointment of Mr. Gaurav Khandelwal as the new Company Secretary and Compliance Officer, with his tenure commencing on September 01, 2026.
Brief Profile of New Appointee
Mr. Gaurav Khandelwal is a qualified Company Secretary (CS) with extensive professional experience in secretarial, corporate legal, and compliance matters. He has managed secretarial assignments for over 40 private limited companies and possesses experience in annual filings, preparation of Board and AGM notices/minutes, share transfer/transmission, sub-division of share capital, and company closures.
Source: BSE
