Minolta Finance Limited’s Board of Directors has approved the allotment of 40,00,00,000 fully paid-up Rights Equity shares at a price of Rs. 1.20 per share. This constitutes a significant fundraising exercise for the company. The board also approved the appointment of Mr. Gaurav Khandelwal as the new Company Secretary and Compliance Officer, effective September 01, 2026, following the resignation of Mrs. Shefali Gupta.
Minolta Finance Approves Rights Issue and Key Appointments
In a significant move to bolster its capital base, the Board of Directors at Minolta Finance Limited has given its approval for the allotment of 40,00,00,000 fully paid-up Rights Equity shares. These shares will be issued at a price of Rs. 1.20 per share, which includes a premium of Rs. 0.20. The face value of each share is Re. 1/-. The company will also seek listing and trading approval for these allotted Equity Shares from the stock exchanges.
Leadership Changes
The board meeting also addressed key personnel changes within the company. The resignation of Mrs. Shefali Gupta as Company Secretary and Compliance Officer was accepted, with her cessation from the role effective August 31, 2026. Subsequently, the board approved the appointment of Mr. Gaurav Khandelwal as the new Company Secretary and Compliance Officer. Mr. Khandelwal’s appointment will be effective from September 01, 2026.
Mr. Khandelwal is described as a qualified Company Secretary with extensive professional experience in secretarial, corporate legal, and compliance matters. He has a proven track record of handling secretarial assignments for over 40 private limited companies and possesses experience in annual filings, AGM notices, share transfers, and company closures.
Source: BSE
