Allotment of 1368000 securities pursuant to Preferential Issue at its meeting held on March 18, 2025
As filed · SRG Housing Finance Limited has informed the Exchange regarding allotment of 1368000 securities pursuant to Preferential Issue at its meeting held on March 18, 2025
What happened
FactSRG Housing Finance Limited has informed the Exchange regarding allotment of 1368000 securities pursuant to Preferential Issue at its meeting held on March 18, 2025. for shareholder’s approval of issue of Equity Shares through Preferential Issue on Private Placement Basis. allotment of 13,68,000 Equity Shares fully paid-up having face value of Rs.10/-(Rupees Ten Only) each at an.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
ContradictedIn FY25, with the growth of 7.4%, there has been a disbursement of INR305 crores, which was INR284 crores last year.
With a 26% growth in our loan book, in FY25, to INR759 crores, which was INR601 crores last year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- for FY26, we will do INR1,000 crores plus. (management committed by FY26)
- The target was that in the coming time we will do a business of INR30 crore, INR40 crore per month. (management committed by FY27)
Evidence
- SRG Housing Finance Limited has informed the Exchange regarding allotment of 1368000 securities pursuant to Preferential Issue at its meeting held on March 18, 2025(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%