Authum investment secures approval for ₹2,450 crore NCRPS issuance

Authum Investment & Infrastructure Limited has received shareholder approval for the issuance of up to 24.5 crore Non-Cumulative Non-Convertible Redeemable Preference Shares ("NCRPS") with a face value of ₹10 each. These shares will be fully paid-up at a price of ₹1,000 per share, including a premium of ₹990, in one or more tranches.

The total value of this private placement to Mentor Capital Limited, a promoter of the company, will aggregate up to ₹2,450 crore. The approval was granted via postal ballot, with November 17, 2025, being the last date for e-voting.

The NCRPS will have a tenure of 15 years from the date of allotment and will pay dividends at a rate of 0.01% per annum on a non-cumulative basis. Redemption will occur at a premium at the end of the tenure to provide an Internal Rate of Return (IRR) of 6.5% on the issue price. The shares will not be listed on any stock exchange.