Authum Investment allots preference shares to promoter Mentor Capital
Authum Investment & Infrastructure Limited announced on December 5, 2025, the allotment of 2,000,000 0.01% Non-Cumulative Non-Convertible Redeemable Preference Shares ("NCRPS") to Mentor Capital Limited, a promoter of the company. This allotment, made on a private placement basis, was approved by the Fund Raising and Allotment committee.
Each NCRPS has a face value of Rs. 10, issued at a price of Rs. 1000 per share. This includes a security premium of Rs. 990 per share, bringing the total value of the allotment to Rs. 200 Crores.
The allotment follows a board meeting held on October 16, 2025, and a special resolution passed by shareholders via postal ballot on November 17, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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