Book closure for 50% right shares of Central Finance on Poush 4; only 6 trading days left

Central Finance Limited (CFCL) has announced book closure date for upcoming 50% right shares. As per the notice published by the finance today, the book closure date for the AGM has been set from Poush 4, 2074. Thus only those shareholders holding their shares till Poush 3, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM. It will be now issuing 1:0.5 (50%) right share of worth Rs 26.43 core to its existing shareholders at par value of Rs 100. The issue manager for the right issue is NIBL Capital Markets Limited. The finance company’s SGM held on Shrawan 10, 2074 had endorsed 1:0.5 right shares to their shareholders. After 50% right issue, its paid up capital will reach Rs 79.30 crore from existing capital of Rs 52.86 crore. It had earned Rs 20.14 lakh in the first quarter of the FY 2074/75.