The Board of Directors of Satin Creditcare Network Limited, in a meeting held on Thursday, June 04, 2026, has approved the issue and allotment of up to 38,50,000 Fully Convertible Warrants to Trishashna Holdings & Investments Private Limited, an entity belonging to the Promoter & Promoter Group category. The issue price for these warrants is fixed at ₹260 per warrant, aggregating to a total amount of ₹100.10 crore (Indian Rupees One Hundred Crore and Ten Lakh Only). These warrants are convertible into an equivalent number of fully paid-up equity shares of face value ₹10 each, at the option of the warrant holder, in one or more tranches within 18 months from the date of allotment. The approval of the Company's shareholders is required for this preferential allotment. The 'Relevant Date' for determining the minimum issue price has been set as June 04, 2026. The Board also approved the notice of Postal Ballot for seeking shareholder approval and authorized the Working Committee of the Board to take all necessary actions in connection with this issue. The Board meeting commenced at 12:30 pm and concluded at 12:58 pm.
