Minolta Finance Ltd

Board updates

• Approved allotment of 40,00,00,000 Rights Equity shares at Rs 1.20 per share.
• Submitted listing and trading approval applications to stock exchanges for the Rights Shares.
• Resignation of Mrs. Shefali Gupta as Company Secretary and Compliance Officer effective August 31, 2026.
• Appointment of Mr. Gaurav Khandelwal as Company Secretary and Compliance Officer from September 1, 2026.

Transaction details

• Target Company: MINOLTA FINANCE LIMITED.
• Disclosing Party: BOBROS CONSULTANCY SERVICES PRIVATE LIMITED (Not in promoter/promoter group).
• Transaction Type: Disposal of 262,670 shares via Market Sale.
• Pre-Transaction Holding: 79,19,373 shares (7.92%).
• Transaction Details: 262,670 shares sold (0.26%).
• Post-Transaction Holding: 76,56,703 shares (7.66%).
• Date of Transaction: 13/08/2026.
• Equity share capital before/after: 10,00,00,000 shares; Diluted capital: NA.

Key board resolutions

• Approved unaudited Q1-2026 financial results for quarter ended June 30, 2026, with Limited Review Report.
• Name change proposal: Minolta Finance Limited to Wagad Finance Limited, subject to approvals.
• Appointed M/s CGCA & Associates as Tax Auditors and Consultant, effective 11 August 2026.
• Approved shifting of Registered Office within Kolkata city limits.
• Approved shifting of Registered Office from West Bengal (Kolkata) to Mumbai, subject to approvals.
• Approved AGM notice, Board's Report for FY ended March 31, 2026, and Scrutinizer appointment.

Financial highlights

• Total income for quarter ended 30 Jun 2026: Rs 491.33 lakhs; YoY growth ~138%.
• Net profit for the quarter: Rs 46.81 lakhs; EPS 0.05.
• Interest income Rs 491.33 lakhs; Finance cost Rs 407.90 lakhs; PBT Rs 29.83 lakhs; Tax credit Rs 16.99.
• ECL provision understated by Rs 2.94 crores due to recoveries.
• Debt assignment of Rs 6.18 crores to Radiant FS requires board approval.
• Ransomware attack on July 3, 2026; management says no financial loss.
• Ownership documents missing for Rs 62.87 lakhs investments; carrying value uncertain.
• RBI change in management: application filed March 2026; approval awaited.
• Interest expense not provided in some loan accounts; understated.
• Professional Tax deducted from employees not remitted; PT registration not obtained.
• Quarter ended 30 Jun 2026; Limited Review notes issued by JCR & Co LLP.
• Unaudited standalone results for the quarter ended 30 June 2026.

Financial results

• Approved unaudited standalone results for quarter ended 30 June 2026, with Limited Review Report.

Corporate actions

• Name change to Wagad Finance, subject to shareholder and regulatory approvals.
• Registered office shifted within Kolkata city limits.
• Registered office shifted to Mumbai from West Bengal, subject to approvals.
• Notice for AGM, Board's Report for FY ended 31 March 2026; Scrutinizer appointed; AGM date/time/venue fixed.

Audit and regulatory matters

• Interest expense understated due to missing loan documents; quantification not possible.
• Investments of Rs 62.87 lakhs lack ownership documents.
• Recovery of ₹2.94 crore from Radiant post-date; reduces ECL by ₹2.94 crore.
• Debt assignment of ₹6.18 crores to Radiant requires Board approval.
• RBI approval for change in management awaited.
• Ransomware attack on 3 July 2026; data compromised; management says no financial loss.
• Professional tax deducted but not remitted; PT registration not obtained.

Auditor appointment

• Appointed M/s CGCA & Associates as Tax Auditors & Consultant, effective 11 Aug 2026.

Rights issue schedule changes

• Board approved revised rights issue schedule; last on-market renunciation moved to 14 August 2026.
• Issue Closing Date revised to 20 August 2026.
• Revised period: opening 30 July 2026; renunciation 14 August 2026; closing 20 August 2026.
• Corrigendum approved to circulate changes to BSE Limited and CSE.
• Issue size up to ₹48 crore at ₹1.20 per share (4:1 rights).

Board meeting postponement and results

• Board meeting re-scheduled to August 11, 2026 to approve unaudited financial results for quarter ended June 30, 2026.
• Trading window remains closed for designated persons and immediate relatives until 48 hours after meeting and results disclosure.

Key details

• Target Company: MINOLTA FINANCE LIMITED
• Disclosing Party: BOBROS CONSULTANCY SERVICES PRIVATE LIMITED; not promoter group
• Transaction Type: Disposal of shares
• Pre-Transaction Holding: 1,00,43,512 shares, 10.04%
• Transaction Details: 2,92,829 shares sold, 0.29% of total
• Mode: Market Sale on 06/08/2026
• Post-Transaction Holding: 9.75% voting rights
• Share Capital Context: Equity capital before/after 10,00,00,000; diluted: NA