Srestha Finvest Ltd., a leader in financial solutions, has announced that its board has approved raising of funds through issuance and allotment of equity shares having face value of Rs.2 for an aggregate amount not more than Rs. 49 Crores on right issue basis, on such terms and conditions as may be decided by the Board of Directors of our Company to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently) subject to the receipt of applicable regulatory, statutory approvals, in
accordance with the provisions.
The company further approved increase in authorised share capital of the company from present Rs. 1,17,00,00,000/- divided into 58,50,00,000 equity shares of face value of Rs. 2 each to 1,67,00,00,000/- divided into 83,50,00,000 equity shares of face value of Rs. 2 each and that clause V of Memorandum of Association be altered accordingly, and the appointment of various intermediaries for the aforesaid Rights Issue.
Srestha Finvest Ltd is a leader in the field of financial solutions, offering comprehensive
solutions to both individuals and businesses.In an Indian financial landscape predominantly
reliant on traditional financing avenues, Srestha Finvest recognizes the gaps that stem from a lack of specialized players in the sector. The company, observing the absence of structured financial solutions, limited skill sets, and regulatory constraints that restrict tailored offerings from financial institutions, discerns an opportunity to innovate and deliver customized solutions. Focusing on the Lending Business segment, Srestha Finvest is committed to providing specialized and comprehensive solutions to both Indian corporates and individuals, nurturing and empowering their growth endeavors.
The company prioritizes structured credit products supported by robust cash flows, ensuring a secure and high-quality wholesale lending portfolio. Within the Wholesale Lending Business, the company facilitates diverse credit solutions encompassing project funding, mezzanine financing, acquisition financing, bridge financing, working capital requirements, and personal finance, among others.
Besides lending, Srestha Finvest invests and trades stocks and shares. These investments are made with both strategic intent and trade purposes, aligning with the company’s goal to evolve its business model towards bespoke product offerings for its clientele soon. The company’s core business activities encompass lending money against various securities, movable and immovable properties, finance, hire purchase, and leasing. Operating as a Category ‘B’ NBFC Company registered with the Reserve Bank of India, the company upholds the highest standards of financial governance and compliance. The Company continues to believe in its philosophy that Corporate Governance envisages the attainment of the highest level of transparency, accountability and equity in all areas of its operations and interactions with customers, shareholders, investors, employees, and government authorities. The Company emphasizes on good Corporate Governance and believes in maintaining highest standards of quality and ethical conduct in all activities of the Company. as it would not only encourage value creation but also provide accountability and control systems commensurate with the risks involved.
With a vision to expand and diversify its business verticals, Srestha Finvest aspires to emerge as a comprehensive hub, offering all-encompassing solutions for finance and investment-related products. The securities of the company are listed on BSE (BSE: 539217).