Satin Creditcare Network Limited has announced an upcoming postal ballot to seek shareholder approval for the issuance of up to 38,50,000 Fully Convertible Warrants to Trishashna Holdings & Investments Private Limited, an entity belonging to the Promoter & Promoter Group. The warrants will be issued on a preferential basis at an issue price of ₹260 each. The total issue size amounts to ₹100.10 crore. These warrants are convertible into equity shares of face value ₹10 each within 18 months from the date of allotment. The 'Relevant Date' for determining the minimum issue price of the warrants is June 04, 2026. The remote e-voting period for the postal ballot commences on Friday, June 05, 2026, at 9:00 AM IST and concludes on Saturday, July 04, 2026, at 5:00 PM IST. The results of the postal ballot will be announced on or before Tuesday, July 07, 2026. The company has appointed DPV & Associates LLP as the scrutinizer for the postal ballot process.
