Corporate Merchant Bankers News

Corporate Merchant Bankers Allots 6 Crore Equity Shares on Preferential Basis

Corporate Merchant Bankers Limited's board approved allotment of 6,01,04,119 equity shares at Rs. 16.08 per share to non-promoter entities, including conversion of Rs. 81.64 crore unsecured loans into equity and cash consideration. The allotment increased the company's paid-up share capital from Rs. 3.30 crore to Rs. 63.40 crore, with shares issued to entities including Jevik Agri Organics Private Limited, Patriotic Tradelink Private Limited, and Shree Vainkateshwar Finstock Private Limited.

Corporate Merchant Bankers Limited Receives BSE In-Principle Approval for Equity Share Issue

BSE has granted in-principle approval to Corporate Merchant Bankers Limited for issuing 93,28,358 equity shares at Rs. 16.08 each to non-promoters and 5,07,75,761 equity shares against loan conversion on preferential basis. The approval affects the company's capital structure and provides pathway for fundraising, though separate listing approval will be required after allotment.

Corporate Merchant Bankers Limited Reports Strong Quarterly Turnaround with 102.22 Lacs Profit

Corporate Merchant Bankers Limited posted a profit of 102.22 lacs for the quarter ended September 30, 2025, marking a significant improvement from a loss of 2.16 lacs in the same period last year. The company's total income increased to 156.06 lacs with total equity rising to 718.78 lacs, though the board has not recommended any dividend for the financial year 2025-26.