Fincare Business Services Limited notified its shareholders for the 30th&nbsp;Extra-Ordinary General Meeting (EGM) of the members of Fincare Business Services Limited&nbsp; is scheduled on Monday, February 12, 2024, at 12:00 Noon at
 Ground Floor, Bren Mercury, Kaikondanahalli, Sarjapur Main Road, Bengaluru.The company proposes to pass two resolution regarding:-1.&nbsp;The shareholders, at the Extraordinary General Meeting held on March 13, 2019, authorized the Board with the total borrowing limits upto Rs. 400 Crores (Rupees Four Hundred Crore only) for the Company. Keeping in view the requirement of the Company to infuse about Rs 700 crores in Fincare Small Finance Bank Limited (Fincare SFB), subsidiary of Company towards preferential allotment of equity shares by Fincare FSB, it is proposed to increase the borrowing limit up to Rs. 1,000 Crore (Rupees One Thousand Crore only)2.&nbsp;Considering the future borrowing and creation of charge on the assets of the Bank, it is proposed to pass this enabling resolution to create a charge or mortgage on the assets or properties of the Company whereas maximum amount of the indebtedness secured by the properties of the Company does not exceed Rs. 1000 Crores (Rupees One Thousand Crores Only)

Shareholders of Fincare Business Services were notified about the 30th Extra-Ordinary General Meeting (EGM). Learn more on Planify.

Fincare Business Services Limited 30th EGM Notice