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Kanungo Financiers Limited launches Rs 20 preferential share offering, appoints Atul Marathe as Managing Director
29-Jul-2026, 05:06
Kanungo Financiers Limited announced a preferential share offering priced at Rs 20 per share, including a Rs 10 premium, to raise capital, with a face value of Rs 10 per share and a July 22, 2026, pricing date. A compliance certificate from Ramesh Chandra Bagdi & Associates confirms adherence to SEBI ICDR Regulations. Simultaneously, the company appointed Atul Ankush Marathe as Managing Director for a five-year term beginning August 21, 2026, succeeding his previous role as Director; his remuneration is subject to committee and board approval. The appointment was disclosed alongside confirmation that Kanungo Financiers and its promoters/directors are not willful defaulters or fraudulent borrowers. The notice regarding these developments was released July 24, 2026, and is available on [https://kanungofinanciers.com/notice](https://kanungofinanciers.com/notice) and [www.kanungofinanciers.com](www.kanungofinanciers.com).
Kanungo Financiers Limited announced a preferential share offering priced at Rs 20 per share, including a Rs 10 premium, to raise capital, with a face value of Rs 10 per share and a July 22, 2026, pricing date. A compliance certificate from Ramesh Chandra Bagdi & Associates confirms adherence to SEBI ICDR Regulations. Simultaneously, the company appointed Atul Ankush Marathe as Managing Director for a five-year term beginning August 21, 2026, succeeding his previous role as Director; his remuneration is subject to committee and board approval. The appointment was disclosed alongside confirmation that Kanungo Financiers and its promoters/directors are not willful defaulters or fraudulent borrowers. The notice regarding these developments was released July 24, 2026, and is available on [https://kanungofinanciers.com/notice](https://kanungofinanciers.com/notice) and [www.kanungofinanciers.com](www.kanungofinanciers.com).