Fynx Capital boosts authorised capital to ₹1,050cr

Company announcement and what changed

Fynx Capital Limited, formerly known as Rajath Finance Limited, disclosed a sharp increase in its authorised share capital, taking it from ₹25 crore to ₹1,050 crore. The company said shareholders approved the move through electronic voting and ballots at an Extraordinary General Meeting held on June 20, 2026. It also disclosed that the relevant change to Clause V of the Memorandum of Association, which governs share capital, has been completed. Authorised share capital sets the upper limit of equity a company can issue, so such changes typically expand the company’s headroom for future issuances.

At the same time, other company filings and meeting notices in late May and June 2026 discussed an authorised capital increase from ₹25 crore to ₹105 crore, also subject to shareholder approval. The company later reported voting results of an EGM held on June 29, 2026, where shareholders approved, among other items, a resolution to increase authorised share capital and alter the capital clause of the Memorandum of Association. Investors tracking the name saw two different target figures for authorised capital in the available disclosures, with ₹1,050 crore referenced in the June 20 item and ₹105 crore referenced in the May 28 board outcome and June 29 EGM-related communications.

How shareholder approvals were routed through EGMs

The company’s disclosures point to multiple shareholder processes during June 2026. One EOGM is cited as being held on June 20, 2026, where the authorised capital was stated to have been raised to ₹1,050 crore and the MoA clause amendment completed. Separately, the company scheduled an Extraordinary General Meeting on June 29, 2026, with the notice stating that shareholders would consider related party transactions and an authorised capital increase to ₹105 crore.

For the June 29 EGM, remote e-voting was scheduled to begin at 9:00 AM on June 25, 2026, and end at 5:00 PM on June 28, 2026. Members holding shares as of June 22, 2026, were stated to be eligible to vote. After the meeting, the company disclosed voting results showing shareholders approved three resolutions, including two related party transaction approvals and a resolution to increase authorised share capital with a consequent MoA alteration.

Related party transactions placed before shareholders

The June 29, 2026 EGM agenda included approvals for related party transactions totalling ₹5.45 crore, according to the meeting intimation. The transactions referenced entities including M/s Parshwashanti Buildinfra Projects Private Limited and M/s Billmart Fintech Private Limited. The company also described the transactions as involving rent for office premises and technology services with entities that have common directors, as per the provided text.

One proposal described was to ratify and continue a related party transaction with Parshwashanti Buildinfra Projects Private Limited for the use of office premises as the registered office. Shareholder approval is typically sought to align such arrangements with listing and governance requirements, and the company’s voting results indicated the resolutions were passed.

Board meeting outcomes and audited FY26 results

Fynx Capital’s board met on May 28, 2026, to approve standalone audited financial results for the quarter and financial year ended March 31, 2026. The company disclosed that the statutory auditors, M/s N. C. Vaishnav & Co., issued an unmodified opinion. In that board outcome, the company reported a net loss of ₹3.38 crore for FY26 versus a net loss of ₹2.49 crore in FY25.

The same board outcome said the board recommended an authorised share capital increase from ₹25 crore to ₹105 crore, subject to shareholder approval. The company also disclosed that it completed a 1:10 stock split, stating that one share held would become 10 shares, with an ex-date of February 25, 2026 as per the events list.

Trading window closures ahead of results

In another compliance-related disclosure dated June 25 (time noted as 6:30 pm in the provided text), Fynx Capital announced closure of its trading window for designated persons and their immediate relatives. The company said the closure is in line with SEBI (Prohibition of Insider Trading) Regulations, 2015 and its internal code of conduct. The trading window was stated to be shut from Wednesday, July 1, 2026 until 48 hours after the board meeting at which unaudited financial results for the quarter ended June 30, 2026 would be approved. The company added that the exact date of the board meeting would be communicated later.

The text also references an earlier trading window closure effective from Wednesday, April 1, 2026 until 48 hours after the board meeting for approval of audited standalone financial results for the quarter and year ended March 31, 2026. These disclosures are typically monitored by investors because they signal upcoming results approvals and follow standard insider trading compliance practices.

Q1 results: loss narrows, income disclosed

The company later disclosed unaudited results for the quarter ended June 30, with board approval stated to have occurred on July 23 and publication in newspapers stated to have occurred on July 25. It reported a net loss of ₹0.5688 crore for the quarter, compared with a net loss of ₹0.6898 crore in the corresponding quarter of the previous year. The company described this as a 17.54% improvement year on year.

Total income from operations for the quarter was reported at ₹0.2568 crore. Equity share capital was stated at ₹2.00 crore, and earnings per share (EPS) was stated at -₹2.84. The company also referenced publication of results in The Free Press Journal and Navshakti, citing compliance with Regulation 30 and 47 of SEBI (LODR) Regulations, 2015.

Stock metrics and trading data cited in disclosures

The provided text shows Fynx Capital’s share price at ₹4.57 as of June 27, 2026, and another snapshot showing ₹4.75 with a 1-year return of +144.85%. It also lists a market capitalisation figure of ₹89 crore. These figures provide context for how the market is valuing the company around a period that included a stock split, shareholder votes, and multiple governance disclosures.

Separately, the text also contains an EPS (TTM) figure of -0.16 and a revenue figure of ₹1.609 crore (shown as 16.09 million INR) for a period ending 03/2026 in an earnings table snapshot. Since these appear as third-party formatted data in the provided content, investors typically reconcile them with company filings and the reported audited and unaudited results.

Key facts table

Market impact and what investors usually track next

An authorised capital increase, whether to ₹105 crore or ₹1,050 crore as mentioned across the provided disclosures, expands the company’s ability to issue shares within the authorised limit, subject to further board and regulatory steps. For investors, the immediate observable effects in the provided text are more compliance and governance related: shareholder voting, MoA amendments, and related party transaction approvals.

Operationally, the company’s recent financial performance in the provided data shows continuing losses, though the quarterly loss narrowed year on year for the quarter ended June 30. Investors also tend to track the timing of board meetings for results approvals, particularly when trading windows are closed until 48 hours after the relevant meeting, and watch for subsequent exchange filings that confirm meeting dates and outcomes.

Conclusion

Fynx Capital’s June 2026 disclosures centred on shareholder approvals for an authorised capital expansion, MoA amendments, and related party transactions, alongside trading window closures ahead of results. The company also reported FY26 and Q1 figures that showed losses continuing, with Q1 loss narrowing year on year. The next expected updates, based on the company’s own statements, include communication of the board meeting date for approval of the unaudited quarterly results where it had not been specified at the time of the trading window closure disclosure.