TruCap Finance Ltd

TruCap Finance Ltd

Dhanvarsha Finvest Limited was incorporated in November 09 1994. The Company is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) dated 05th January 2021. The Company is engaged primarily in the business of providing financial service activities like Micro Enterprise Loans SME Loans Other Structured Business Personal Loans Gold Loans and in providing ancillary services related to the said business activities. The Company started with an idea to `build social capital' by aiming to provide credit solutions to India's large under served and under banked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai the Company aims to provide timely a?ordable and sustainable access to credit to the country's almost 500 million under - served borrowers either through its own balance sheet or via signi?cant distribution tie ups coupled with robust technology engine. The Company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking ?ntech taxation regulation and global businesses. During the year 2021 the Company issued convertible securities as follows:a) The Board of Directors vide Resolution passed by circulation dated April 14 2021 allotted 1598727 10% Unsecured Compulsorily Convertible Debentures (CCDs) at an issue price of Rs 400/- for cash at par on preferential basis for an aggregate amount of Rs 639490800 /- . These securities shall be convertible into equivalent number of shares of the Company at a conversion price of Rs 400/- per equity share within 18 months from the date of allotment.b) The Board of Directors vide Resolution passed by circulation dated April 15 2021 allotted 46996 10% Unsecured Compulsorily Convertible Debentures (UCCDs) at an issue price of Rs 400/- for cash at par on preferential basis for an aggregate amount of Rs 18798400/- . These securities shall be convertible into equivalent number of shares of the Company at a conversion price of Rs 400/- per equity share within 18 months from the date of allotment.c) The Board of Directors of the Company in their meeting held on November 03 2020 allotted 1796944 convertible warrants having face value of Rs 111.30/- on preferential basis to various promoter and non-promoter individuals/entities for an aggregate amount of Rs. 199999867.20/-. These warrants shall be convertible into equivalent number of equity shares of the Company at a conversion price of Rs. 111.30/- per equity share within 18 months from the date of allotment. These convertible warrants have been allotted against the subscription price equivalent to 25% of the issue price and balance exercise price equivalent to 75% of the conversion price of the equity shares shall be payable by the warrant holders at the time of exercising options of conversion of the warrants.d) The Board of Directors of the Company at their meeting held on November 03 2020 allotted 4043126 unsecured compulsorily convertible debentures on preferential basis to Wilson Holdings Private Limited for an aggregate amount of Rs 449999923.80/-. These securities shall be convertible into equivalent number of equity shares of the Company at a conversion price of Rs 111.30/- per equity share within 18 months from the date of allotment.e) The Board of Directors at their meeting held on November 03 2020 allotted 925426 equity shares on preferential basis to Wilson Holdings Private Limited pursuant to the conversion of unsecured loan amounting to Rs 102999913.80/-.