F Mec International Financial Services Ltd Approves Share Sub-division, Bonus Issue, and NCD Issuance

F Mec International Financial Services Ltd Approves Share Sub-division, Bonus Issue, and NCD Issuance​

F Mec International Financial Services Ltd held a Board meeting on April 08, 2026, where several key corporate actions were considered and approved. The Board sanctioned the sub-division of equity shares, the issuance of bonus shares, and the proposal to raise funds by issuing Secured Unlisted Non-Convertible Debentures (NCDs) on a private placement basis.

The board meeting also approved the change in designation of Mr. Kabeer Choudhary (DIN: 03142141) to Executive Director, effective April 08, 2026, and the appointment of Mitcon Credentia Trusteeship Services Limited as the Debenture Trustee for the forthcoming debentures.

Share Restructuring and Bonus Issue Details​

The company approved two significant shareholder actions, both subject to the requisite approval from the shareholders in an Extraordinary General Meeting (EGM).

First, the board considered the sub-division of one equity share with a face value of ₹ 10 each, fully paid-up, into five equity shares with a face value of ₹ 2 each, fully paid-up. The rationale cited for this corporate action is to improve share liquidity and affordability, making the Company's equity shares more accessible to wider retail investors.

Second, the board approved the issue of bonus equity shares in the ratio of 1:10. This means one bonus Equity Share of ₹ 2 each will be issued for every ten Equity Shares of ₹ 2 each, fully paid-up, held by the shareholders as of the record date.

The detailed specifics of the potential share capital changes are presented below:


For the bonus issue, the company proposes issuing 44,45,884 Equity Shares of face value ₹ 2 each, post considering the split of the face value of shares. The funding source for this bonus issue is noted as the Share Premium Account.

Fundraising via NCDs​

The board also approved a proposal to raise funds through the issuance of Secured Unlisted Non-Convertible Debentures (NCDs) via a private placement.

The details of this issuance are as follows:

• Securities Type: Unlisted, Secured, Non-Convertible Debentures.
• Issuance Type: Issue of NCDs on private placement basis.
• Total Size: Upto ₹ 5,00,00,000/- (Indian Rupees Five Crore).
• Security: The NCDs will be secured by way of hypothecation on a pari-passu charge over the company's assets, including loans and advances, receivables, and investments, maintaining a security cover of at least 100% of the outstanding principal amounts plus interest until the Maturity Date.
• Interest Rate: The coupon/interest offered is Series A - 16% per annum.
• Tenure: Series A has a tenure of 18 months from the Date of Allotment.

Extraordinary General Meeting Details​

A notice was issued for an Extraordinary General Meeting (EGM) scheduled for Monday, May 04, 2026, at 12:30 PM (IST), which will be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) to seek necessary approvals for the approved agendas. The company fixed Monday, April 27, 2026, as the cut-off date for remote e-voting.

The board also approved the appointment of M/s. A.K Verma & Co., Practising Company Secretaries, to act as the Scrutinizer for the EGM and remote e-voting process.

Stock Price Movement​

At the close of trade on Wednesday, F Mec International Financial Services Ltd settled at ₹88.15, edging higher by 3.11%. The shares fluctuated significantly during the day, marking a movement between an intraday low of ₹81.40 and a high of ₹89.10.

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