Satin Creditcare Network Limited completes ₹100.10 crore preferential issue of convertible warrants

Satin Creditcare Network Limited completes ₹100.10 crore preferential issue of convertible warrants​

Satin Creditcare Network Limited (SCNL), a leading microfinance institution, announced that its Board approved the issuance of up to 38,50,000 Fully Convertible Warrants (FCW) on a preferential basis. The transaction, which aggregated ₹100.10 crore, was made to its Promoter and Promoter Group entity, Trishashna Holdings & Investments Private Limited.

The Board meeting, held on June 4, 2026, sanctioned the issue of FCWs at an issue price of ₹260 per warrant. This price point represents a premium over both the SEBI-determined floor price of ₹222.82 and the closing market price of ₹235.25 as recorded on June 3, 2026. The issue price is also noted to be virtually equal to the consolidated book value of ₹259 per share as of March 31, 2026, underscoring the confidence in the company’s intrinsic value by its promoters.

Each warrant is convertible into one fully paidup equity share with a face value of ₹10 and can be exercised within 18 months of allotment. The capital infusion from this issuance is intended to strengthen SCNL's financial base and support its growth ambitions across various business verticals.

Post conversion, the promoter shareholding in Satin Creditcare Network Limited is expected to increase from approximately 36.17% to 38.32% on a fully diluted basis.

Promoter Confidence Drives Strategic Investment​

Commenting on the capital infusion, Dr H P Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, stated that the investment reflects a belief in the company’s future potential. He highlighted that SCNL is defined by its mission to serve the underserved community and sees significant momentum building across the Group's subsidiaries.

Dr. Singh noted that entities like Satin Growth Alternatives Limited (SGAL), focused on gender-lens investing, alongside financial services verticals in housing, MSME, and technology, are maturing as independent growth engines. He added that the company aims to reach a consolidated Group AUM of ₹32,000 crore by 2030.

Company Profile Overview​

Satin Creditcare Network Limited (SCNL) operates as a leading microfinance institution with a presence in 32 states and union territories across over 1,00,000 villages. The company’s operations extend beyond traditional MFI services, encompassing financial products for MSMEs and affordable housing loans through its subsidiaries.

Key operational metrics for the company as of March 31, 2026:


SCNL's diversified portfolio includes Satin Housing Finance Limited (SHFL), established in April 2017 for affordable housing loans, and Satin Finserv Limited (SFL), licensed as an NBFC since January 2019 for MSME lending. Furthermore, the Group includes technology solutions via Satin Technologies Limited (STL) and investment management through Satin Growth Alternatives Limited (SGAL).

SATIN Stock Price Movement​

Shares of Satin Creditcare Network Limited are edging higher to ₹236.40 as of 1:34 PM today, gaining 0.49% in live trading. The stock continues to see robust demand, with over 385,177 shares changing hands in the current market session.