Stock Report

Satin Creditcare Network Ltd announces Rs. 100 crore preferential issue to promoters

Posted On : 2026-06-05 22:05:24( TIMEZONE : IST )

Satin Creditcare Network Limited (NSE: SATIN | BSE: 539404), one of India's leading microfinance institutions, announced that its Board of Directors approved, at its meeting held on June 4, 2026, the issuance of up to 38,50,000 Fully Convertible Warrants (FCW) on a preferential basis to its Promoter & Promoter Group entity, Trishashna Holdings & Investments Private Limited, at an issue price of ₹260 per warrant, aggregating to ₹100.10 crore.

The issue price of ₹260 per warrant represents a premium of approximately ~17% over the SEBI-determined floor price of ₹222.82, being the higher of the 10-day and 90-day volumeweighted average prices of the Company's equity shares preceding the relevant date. The issue price is also at a premium of 10.5% to the closing market price of ₹235.25 as on 3rd June 2026, and is virtually equal to the consolidated book value of ₹259 per share as of March 31, 2026, underscoring the promoters' conviction that the Company's intrinsic value is substantially higher than current market levels. Each warrant is convertible into one fully paidup equity share of face value ₹10, exercisable within 18 months of allotment.

The proceeds from this issuance will strengthen SCNL's capital base and support the growth ambitions. Post conversion, promoter shareholding will increase from approximately 36.17% to 38.32% on a fully diluted basis.

Commenting on the development, Dr H P Singh, Chairman cum Managing Director, Satin Creditcare Network Limited, said: "This investment is a direct expression of our belief in what Satin Creditcare is building - and what it will become. We are investing at a premium not despite market conditions, but because we see a business whose full value is yet to be recognised. SCNL has always been defined by its mission to serve the underserved, and that mission has never been more relevant or more scalable than it is today.

What excites me most is the momentum building across the Group. Our subsidiaries are no longer just complementary businesses - they are becoming engines of growth in their own right. From SGAL's gender-focused alternative investment platform to our financial services verticals in housing, MSME and technology, each entity is maturing, gaining traction, and contributing to a sum that is far greater than its parts. Our target is to reach a consolidated Group AUM of ₹32,000 Crore by 2030, and this capital infusion is a meaningful step in that journey. I have never been more confident in the road ahead.

The proposed preferential allotment is subject to approval of shareholders through postal ballot and compliance with applicable provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The e-voting period opens on June 5, 2026 and closes on July 4, 2026.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 241.20 as compared to the previous close of Rs. 242.00. The total number of shares traded during the day was 63255 in over 785 trades.

The stock hit an intraday high of Rs. 245.00 and intraday low of 235.25. The net turnover during the day was Rs. 15150122.00.