Minolta Finance has informed that the Board of Directors of Minolta Finance at its meeting held on Friday, October 31, 2025, has discussed, considered, and approved the following matters: The Board approved the proposal to appoint a Monitoring Agency for the forthcoming Rights Issue of the Company, with a view to ensure transparency in the utilization and monitoring of the Rights Issue proceeds; The Board discussed, considered, and approved that the entire Net Proceeds of the proposed Rights Issue, except issue-related expenses, shall be utilized solely for meeting the Working Capital requirements of the Company in line with its NBFC activities; The Board discussed, considered, and approved the proposal recommended by the Audit Committee regarding certain Related Party Transactions (RPTs) requiring shareholders’ approval. The Board has accordingly approved issuance of Notice to the shareholders for obtaining their approval through a General Meeting or Postal Ballot, as may be deemed appropriate
The above information is a part of company’s filings submitted to BSE.
