TruCap Finance Ltd

Dhanvarsha Finvest Limited was incorporated in November 09, 1994. The Company is a NonBanking 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 Indias 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, aordable and sustainable access to credit to the countrys almost 500 million under served borrowers, either through its own balance sheet or via signicant 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 15,98,727, 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 63,94,90,800 / . 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 46,996, 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 1,87,98,400/ . 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 17,96,944 convertible warrants having face value of Rs 111.30/ on preferential basis to various promoter and nonpromoter individuals/entities for an aggregate amount of Rs. 19,99,99,867.20/. 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 40,43,126 unsecured compulsorily convertible debentures on preferential basis to Wilson Holdings Private Limited for an aggregate amount of Rs 44,99,99,923.80/. 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 9,25,426 equity shares on preferential basis to Wilson Holdings Private Limited pursuant to the conversion of unsecured loan amounting to Rs 10,29,99,913.80/.