RCS - India CapitalGrwthFd - Update from QuotedData

India Capital Growth FundAnnouncement

26/02/2026 08:30

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RNS Number : 5307U  India Capital Growth Fund Limited  26 February 2026

 

India Capital Growth Fund - Update from QuotedData

26 February 2026

Some welcome improvements

India Capital Growth Fund (IGC) is asking shareholders
(https://quoteddata.com/glossary/shareholders/) to approve replacing its
biennial (every other year) redemption facility with five-yearly
performance-based tender offers
(https://quoteddata.com/glossary/tender-offer/) . This change aims to help the
adviser take a longer-term approach to investments.

The board (https://quoteddata.com/glossary/board/) also plans to introduce a
new dividend (https://quoteddata.com/glossary/dividend/) policy, paying out
about 2% of NAV as a dividend, with the aim to grow this over time if
possible. Shareholders who prefer to reinvest rather than receive income
(https://quoteddata.com/glossary/income/) can use a dividend reinvestment plan
(https://quoteddata.com/glossary/dividend-reinvestment-plan/) .

We support both proposals and encourage shareholders to vote in favour at the
EGM (https://quoteddata.com/glossary/egm/) on 25 March 2026.

The board has also changed IGC's performance benchmark
(https://quoteddata.com/glossary/benchmark/) to the MSCI India SMID Index
(https://quoteddata.com/glossary/index/) , which better reflects IGC's
portfolio (https://quoteddata.com/glossary/portfolio/) than the previous BSE
Mid Cap Index. This change took effect from 1 January 2026 and does not
require shareholder approval.

Full Research:

https://quoteddata.com/research/india-capital-growth-fund-some-welcome-improvements-qd/
(https://quoteddata.com/research/india-capital-growth-fund-some-welcome-improvements-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
and distributes research on a number of quoted companies, facilitates meetings
between those companies and existing and potential investors and assists in
raising additional capital where required.

NB: Marten & Co was paid to produce this note India Capital Growth Fund
Limited, and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
and regulated by the Financial Conduct Authority. Marten & Co is not
permitted to provide investment advice to individual investors categorised as
Retail Clients under the rules of the Financial Conduct Authority.

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