Key Dates and Logistics
- AGM Date & Time: Tuesday, September 29, 2026, at 11:30 AM IST.
- AGM Mode: To be held through Video Conference (VC) or Other Audio Visual Means (OAVM) without physical attendance, in compliance with MCA circulars.
- Record Date (Cut-off date): September 22, 2026. Shareholders on the register as of this date are entitled to vote.
- Remote E-voting Period: Begins on Saturday, September 26, 2026, at 09:00 AM and ends on Monday, September 28, 2026, at 05:00 PM.
- Share Transfer Book Closure: The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive).
Agenda and Resolutions to be Voted On
Ordinary Business (Ordinary Resolutions)
1. Adoption of Financial Statements: To receive, consider, and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. Re-appointment of Director: To appoint Ms. Jayalakshmi Kumari Kanukollu (DIN: 03423518), who retires by rotation and offers herself for re-appointment.
3. Appointment of Statutory Auditors: To appoint M/s S B C & Co, Chartered Accountants (Firm Registration No. 004673S), as the Statutory Auditors for a term of five years, from the conclusion of the 27th AGM until the conclusion of the 32nd AGM in 2031. The Board is also seeking authorization to fix their remuneration.
- The outgoing auditor, M/s BRAND & Associates LLP, completed their five-year term.
- The outgoing auditors were paid a fee of ₹16,00,000 for FY26. The new auditors, M/s S B C & Co, have proposed a fee of ₹8,00,000 per annum.
Special Business (Special Resolution)
4. Approval for Assignment/Transfer of Loan Receivable: To approve the assignment/transfer of a loan receivable from the company's wholly-owned subsidiary, FA Software Services Private Limited (the "Borrower"), to Aglow Financial Services Private Limited (the "Assignee").
- Principal Amount: ₹15,22,25,760 (Rupees Fifteen Crore Twenty-Two Lakh Twenty-Five Thousand Seven Hundred and Sixty).
- Consideration: ₹40,00,000 (Rupees Forty Lakh Only).
- Excluded Interest: The right to receive accrued interest on the assigned debt is expressly excluded from the transaction and will remain with the company.
- Rationale: The board cites the ageing and recoverability of the loan, the prospects and time involved in recovery, and commercial considerations. The move is intended to monetize the receivable and mitigate recovery risks and costs.
- Aglow Financial Services Private Limited is confirmed not to be a related party.
Voting and Participation Procedures
- The company has appointed National Securities Depository Limited (NSDL) as the agency to facilitate remote e-voting and e-voting during the AGM.
- Shareholders can vote remotely from September 26 to 28, 2026, or during the meeting if they have not voted remotely.
- Members can attend the AGM via VC/OAVM through the NSDL e-Voting system. The facility is available on a first-come, first-served basis for the first 1000 members, excluding large shareholders, promoters, institutional investors, directors, and KMPs.
- The scrutinizer for the e-voting process is Ms. Komal Singh, Practicing Company Secretary (C P No. 28521).
Other Disclosures
- The notice and annual report for FY26 are being sent electronically. Physical copies are available upon request.
- The document includes a detailed resume for Ms. Jayalakshmi Kumari Kanukollu, who is seeking re-appointment. She is a Non-Executive, Non-Independent Director, holds no shares in the company, and received a sitting fee of ₹15,000 per meeting in the last year.
- The company's Registrar and Transfer Agent is Aarthi Consultants Private Limited.