Meeting Details

The 42nd Annual General Meeting of Five-Star Business Finance Limited was held on Monday, August 31, 2026, at 10:00 AM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM) mode. The meeting was chaired by Mr. Lakshmipathy Deenadayalan, Chairman & Managing Director.

Attendance

Directors Present:

  • Ms. Rajeshwari S (Independent Director, Chairperson of Audit Committee)
  • Mr. TT Srinivasaraghavan (Independent Director, Chairperson of Risk Management Committee and Customer Service Committee)
  • Mr. Ramkumar Ramamoorthy (Independent Director, Chairperson of Nomination and Remuneration Committee, Stakeholders Relationship Committee and IT Strategy Committee)
  • Mr. Sreeram Ranganathan Iyer (Independent Director)
  • Mr. Thirulokchand Vasan (Non-Executive Director)
  • Mr. Srikanth Gopalakrishnan (Joint Managing Director & CFO)

Other Attendees:

  • Mr. Vigneshkumar SM (Company Secretary & Compliance Officer)
  • Mr. GK Subramaniam, Partner (M/s Deloitte Haskins & Sells, Statutory Auditors)
  • Mr. Sandeep S, Managing Partner (M/s S Sandeep & Associates, Secretarial Auditors and Scrutiniser)

Resolutions Approved

Ordinary Business

1. Adoption of Financial Statements: Audited financial statements together with reports of Directors and Auditors for financial year ended March 31, 2026 were adopted.

2. Final Dividend Declaration: Dividend declared at the rate of ₹2 per equity share for financial year ended March 31, 2026.

3. Director Re-appointment: Mr. Thirulokchand Vasan (DIN: 07679930), who retired by rotation, was re-appointed as director.

4. Statutory Auditor Appointment: M/s Suri & Co, Chennai, Chartered Accountants appointed as Joint Statutory Auditors for 3 consecutive financial years (2026-27, 2027-28, 2028-29).

Special Business

5. Borrowing Limits: Approval for borrowing limits under Section 180(1)(c) of Companies Act, 2013 up to ₹13,000 Crores (Indian Rupees Thirteen Thousand Crores only).

6. Creation of Charges: Approval for creation of charges on company assets under Section 180(1)(a) of Companies Act, 2013 up to ₹13,000 Crores (Indian Rupees Thirteen Thousand Crores only).

7. NCD Issuance: Approval for offer/invitation to subscribe to Non-Convertible Debentures (NCDs) on private placement basis, in one or more series/tranches, aggregating up to ₹5,000 Crores (Indian Rupees Five Thousand Crores only).

8. Director Appointment: Appointment of Mr. Sreeram Ranganathan Iyer (DIN: 00472961) as Non-Executive Independent Director for five consecutive years from July 25, 2026 to July 24, 2031 (both days inclusive).

Voting Process

  • Remote e-voting was conducted through National Securities Depository Limited (NSDL)
  • Voting period: August 28, 2026 (9:00 AM IST) to August 30, 2026 (5:00 PM IST)
  • Mr. S. Sandeep of M/s. Sandeep & Associates appointed as Scrutinizer
  • Combined results of remote e-voting and e-voting during AGM to be announced within two working days from meeting conclusion
  • Results will be available on company website (www.fivestargroup.in) and NSDL website (www.evoting.nsdl.com)

Meeting Duration

The AGM commenced at 10:00 AM IST and concluded at 11:09 AM IST, with e-voting remaining open for an additional 15 minutes after conclusion.

Additional Information

  • The Notice convening the AGM along with Annual Report for FY 2025-26 was circulated electronically to shareholders
  • Physical copies were sent only to shareholders who requested them
  • Statutory Registers were available for inspection in electronic mode
  • Auditors' reports (statutory and secretarial) for year ended March 31, 2026 had no qualifications or adverse observations