Gujarat State Financial Corporation held its 66th Annual General Meeting on July 30, 2026, in physical mode at the Corporation's Head Office at Udyog Bhavan, 1st Floor, Block No. 10, Sector 11, Gandhinagar.
The meeting commenced at 1:00 PM and concluded at 2:10 PM, lasting 1 hour and 10 minutes.
Attendance and Quorum
46 members were present personally, including representatives of:
- His Excellency The Governor of Gujarat
- Small Industries Development Bank of India
- Life Insurance Corporation of India
The requisite quorum of ten shareholders was met. Chairperson and Managing Director Mamta Verma, IAS could not attend due to pre-occupation and authorized Ms. Leenaben D Katdare, Director and Chairperson of Audit Committee, to chair and regulate the meeting.
Meeting Proceedings
The AGM Notice and Annual Report for FY 2025-26 were sent to shareholders via email and published in newspapers and The Gujarat Government Gazette. These documents were also available on the websites of the Corporation, BSE Ltd, and CDSL.
The Auditor's Report for FY 2025-26 was read out, and the following business was transacted:
1. Receipt, consideration, and adoption of the audited financial statements for the financial year ended March 31, 2026, including:
- Balance Sheet as at March 31, 2026
- Statement of Profit and Loss for the year ended March 31, 2026
- Reports of the Board of Directors and Auditors
2. Appointment of M/s. J.H. Mehta & Co, Chartered Accountants, Ahmedabad as Statutory Auditors of the Corporation to hold office from the conclusion of this AGM until the conclusion of the next AGM, as recommended by Reserve Bank of India, and fixation of their remuneration.
Voting Process
Remote e-voting facility was provided through Central Depository Services (India) Ltd platform from 9:00 AM on July 27, 2026, until 5:00 PM on July 29, 2026. Members present at the meeting who had not exercised e-voting were offered the facility to cast votes by poll.
M/s. Spanj & Associates, Company Secretaries, Ahmedabad, with CS Jitendra Leeya as Scrutinizer, were appointed to conduct the poll process and scrutinize both poll papers and e-voting results.
The results of voting on each resolution were to be determined by combining votes cast through e-voting and poll. The Scrutinizer's report was to be received by Secretary (Board) Raveendran Nair, with results declared upon receipt and uploaded on the websites of the Corporation, CDSL, and BSE Ltd.
No queries were raised by members during the meeting.