Meeting Details

  • Meeting Date: Wednesday, June 24, 2026
  • Time: 12:00 noon IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: May 29, 2026 (for dividend entitlement)
  • Cut-off Date: June 17, 2026 (for voting rights)

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Balance Sheet, Statement of Profit and Loss, Cash Flow Statement with notes, Directors' Report with annexures, and Auditor's Report for the financial year ended March 31, 2026.

2. Final Dividend Declaration

To declare final dividend of ₹5.20 per equity share for FY26. If approved, dividend payment will be made on or before July 23, 2026, to beneficial owners as of record date May 29, 2026.

3. Director Retirement

Mr. Divya Sehgal (DIN: 01775308), Nominee Director liable to retire by rotation, has not offered himself for reappointment. The resolution proposes not to reappoint him and not to fill the resulting vacancy. Mr. Sehgal was appointed on June 10, 2017, and True North Fund V LLP (promoter) confirmed via letter dated April 20, 2026, that they do not propose to nominate a replacement.

4. Joint Statutory Auditor Appointment

To appoint M/s. Batliboi & Purohit, Chartered Accountants (Firm Registration No.: 101048W) as Joint Statutory Auditors for 3 consecutive years from conclusion of 17th AGM until conclusion of 20th AGM in 2029.

  • Remuneration: ₹40 lakh per annum for FY27, with subsequent remuneration to be mutually agreed
  • Basis: Required under RBI Guidelines as company asset size reached ₹15,166.5 crores as of March 31, 2026, exceeding ₹15,000 crore threshold
  • Existing Auditor: BSR & Co. LLP continues as Statutory Auditor

Special Business Items

5. Reappointment of Independent Director - Ms. Geeta Dutta Goel

To reappoint Ms. Geeta Dutta Goel (DIN: 02277155) as Non-Executive Independent Director for a second term of 5 consecutive years commencing November 1, 2026.

  • Current Term: First term expires October 31, 2026
  • Qualifications: Bachelor's degree in Commerce, PG Diploma in Management from IIM Ahmedabad
  • Experience: Former Managing Director of Michael & Susan Dell Foundation India LLP
  • Current Directorships: Finreach Solutions, Equitas Small Finance Bank, CIIE Initiatives, Niva Bupa Health Insurance, Eldeco Infrastructure, Translation Endeavors
  • FY26 Remuneration: ₹20.5 lakh sitting fees + ₹20 lakh commission
  • Board Attendance: 6 out of 6 meetings in FY26
  • Performance Evaluation: Scored 5 out of 5

6. Reappointment of Independent Director - Mr. Anuj Srivastava

To reappoint Mr. Anuj Srivastava (DIN: 09369327) as Non-Executive Independent Director for a second term of 5 consecutive years commencing November 1, 2026.

  • Current Term: First term expires October 31, 2026
  • Qualifications: B.Tech from IIT Kanpur, attended MBA at London Business School
  • Experience: Co-founder and Director of LivSpace Pte. Ltd., former Google product marketing lead
  • FY26 Remuneration: ₹11 lakh sitting fees + ₹19 lakh commission
  • Board Attendance: 3 out of 6 meetings in FY26
  • Performance Evaluation: Scored 4.64 out of 5

7. Borrowing Limits Increase

To approve increase in borrowing powers under Section 180(1)(c) of Companies Act, 2013 to ₹20,000 crore (including existing borrowings), superseding previous limit of ₹15,000 crore approved at 15th AGM (June 20, 2024).

  • Current Outstanding: ₹10,590 crores as of March 2026
  • Purpose: Business expansion and future loan disbursements
  • Forms: Loans, bonds, non-convertible debentures, term loans, cash credit facilities, commercial papers
  • Counterparties: Banks, financial institutions, mutual funds, NRIs, FIIs, other entities
  • Currency: Indian rupees or equivalent foreign currencies

8. Creation of Charges on Assets

To approve creation of charges on company assets under Section 180(1)(a) to secure borrowings under the increased limit, superseding previous authorization.

  • Security Types: Mortgage, hypothecation, lien on movable/immovable properties, receivables, undertakings
  • Limit: Securing borrowings up to ₹20,000 crore
  • Priority: May rank exclusive/prior/pari-passu/subsequent to existing charges

Voting Arrangements

  • Remote e-Voting Period: June 19, 2026 (9:00 AM) to June 23, 2026 (5:00 PM)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Aashish K. Bhatt, Proprietor of M/s. Aashish K. Bhatt & associates
  • Results Declaration: Within 2 working days after AGM conclusion

Dividend Tax Information

  • Dividend income taxable in members' hands per Finance Act, 2020
  • TDS applicable at prescribed rates
  • Members must submit Form 12B by June 10, 2026, for lower deduction if eligible
  • Non-resident members must provide tax residency documents by June 10, 2026

Financial Impact

  • Dividend payout: ₹5.20 per share (amount not quantified in disclosure)
  • Auditor remuneration: ₹40 lakh annually for FY27
  • Borrowing limit increase: ₹20,000 crore total (current outstanding ₹10,590 crore)