Kreon Finnancial 32nd AGM Notice: Director Pay Hikes, RPTs

AGM Details

The 32nd Annual General Meeting of Kreon Finnancial Services Limited will be held on Wednesday, August 26, 2026, at 11:00 AM (IST) through Video Conferencing (VC). The deemed venue is the Registered Office of the Company at No. 26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai – 600041, Tamil Nadu, India.

The Register of Members and Share Transfer Books of the Company shall remain closed from Thursday, August 20, 2026, to Wednesday, August 26, 2026 (both days inclusive) for the purpose of the AGM.

Ordinary Business

1. Adoption of Audited Financial Statements

To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, including the Audited Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement, together with the reports of the Board of Directors and Independent Auditors.

2. Director liable to retire by rotation

To re-appoint Mrs. Henna Jain (DIN: 08383395), who retires by rotation and is eligible for re-appointment, as a Director of the Company.

Special Business

3. Remuneration of Chairman and Managing Director (Special Resolution)

To approve the revision in the remuneration of Mr. Jaijash Tatia (DIN: 08085029), Chairman and Managing Director, from the existing ₹60,00,000 (Rupees Sixty Lakhs) per annum to ₹75,00,000 (Rupees Seventy-Five Lakhs) per annum, effective from April 01, 2026, for the remaining period of his tenure. The revision is based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, and approval of the Board of Directors granted on May 29, 2026.

4. Remuneration of Joint Managing Director (Special Resolution)

To approve the revision in the remuneration of Mrs. Henna Jain (DIN: 08383395), Joint Managing Director, from the existing ₹60,00,000 (Rupees Sixty Lakhs) per annum to ₹75,00,000 (Rupees Seventy-Five Lakhs) per annum, effective from April 01, 2026, for the remaining period of her tenure. The revision is based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, and approval of the Board of Directors granted on May 29, 2026.

5. Material Related Party Transactions (RPTs) with Tatia Global Vennture Limited (TGVL) (Ordinary Resolution)

To approve entering into material RPTs with Tatia Global Vennture Limited (TGVL), a related party (member of promoter group), for a period of three years from August 26, 2026, to August 25, 2029:

• Borrowings from TGVL: Aggregate limit not exceeding ₹50,00,00,000 (Rupees Fifty Crores).
• Lending to TGVL: Aggregate limit not exceeding ₹10,00,00,000 (Rupees Ten Crores).

6. Material RPTs with Ashram Online.com Limited (AOL) (Ordinary Resolution)

To approve entering into material RPTs with Ashram Online.com Limited (AOL), a related party (member of promoter group), for a period of three years from August 26, 2026, to August 25, 2029:

• Borrowings from AOL: Aggregate limit not exceeding ₹50,00,00,000 (Rupees Fifty Crores).
• Lending to AOL: Aggregate limit not exceeding ₹10,00,00,000 (Rupees Ten Crores).

7. Material RPTs with Opti Products Private Limited (OPPL) (Ordinary Resolution)

To approve entering into material RPTs with Opti Products Private Limited (OPPL), a related party (member of promoter group), for a period of three years from August 26, 2026, to August 25, 2029:

• Borrowings from OPPL: Aggregate limit not exceeding ₹50,00,00,000 (Rupees Fifty Crores).
• Lending to OPPL: Aggregate limit not exceeding ₹10,00,00,000 (Rupees Ten Crores).

8. Material RPTs with Mr. Jaijash Tatia (Ordinary Resolution)

To approve borrowing from Mr. Jaijash Tatia, Chairman and Managing Director and a related party, by way of unsecured loan(s) for a period of three years from August 26, 2026, to August 25, 2029, for an aggregate amount not exceeding ₹10,00,00,000 (Rupees Ten Crores).

Key Financial and Operational Context from Explanatory Statement

• The company's total standalone turnover for FY2025-26 is stated as ₹43.35 crores. The materiality threshold for RPTs is therefore ₹43.35 lakhs (10% of turnover).
• The proposed aggregate borrowing limits from related parties (TGVL, AOL, OPPL, Mr. Tatia) total ₹160 crores.
• The proposed aggregate lending limits to related parties (TGVL, AOL, OPPL) total ₹30 crores.
• The proposed remuneration revisions for both Executive Directors represent a 25% increase.
• The company states that none of the proposed RPTs have been entered into as of the date of the notice.

Voting Information

• E-voting period: Commences on Sunday, August 23, 2026, at 9:00 AM IST and ends on Tuesday, August 25, 2026, at 5:00 PM IST.
• Cut-off date for voting rights: Wednesday, August 19, 2026.
• Scrutinizer: M/s. Lakshmmi Subramanian and Associates, Practicing Company Secretaries, Chennai.
• e-Voting Service Provider: Purva Sharegistry (India) Private Limited.

Additional Information

• The company's CIN is L65921TN1994PLC029317.
• The Notice has been uploaded on the company's website (www.kreon.in), BSE website (www.bseindia.com), and the e-voting service provider's website (https://evoting.purvashare.com/).
• The recorded transcript of the AGM will be uploaded on the company's website.