Meeting Details

The company is conducting a postal ballot without a physical meeting, in accordance with MCA circulars (latest dated September 22, 2025). The voting period commences on Monday, September 7, 2026 from 9:00 a.m. (IST) and ends on Tuesday, October 6, 2026 at 5:00 p.m. (IST). The results will be declared on or before 8:30 p.m. (IST) on Wednesday, October 7, 2026.

Proposed Resolutions and Implications

Item No. 1: Appointment of Mr. Sachinn Joshi as Whole-Time Director

  • Ordinary Resolution for appointment as Whole-Time Director for 2 years from August 10, 2026 to August 9, 2028
  • Current Chief Financial Officer and Key Managerial Personnel with over 34 years of experience
  • RBI approval received on August 10, 2026
  • Annual fixed pay: ₹3,63,25,572; Variable remuneration: ₹1,49,25,556
  • Entitled to ESOPs, club membership, communication facilities, insurance, and other employee benefits

Item No. 2: Appointment of Mr. Raju Dodti as Whole-Time Director

  • Ordinary Resolution for appointment as Whole-Time Director for 3 years from August 10, 2026 to August 9, 2029
  • Current Chief Operating Officer with over two decades of BFSI experience
  • RBI approval received on August 10, 2026
  • Annual fixed pay: ₹3,55,41,758; Variable remuneration: ₹1,66,89,274
  • Entitled to ESOPs and similar benefits as Mr. Joshi

Item No. 3: Appointment of Mr. Prashant Kumar as Independent Director

  • Special Resolution for appointment as Independent Director for 5 years from July 10, 2026 to July 9, 2031
  • Former MD & CEO of Yes Bank with four decades of banking experience
  • Currently on board of ICICI Prudential AMC Limited
  • Will receive sitting fees and commission as approved by the Board

Item No. 4: Amendment to Memorandum of Association

  • Special Resolution to amend Clause III(A) - Main Objects of the Company
  • Addition of sub-clause (3) to enable business of issuance, operations and distribution of prepaid payment instruments
  • Allows wallets, cards, digital wallets, co-branded instruments, and auxiliary payment services
  • Subject to RBI approval under Payment and Settlement Systems Act, 2007

Voting Process and Methods

The company is using remote electronic voting facility through CDSL. Members can vote only through e-voting facility with no physical ballot option. The cut-off date for determining voting eligibility is Monday, August 31, 2026. For joint holders, only the first-named holder is entitled to vote.

Key Voting Details

  • Total votes cast: To be determined after voting period
  • Percentage in favor/against: To be determined after voting period
  • Participation breakdown: To be determined by shareholder category
  • Results will be submitted to stock exchanges within two working days of conclusion of e-voting

Scrutinizer Appointment and Role

Mr. Alwyn D'Souza, Practising Company Secretary (Membership No.: FCS - 5559) or failing him Mr. Jay D'Souza, Practising Company Secretary (Membership No.: FCS - 3058) has been appointed as Scrutinizer to ensure fair and transparent e-voting process. The Scrutinizer will submit a report of total votes cast to the Chairman.

Compliance Declaration

The postal ballot is conducted in compliance with Sections 110, 108 of Companies Act, 2013, Rule 22 and 20 of Companies (Management and Administration) Rules, 2014, Secretarial Standard SS-2, SEBI Listing Regulations, and relevant MCA circulars.

Additional Information

The notice includes detailed explanatory statements for each resolution, director profiles, compensation details, and experience summaries. All relevant documents are available for inspection at the registered office or via email request to igrc@ltfs.com until October 6, 2026. The postal ballot notice is available on company website (www.ltfinance.com/investors) and stock exchange websites.