Meeting Details

The 5th Annual General Meeting of Safa Systems & Technologies Limited was held on Friday, 11th September, 2026 through Video Conferencing (VC)/Other Audio-visual means (OAVM). The meeting commenced at 03:34 P.M. (IST) and concluded at 03:45 P.M. (IST).

Attendance

All Directors of the Company attended the meeting. The meeting was conducted without physical presence of members in accordance with MCA and SEBI circulars. 13 members (including directors who were members) attended the meeting.

Panelists in Attendance

  • Mr. Faizal Bavaraparambil Abdul Khader (Managing Director)
  • Mr. Bavaraparambil Abdhulkadher Hydrose (Non-Executive Director)
  • Ms. Sruthi Muhammed Ali (Non-Executive Director)
  • Mr. Bengolan Anil Kumar (Independent Director)
  • Mr. Sankaranarayanan Nair Sreejith (Independent Director)
  • Mr. Alingal Pandian Rajeswari (Chief Financial Officer)
  • Mr. Amit Saxena, proprietor of M/s Amit Saxena & Associates (Scrutinizer and Secretarial Auditor)
  • Ms. Divya Modi (Company Secretary and Compliance Officer)

Business Transacted

Ordinary Business:

1. To receive, consider and adopt the audited Standalone financial statements for the financial year ended March 31, 2026 and reports of Board of Directors and Auditors

2. To receive, consider and adopt the audited Consolidated financial statements for the financial year ended March 31, 2026 and reports of Board of Directors and Auditors

3. To appoint Mr. Bavaraparambil Abdhulkadher Hydrose (DIN:01390977) as a director liable to retire by rotation

Special Business:

4. Re-appointment of Mr. Sankaranarayanan Nair Sreejith (DIN:09250652) as Independent Director for second term of 5 consecutive years

5. Re-appointment of Mr. Bengolan Anilkumar (DIN:09248528) as Independent Director for second term of 5 consecutive years

6. Approval for shifting Registered Office from State of Kerala to National Capital Territory of Delhi and consequent amendment to Memorandum of Association

7. Approval for power to borrow funds under Section 180(1)(c) of Companies Act, 2013, not exceeding ₹500 crores

8. Approval for increase in limits under Section 180(1)(a) for creating charge on company assets

9. Approval of waiver for recovery of excess managerial remuneration paid to Mr. Faizal Bavaraparambil Abdul Khader (DIN:07729191) for period April 1, 2024 to March 31, 2026

10. Approval of waiver for recovery of excess managerial remuneration paid to Ms. Sruthi Muhammed Ali (DIN:09237016) for period April 1, 2024 to March 31, 2026

11. Approval for payment of managerial remuneration in excess of limits prescribed under section 197 of Companies Act, 2013 for any financial year

12. Approval of increase in remuneration of Mr. Faizal Bavaraparambil Abdul Khader (DIN:07729191), Managing Director

13. Approval of increase in remuneration of Ms. Sruthi Muhammed Ali (DIN:09237016), Non-Executive Director

14. Issuance of Equity Shares on Preferential Basis

Voting Process

The company provided a 15-minute window immediately following the AGM conclusion (until 04:00 P.M.) for shareholders who hadn't voted during the three-day e-voting period to cast their votes. Mr. Amit Saxena was appointed as Scrutinizer to oversee the remote e-voting process.