Shalibhadra Finance 35th AGM Unanimously Approves All Resolutions

Meeting Details

The 35th Annual General Meeting was held on Wednesday, 30th September, 2026 at 1:00 p.m. (IST) through video conferencing/other audio-visual means in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India.

Proposed Resolutions and Implications

The AGM considered eight resolutions:

1. Ordinary Resolution: To adopt the Audited Balance Sheet as at 31st March, 2026 and the Statement of Profit or Loss for the year ended on that date and the Report of Directors and Auditors thereon

2. Ordinary Resolution: To declare dividend on equity shares for the year ending 31st March, 2026

3. Ordinary Resolution: To appoint Mr. Minesh M. Doshi as a Director liable to retire by rotation

4. Ordinary Resolution: To appoint Ms. Ayushi M. Doshi as a Director liable to retire by rotation

5. Special Resolution: To ratify appointment of Mr. Vatsal M. Doshi as Managing Director

6. Special Resolution: To approve enhancement of borrowing powers of the board of directors under section 180(1)(c) of the Companies Act, 2013

7. Special Resolution: To approve powers to board of directors for sale, lease or otherwise disposal of the whole or substantially the whole of the undertaking of the company under section 180(1)(a) of the Companies Act, 2013

8. Special Resolution: To approve issuance of secured, listed, redeemable non-convertible debentures on private placement basis

Voting Process and Methods

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) and e-voting facility at the AGM (Insta E-Voting). The remote e-voting period commenced on Sunday, 27th September, 2026 (9:00 a.m. IST) and ended on Tuesday, 29th September, 2026 (5:00 p.m. IST). Shareholders holding shares as on the cut-off date of 23rd September, 2026 were entitled to vote.

Key Voting Outcomes

Overall Participation

• Total number of shareholders on record date: 4,589
• Number of shareholders attended the meeting through Video Conferencing: 42
• Promoters and Promoter Group: 13
• Public: 29
• Total votes cast: 14,376,927
• Percentage of outstanding shares voted: 46.5447%

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements Adoption)

• Total votes: 14,376,927 (100% in favor)
• Promoter & Promoter Group: 13,303,128 votes (100% in favor)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Public Institutions: 0 votes

Resolution 2 (Ordinary - Dividend Declaration)

• Total votes: 14,376,927 (100% in favor)
• Promoter & Promoter Group: 13,303,128 votes (100% in favor)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Public Institutions: 0 votes

Resolution 3 (Ordinary - Appointment of Mr. Minesh M. Doshi)

• Total votes: 1,073,799 (100% in favor)
• Promoter & Promoter Group: 0 votes (abstained due to interest)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Invalid votes: 13,303,128 from 3 members

Resolution 4 (Ordinary - Appointment of Ms. Ayushi M. Doshi)

• Total votes: 1,073,799 (100% in favor)
• Promoter & Promoter Group: 0 votes (abstained due to interest)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Invalid votes: 13,303,128 from 3 members

Resolution 5 (Special - Ratification of Mr. Vatsal M. Doshi as MD)

• Total votes: 1,073,799 (100% in favor)
• Promoter & Promoter Group: 0 votes (abstained due to interest)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Invalid votes: 13,303,128 from 3 members

Resolution 6 (Special - Enhanced Borrowing Powers)

• Total votes: 14,376,927 (100% in favor)
• Promoter & Promoter Group: 13,303,128 votes (100% in favor)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Public Institutions: 0 votes

Resolution 7 (Special - Disposal of Undertaking Powers)

• Total votes: 14,376,927 (100% in favor)
• Promoter & Promoter Group: 13,303,128 votes (100% in favor)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Public Institutions: 0 votes

Resolution 8 (Special - NCD Issuance Approval)

• Total votes: 14,376,927 (100% in favor)
• Promoter & Promoter Group: 13,303,128 votes (100% in favor)
• Public Non-Institutions: 1,073,799 votes (100% in favor)
• Public Institutions: 0 votes

Scrutinizer's Role and Findings

Mr. Paresh D. Pandya, Company Secretary of M/s. P.D. Pandya & Associates, was appointed as the Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM. The Scrutinizer confirmed that all resolutions were passed with majority of votes and that all electronic data and relevant records of voting will remain in his custody until the Chairman considers, approves and signs the Minutes of the AGM.

Compliance Confirmation

The document confirms compliance with the Companies Act, 2013 and Rules made thereunder, SEBI Listing Regulations, and relevant circulars issued by the Ministry of Corporate Affairs (General Circular No. 14/2020, 17/2020, 20/2020 and 2/2021) and SEBI (circulars dated 12th May, 2020 and 15th January, 2021).