Utkarsh SFB 10th AGM Held on August 4

Date: Tuesday, August 04, 2026
Time: 2:30 p.m. to 3:40 p.m. (IST)
Location: Conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
Type: Tenth Annual General Meeting
Compliance: Conducted in compliance with Companies Act, 2013, SEBI Listing Regulations, and relevant circulars from MCA and SEBI

The AGM considered the following five resolutions:

Ordinary Business:

i. To receive, consider and adopt the Audited Financial Statements of the Bank for the financial year ended March 31, 2026 together with the reports of the Board of Directors and the Auditors thereon
ii. To re-appoint Dr. Ram Jass Yadav (DIN: 08911900) as a Director, liable to retire by rotation

Special Business:

iii. To appoint Mr. Anjani Srivastava (DIN: 07594445) as a Non-Executive Non-Independent Director of the Bank
iv. To re-appoint Mr. Parveen Kumar Gupta (DIN: 02895343) as an Independent Director of the Bank
v. To appoint Mr. Sarjukumar Pravin Simaria (DIN: 02436025) as Whole-time Director of the Bank and payment of remuneration to him

Remote e-voting facility was made available from August 01, 2026 to August 03, 2026
E-voting was also available to Members during the AGM and for 30 minutes after the conclusion of AGM
Mr. Avinash Bagul (FCS: 5578, COP:19862), Partner of BNP & Associates was appointed as scrutinizer to scrutinize the e-voting process
The Bank shall disclose the Scrutinizer's report along with the combined results of e-voting to the stock exchanges separately pursuant to Regulation 44 of SEBI Listing Regulations

Dr. Kshatrapati Shivaji, Part Time Chairman and Independent Director, chaired the meeting
Majority of Board Members were present, including Ms. Gauri Shah (Chairperson of Audit Committee and Stakeholders' Relationship Committee) and Mr. Parveen Kumar Gupta (Chairman of Nomination and Remuneration Committee)
Representatives of Joint Statutory Auditors and Secretarial Auditors for FY 2025-26 were present
Mr. Muthiah Ganapathy, Company Secretary confirmed no qualifications, observations or adverse remarks in the Joint Statutory Auditor's Report and Secretarial Auditors' Report
The Chairman highlighted that the microfinance sector witnessed significant challenges during the year, and the Bank adopted a conservative approach focusing on long-term sustainability over short-term growth
Mr. Govind Singh, Managing Director & CEO, addressed Members about Bank's performance during FY 2025-26, measures to strengthen asset quality, portfolio diversification, deposit mobilisation, successful completion of rights issue, and technology-led transformation
Members expressed views/sought clarifications on various aspects, with responses provided by Mr. Govind Singh and Mr. Sarju Simaria

Results of remote e-voting and e-voting during AGM along with Scrutinizer's report will be disclosed to stock exchanges and displayed on Bank's website within two (2) working days from conclusion of AGM
Results will also be placed on e-voting website of NSDL and on notice board at Registered Office of the Bank
Resolutions shall be deemed passed subject to receipt of requisite number of votes in favour

The meeting was conducted in compliance with applicable provisions of: