Board Meeting Details
The Board Meeting commenced at 11:00 Hrs and concluded at 15:25 Hrs on 28th July 2026. All resolutions were passed with approval from all directors.
Business Transacted
1. Noted Circular Resolution passed on 20th July 2026 approving reconstitution of Company Committees
2. Taken note of Audit Committee Report as on 30-06-2026
3. Approved Unaudited Financial Results for quarter ended 30-06-2026
4. Taken on record Limited Review Report of Statutory Auditor for quarter ended 30-06-2026
5. Taken note of Internal Audit Report for quarter ended 30-06-2026
6. Taken note of Reconciliation of Share Capital Audit report for quarter ended 30-06-2026 certified by Practicing Company Secretary
7. Taken note of shareholding pattern as on 30-06-2026 submitted to BSE
8. Recommended 15% dividend on equity shares for financial year ended 31-03-2026
9. Adopted Director's Report along with annexures for financial year ended 31-03-2026
10. Taken on record Secretarial Audit Report issued by M/s. Porselvam and Associates for financial year ended 31-03-2026
11. Approved retirement by rotation and reappointment of Mr. K.V. Aiyappan as retiring Director
12. Approved re-appointment of Mr. A.K. Sabesan as Independent Director for second term, subject to shareholder approval
13. Approved re-appointment of Mrs. Revathi Sureshkumar as Independent Director for second term, subject to shareholder approval
14. Taken note of retirement of Mr. M.G. Bhaskar as Independent Director
15. Scheduled 33rd Annual General Meeting for Friday, 18th September 2026 at 03:00 PM IST through Video Conferencing/Other Audio Visual Means
16. Approved closure of Register of Members and fixed cut-off date for remote e-voting
17. Appointed Ms. Sindhuja Porselvam, Peer Reviewed Practicing Company Secretary (Mem No. 44831; CP 23622; Peer Review No. 5912/2024), Proprietor of Porselvam and Associates (Firm Registration No. S2021TN811500) as Scrutinizer for the 33rd AGM
Financial Results for Quarter Ended 30th June 2026
The standalone unaudited financial results show:
- Net profit for the quarter: ₹9.77 lakhs
- Total comprehensive income for the quarter: ₹9.77 lakhs
- Total assets: ₹2,015.71 lakhs (compared to ₹2,003.10 lakhs as at March 31, 2026)
- Equity share capital: ₹540.00 lakhs (unchanged)
- Other equity: ₹1,424.02 lakhs (compared to ₹1,414.25 lakhs as at March 31, 2026)
- Cash and cash equivalents: ₹1,830.37 lakhs (compared to ₹1,858.46 lakhs as at March 31, 2026)
Director Appointments and Changes
Mr. K.V. Aiyappan (DIN: 00117641)
- Reappointed as Non-executive Director cum Chairman
- Field of Experience: Experienced banker with vast experience in international trade and industry
- Related to Mrs. Chitra Sivaramakrishnan (Whole-Time Director) and Mrs. Muthulakshmi Ganesh (Non-Executive Director)
- Not debarred from holding office
Mr. A.K. Sabesan
- Reappointed as Independent Director for second term of 5 years effective 30th September 2026
- Experience: Former Senior Manager in banking sector with over 20 years experience
- No relationships with other directors or key managerial personnel
- Not debarred from holding office
Mrs. Revathi Sureshkumar (DIN: 08507052)
- Reappointed as Independent Director for second term of 5 years effective 30th September 2026
- Qualifications: Commerce graduate with experience in Finance & Accounts
- Holds directorship in private limited company
- Worked in company's purchase, finance and accounts departments
- No relationships with other directors or key managerial personnel
- Not debarred from holding office
Mr. Munjurpet Bhaskar Gopu (DIN: 07527509)
- Ceased to be Independent Director effective close of business hours on 15th June 2026 upon expiration of second term
Additional Information
- Investor complaints: Nil pending at beginning, received, disposed off, and pending at end of quarter
- Financial results reviewed by Audit Committee and approved by Board of Directors
- Figures regrouped/reclassified wherever required