Key Quantitative Figures

  • Proposed increase in investment/loan/guarantee/advances limit: ₹350 crores (subject to shareholder approval)
  • Proposed increase in borrowing power limit: ₹500 crores (subject to shareholder approval)

Dates of Action

  • Board Meeting Date: 12th August 2026
  • Meeting Time: 4:00 PM to 6:00 PM
  • Director Appointments Effective: 12th August 2026
  • Internal Auditor Re-appointment: 12th August 2026 for financial year 2026-27

Parties Involved

  • New Independent Directors: Mr. Anil Kumar Bagri (DIN: 00014338), Mr. Suresh Kishanlal Mundra (DIN: 00219548)
  • Internal Auditors: M/s. CAS & Co Chartered Accountant
  • Scrutinizer for AGM: M/s. Jajodia & Associates, Practising Company Secretary
  • E-voting Facility: National Securities Depositories Limited

Board Meeting Agenda Items Approved

1. Un-Audited Standalone Financial Results for Q1 ended 30th June 2026 with Limited Review Report (Annexure A)

2. Appointment of Mr. Anil Kumar Bagri as Additional Non-Executive Independent Director

  • Graduate with vast experience in NBFC Sector
  • Not related to any Directors, KMP or Promoters
  • Not debarred from holding director office by any SEBI order

3. Appointment of Mr. Suresh Kishanlal Mundra as Additional Non-Executive Independent Director

  • Highly experienced finance and corporate governance professional with over four decades of diverse industry exposure
  • Not related to any Directors, KMP or Promoters
  • Not debarred from holding director office by any SEBI order

4. Director's Report along with annexures for FY 2025-2026

5. Draft Notice convening Annual General Meeting

6. Re-appointment of Director retiring by rotation

7. Approval of Secretarial Audit Report for FY 2025-26

8. Approval of Internal Audit Report for FY 2025-26

9. Appointment of M/s. Jajodia & Associates as Scrutinizer for upcoming AGM

10. Appointment of NSDL for E-voting facility for AGM

11. Re-appointment of Internal Auditors for 2026-2027

  • M/s. CAS & Co Chartered Accountant re-appointed
  • Experience in Audit & Assurance, Tax, Litigation support, Indirect Tax, Corporate laws, Tax Audits, Statutory Audits
  • Term: Financial year 2026-27 on mutually agreed terms

12. Proposal to increase investment/loan/guarantee/advances limit to ₹350 crores (exceeding Section 186 limits)

13. Proposal to increase borrowing power to ₹500 crores (exceeding Section 180(1)(c) limits)

14. Any other business with permission of chairperson

Financial Impact

Both the increased investment limit (₹350 crores) and borrowing limit (₹500 crores) are subject to shareholder approval in the upcoming Annual General Meeting. The financial impact of these proposals will be determined based on actual utilization post-approval.

Capital Structure Impact

The document does not disclose any immediate impact on capital structure. The proposed increases in investment and borrowing limits would enable future transactions but do not directly alter the current capital structure.

Governance Updates

  • Two new independent directors appointed strengthening board composition
  • Internal auditors re-appointed for continuity
  • AGM preparations underway with scrutinizer and e-voting facility appointed

Annexures Submitted

  • Annexure A: Un-Audited Standalone Financial Results for Q1 FY27 with Limited Review Report
  • Annexure B: Disclosure for appointment of Mr. Anil Kumar Bagri
  • Annexure C: Disclosure for appointment of Mr. Suresh Kishanlal Mundra
  • Annexure D: Disclosure for re-appointment of internal auditors