Proceedings of the 33rd Annual General Meeting held via video conference

The 33rd AGM was held on Friday, September 25, 2026 at 11:30 A.M. via video conference, concluding at 11:46 A.M.

Fri 25 Sep 2026

AGM Date and Time

Friday, September 25, 2026 at 11:30 A.M.

AGM Format

Via video conference

Meeting Duration

11:30 A.M. to 11:46 A.M.

Key Appointments

Shri Manikumar Sivaramakrishnan as Deputy Managing Director; Shri Dilip Singh Punia as Independent Director

Voting Period

15 minutes after meeting concluded

What happened

IFCI Limited shared the proceedings of its 33rd Annual General Meeting, held on Friday, September 25, 2026 at 11:30 A.M. through video conference or other audio visual means. The meeting concluded at 11:46 A.M. Shri Rahul Bhave, MD & CEO, was elected Chairman of the meeting.

Items transacted

• Ordinary Business: adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, with the Board and Auditors' reports and comments of the Comptroller and Auditor General of India.
• Ordinary Business: resolution not to fill up the vacancy caused by retirement of Prof. Narayanaswamy Balakrishnan by rotation.
• Ordinary Business: fixing remuneration of the Statutory Auditors under Sections 139(5) and 142 of the Companies Act, 2013.
• Special Business: appointment of Shri Manikumar Sivaramakrishnan as Deputy Managing Director (ordinary resolution).
• Special Business: appointment of Shri Dilip Singh Punia as Independent Director (special resolution).

Auditor remarks

The Company Secretary informed members that there were no qualifications, observations, adverse remarks or disclaimers by the Statutory Auditors. Certain Emphasis of Matter on the Standalone and Consolidated Financial Statements formed part of the Annual Report, as did the C&AG's supplementary audit comments with management's reply. The Secretarial Auditor made an observation regarding the absence of the requisite number of Independent Directors, including an Independent Woman Director; management's reply is part of the Annual Report.

Voting

Voting remained open for 15 minutes after the meeting concluded. Results of e-voting at the meeting, aggregated with remote e-voting, are to be placed on the Company's website, the stock exchanges and the Registered Office notice board.

What it means for investors

This is a procedural record of the AGM business. The actual outcome of each resolution will be known from the separate voting results. The secretarial audit observation on board composition is a governance point shareholders may wish to track.

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