Summary of Proceedings of 41st Annual General Meeting Held via Video Conferencing

The 41st AGM was held on 26 September 2026 at 3.00 PM via video conferencing, attended by 32 members, and concluded at 3.30 PM.

Sat 26 Sep 2026

AGM Date and Time

26 September 2026 at 3.00 PM

Meeting Duration

Concluded at 3.30 PM

Attendance

32 members attended via video conferencing

Appointment of Managing Director

Mr. Angalappan Anandakumar as Managing Director for 5 consecutive years

Independent Director Re-appointment

Mr. Somnath Sarkar for a second term of 5 years

What was shared

The company disclosed the summary of proceedings of its 41st Annual General Meeting, held on Saturday, 26 September 2026 at 3.00 P.M. through Video Conferencing / Other Audio-Visual Means. 32 Members attended through video conferencing, forming the quorum. Mr. Gopal Sridharan, Whole Time Director, was unanimously elected Chairman of the meeting.

Voting process

E-voting was provided through the NSDL platform. CS KJ Chandra Mouli, Partner of M/s. BP & associates, Practicing Company Secretary, was appointed Scrutinizer. E-voting was kept open for a further 15 (fifteen) minutes after the meeting. Voting results with the Scrutinizer's report are to be placed on the company's website within 2 working days of the conclusion of the AGM and also uploaded to the exchange.

Business transacted

• Adoption of audited financial statements for the financial year ended 31st March, 2026 with Board and Auditors' reports (Ordinary Resolution)
• Re-appointment of Mrs. Padmini Ceruseri Srikanth as Non-Executive Director retiring by rotation (Ordinary Resolution)
• Appointment of Mr. Angalappan Anandakumar as a Director (Special Resolution)
• Appointment of Mr. Angalappan Anandakumar as Managing Director for a term of five consecutive years (Special Resolution)
• Re-appointment of Mr. Somnath Sarkar as Non-Executive Independent Director for a second term of 5 years (Special Resolution)
• Creation of charges, mortgage and hypothecation on immovable and movable properties under Section 180(1)(a) (Special Resolution)
• Increase in borrowings under Section 180(1)(c) (Special Resolution)
• Material related party transactions with Khivraj Motors Private Limited, Khivrajkamal Motors Private Limited and Khivraj Automobiles and Infrastructure Private Limited (Ordinary Resolutions)

Other points

The Chairman made opening remarks on the NBFC business scenario and the company's performance. The Statutory Auditors' Report and Secretarial Auditors' Report did not contain any qualifications or adverse remarks. Shareholder queries were addressed and the meeting concluded at 3.30 P.M.

What it means for investors

This is a procedural disclosure of what was placed before shareholders. The outcome of each resolution will be known when the voting results and Scrutinizer's report are shared. Items on board changes, borrowing limits, creation of charges and related party transactions with group entities are the ones worth tracking in that results update.

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