Anjani Finance Limited declared the voting results of its 37th Annual General Meeting (AGM) held on September 24, 2026. The company confirmed that all five resolutions placed before shareholders were passed with the requisite majority.

The meeting, conducted in hybrid mode via Video Conferencing and in person at the registered office in Indore, saw the adoption of audited financial statements for the year ended March 31, 2026. The re-appointment of Sanjay Kumar Agarwal as a director retiring by rotation was also approved by the shareholders.

Key Resolutions and Voting Outcomes

The scrutinizer’s report indicated high levels of shareholder support across all agenda items. Notably, Item 4 regarding related party transactions under Regulation 23 of SEBI (LODR) Regulations, 2015, was passed after excluding votes from interested parties.

Excludes votes from promoters and non-promoter related parties holding 5,414,094 and 3,93,838 shares respectively.

What the Numbers Show

The voting data reveals a significant concentration of power among promoter groups, who hold 5,414,094 shares out of the total 10,143,300 outstanding equity shares. This represents approximately 53.37% of the total shareholding. For standard resolutions (Items 1, 2, 3, and 5), the promoter group voted unanimously in favor, contributing to the overwhelming 99.86% support rate.

However, a distinct divergence appears in Item 4 concerning related party transactions. Here, the promoter group abstained from voting due to conflict of interest regulations. Consequently, the resolution relied entirely on public non-institutional investors. Despite this exclusion, the resolution still passed with 97.53% support from eligible voters, indicating minimal dissent from the remaining public shareholders on operational matters involving related entities.

Anjani Finance Limited has scheduled its 37th Annual General Meeting (AGM) for September 24, 2026, at 3:00 pm in hybrid mode at its Indore registered office. Key agenda items include the adoption of FY26 financial statements and approval of related party transactions (RPTs) up to ₹50 crore.

The company reported a sharp decline in total revenue to ₹5,213.35 thousand in FY26, down from ₹11,049.05 thousand in FY25. Despite the revenue contraction, net profit after tax rose to ₹1,592.39 thousand from ₹4,639.93 thousand in the previous year, driven largely by a write-back of earlier year tax provisions.

Meeting details

The AGM will be held at "The Agarwal Corporate House", Indore, allowing participation via video conferencing or in person. Shareholders can exercise remote e-voting between September 21–23, 2026.

Key agenda items

Shareholders will transact ordinary and special businesses during the meeting:

• Adoption of financial statements: Receipt and adoption of audited financials for the year ended March 31, 2026.
• Director reappointment: Reappointment of Mr. Sanjay Kumar Agarwal (DIN: 0023611), who retires by rotation as a Non-Executive, Non-Independent Director.
• Confirmation of independent director: Confirmation of Mr. Nilay Agrawal (DIN: 11252292) as a Non-Executive Independent Director for a five-year term from June 30, 2026, to June 29, 2031.

Related party transactions and loans

The company seeks shareholder approval for two major financial resolutions:

1. Related party transactions (RPTs): Approval under Regulation 23 of SEBI (LODR) Regulations for transactions up to ₹50 crore with related parties between the 37th and 38th AGMs. These include loans and advances on an arm's length basis.
2. Loans and guarantees: Approval under Section 186 of the Companies Act, 2013, for the Board to provide loans, guarantees, or securities up to an aggregate outstanding amount of ₹50 crore at any point in time.

Proposed related party transaction details

Key proposed transactions involve entities connected to promoters and directors:

All proposed loans are unsecured, repayable on demand, and have a tenure of one year. The transactions are justified as mutually beneficial, enabling related parties to meet funding requirements while allowing Anjani Finance to deploy resources efficiently.

What the numbers show

The divergence between revenue decline and profit growth warrants attention. While interest income fell to ₹5,208.89 thousand from ₹6,380.04 thousand, other income dropped significantly to ₹4.46 thousand from ₹2,048.41 thousand. However, the net profit increase was primarily fuelled by a ₹621.28 thousand write-back of earlier year excess tax provision and a ₹66.88 thousand deferred tax write-back, offsetting lower operational earnings. This suggests the profit growth is non-operational in nature, driven by tax adjustments rather than core business expansion.

Shareholder instructions

Electronic copies of the AGM notice and Annual Report for FY26 were dispatched starting August 31, 2026. Physical shareholders must submit KYC details using Form ISR-1. Failure to update these details may restrict access to services such as dividend payments, which will be processed only electronically from April 1, 2024 onwards.

In compliance with Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015, letters have been dispatched to shareholders who have not registered their email addresses. These letters contain web-links where the complete details of the 37th Annual Report are available. Shareholders wishing to receive a physical copy may contact the company directly.