Anupam Finserv Limited shareholders approved key special resolutions, including the issuance of convertible warrants on a preferential allotment basis, during its 35th Annual General Meeting held on September 30, 2026. The meeting also ratified the remuneration payable to Siddharth Gala, Chief Executive Officer and Managing Director, and material related party transactions.

The virtual meeting commenced at 12:15 pm and concluded at 12:30 pm. Siddharth Gala chaired the proceedings, which were conducted via Video Conferencing in accordance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. E-voting facilities were active from September 27 to September 30, 2026, allowing members to cast their votes remotely.

Ordinary business transacted

During the ordinary business segment, members adopted the audited financial statements for the financial year ended March 31, 2026, along with the reports of the directors and auditors. Additionally, Pravin Gala was re-appointed as a director retiring by rotation, having offered himself for reappointment and being eligible under the Companies Act, 2013.

Special resolutions approved

The following special business items were approved by the shareholders through special resolutions:

• Issuance of convertible warrants on a preferential allotment basis
• Remuneration payable to Siddharth Gala as CEO and MD
• Material related party transactions

Kushla Rawat, a practicing company secretary, served as the scrutinizer for the e-voting process. The results of the e-voting were declared following the receipt of her report and uploaded on the company’s website and stock exchange platforms.

Governance and compliance details

The meeting ensured compliance with Section 108 of the Companies Act, 2013, regarding remote e-voting. Members were given the opportunity to ask questions and seek clarifications, which were addressed by the Chairman. The Register of Members and other relevant documents were made available for virtual inspection during the meeting period.

Anupam Finserv Limited has rescheduled its 35th Annual General Meeting to September 30, 2026, citing administrative reasons. The meeting will seek shareholder approval for a preferential allotment of convertible warrants and the remuneration package of Managing Director Siddharth Gala.

The company issued a corrigendum on September 7, 2026, updating the original notice dated August 12, 2026. The AGM will be held via Video Conferencing or Other Audio-Visual Means at 12:15 pm. Remote e-voting opens on September 27, 2026, and closes on September 29, 2026.

Preferential Warrant Issue Details

The Board proposes issuing up to 40,00,000 fully convertible warrants to promoter Pravin Nanji Gala for an aggregate consideration of ₹80,00,000. The issue price has been revised from ₹1.92 to ₹2.00 per warrant.

Key terms of the issuance include:

• Relevant Date: August 31, 2026, for determining the floor price.
• Payment Terms: 25% upfront payment (₹0.50 per warrant) with the balance payable upon conversion.
• Conversion Tenure: Warrants are exercisable within 18 months of allotment.
• Use of Proceeds: Growth initiatives, credit granting, debt repayment, and working capital.

What the Numbers Show

The proposed allotment increases the promoter group’s shareholding from 51.747% to 52.744% on a fully diluted basis. Pravin Gala’s individual holding rises from 21.751% to 23.366%. This concentration reinforces promoter control while raising capital without immediate cash outflow for the allottee beyond the initial 25% upfront payment.

Remuneration and Related Party Transactions

Shareholders will also approve the remuneration of CEO and MD Siddharth Gala for three financial years from April 1, 2026, to March 31, 2029. The package includes a basic salary of ₹125,000 per month and performance-linked incentives up to 5% of net profits. Approval is required as the payout may exceed Section 197 limits of the Companies Act, 2013.

Additionally, the meeting seeks approval for material related-party transactions up to ₹5 crore each with entities including Nipra Trading Private Limited and GM Mercantile Private Limited. These transactions involve loans and borrowings at interest rates between 9% and 15% per annum.