Apex Capital and Finance Limited has scheduled its 41st Annual General Meeting (AGM) for September 28, 2026. The meeting will be held through Video Conferencing or Other Audio Visual Means at 4:00 pm.

The register of members and share transfer books will remain closed from September 19, 2026, to September 28, 2026, inclusive. The company has released the notice for the meeting along with the annual report for the financial year ended March 31, 2026.

Key Resolutions

Shareholders will transact ordinary and special business during the virtual gathering. The agenda includes the adoption of audited financial statements and key governance appointments.

Director Reappointment

The board seeks approval for the reappointment of Sandeep Kumar as a director. He retires by rotation at the ensuing AGM and is eligible for reappointment. Kumar holds an MBA and brings 19 years of experience in financial services and real estate. He currently serves on the Stakeholders Relationship Committee and the Finance and Executive Committee.

Statutory Auditor Appointment

The company proposes appointing M/s MANV & Associates, Chartered Accountants, Noida, as statutory auditors. The firm will hold office for five years, from FY27 to FY31. This appointment requires shareholder approval at the AGM.

Secretarial Auditor Appointment

Under special business, the board recommends appointing M/s Dharamveer Dabodia & Associates as secretarial auditors. The term covers five financial years, from FY27 to FY31. The proposed remuneration is ₹75,000 per financial year plus applicable taxes.

Voting Details

Remote e-voting will be facilitated by National Securities Depository Limited. The voting period begins on September 24, 2026, at 9:00 am and ends on September 27, 2026, at 5:00 pm. Only shareholders on record as of September 18, 2026, are eligible to vote.

Apex Capital & Finance posted a net profit of ₹3.73 crore for the financial year ended March 31, 2026, a sharp increase from ₹0.53 crore in the previous year. Total revenue climbed 157% year-on-year to ₹7.13 crore, supported by robust interest income growth.

The non-deposit accepting non-banking finance company (NBFC) generated ₹7.13 crore in operating income, up from ₹2.78 crore in FY25. This surge in top-line performance significantly outpaced the rise in total expenses, which increased marginally to ₹2.15 crore from ₹1.98 crore. Consequently, profit before tax expanded to ₹4.98 crore against ₹0.80 crore previously.

Financial Performance

Operating leverage was evident as employee benefit expenses rose by 29% while administrative and other expenses remained nearly flat. The absence of finance costs in FY26, compared to ₹0.13 crore in FY25, further aided bottom-line expansion.

What the Numbers Show

The profitability surge was driven by operational efficiency rather than cost inflation. While revenue more than doubled, total expenses grew by less than 10%. Additionally, the company transferred ₹0.75 crore (20% of net profit) to its statutory reserve as mandated by RBI guidelines, reflecting compliance with regulatory capital requirements.

Capital Raise and Governance

During the year, the company received ₹23.75 crore as the third instalment against convertible share warrants issued at ₹125 per warrant. This capital injection is recorded under 'Money Received against Share Warrants' on the balance sheet. The Board did not recommend any dividend for FY26, opting to conserve resources for future growth.

The 41st Annual General Meeting will be held on September 28, 2026, via video conferencing. Key agenda items include the reappointment of Director Sandeep Kumar and the appointment of M/s MANV & Associates as statutory auditors for five years.