Available Finance concluded its 34th annual general meeting on September 9, 2026. The hybrid meeting in Indore saw shareholders approve the audited financial statements for FY25-26 and confirm several key board appointments.

The company reported a total of 4,855 shareholders as of the cut-off date, September 2, 2026. A quorum was duly constituted with the requisite number of members present physically and through video conferencing.

Key Resolutions Passed

Shareholders approved ordinary and special resolutions covering financial approvals and director confirmations. The statutory auditors, M/s SAP Jain & Associates, issued an unqualified report on the financial statements for the year ended March 31, 2026.

Board Composition Changes

The AGM confirmed the appointment of Mr. Pramod Kishore Shrivastava as Chairman and Additional Director. Mr. Sahaj Jain was confirmed as a Whole-Time Director under the category of Professional Executive Director.

Mr. Suyash Choudhary, who also served as the Company Secretary and Compliance Officer during the proceedings, was confirmed as a Whole-Time Director from July 24, 2026, to August 14, 2026. Mr. Manish Chandan was additionally confirmed as a Professional Non-Executive Director.

Meeting Proceedings

The meeting commenced at 12:30 pm and concluded at 12:51 pm at Hotel Surya in Indore. Remote e-voting was facilitated via National Securities Depository Limited (NSDL) from September 6 to September 8, 2026.

One shareholder speaker raised queries, which were addressed by Chairman Pramod Kishore Shrivastava. The secretarial audit report for FY25-26, prepared by M/s Ishan Jain & Co., was also taken on record without qualification.

Available Finance has scheduled its 34th Annual General Meeting for Wednesday, September 9, 2026, at 12:30 pm in Indore. The meeting will be conducted in hybrid mode, allowing participation via Video Conferencing or Other Audio Visual Means alongside physical attendance at Hotel Surya. Shareholders holding shares as on September 2, 2026, are eligible to vote. The company published the notice of the AGM and remote e-voting details in "Free Press" (English Edition) and "Choutha Sansaar" (Hindi edition) on Tuesday, August 18, 2026.

The primary ordinary business involves receiving and adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The explanatory statement notes that the company, an unregistered core investment company, reported a gross turnover of ₹60.47 lakh and profit before tax of ₹31.31 lakh for FY26.

E-Voting Schedule

Shareholders may cast their votes electronically using the facility provided by National Securities Depository Limited (NSDL). The remote e-voting process follows a specific timeline:

Members who have not exercised remote e-voting prior to the AGM may vote electronically or through poll during the meeting. CS Ishan Jain has been appointed as the Scrutinizer to ensure the fairness of the e-voting process.

Board Appointments

The special business agenda focuses on confirming several director appointments effective from July and August 2026:

• Mr. Pramod Kishore Shrivastava: Confirmation as Chairman and Professional Non-Executive Director.
• Mr. Sahaj Jain: Confirmation as Professional Executive Director and Whole-Time Director for a three-year term. His remuneration is capped at ₹1 lakh per month plus standard perquisites.
• Mr. Suyash Choudhary: Confirmation as Professional Executive Director and Whole-Time Director for a brief tenure from July 24, 2026, to August 14, 2026. He resigned from these roles on August 14, 2026, but continues as Company Secretary. His remuneration was also capped at ₹1 lakh per month during this period.
• Mr. Manish Chandan: Confirmation as Professional Non-Executive Director effective August 14, 2026.

Related Party Transactions

Shareholders will vote on an omnibus approval for related-party transactions up to ₹1 crore until the next AGM in 2027. The proposed transactions involve loans and advances with Ad-Manum Finance Limited (AMFL), an NBFC in which Available Finance holds a 3.601% stake.

The justification cites RBI restrictions on unregistered core investment companies, which require maintaining minimum net assets of 90% in group concerns. Previous transactions with AMFL in FY26 included loans given of ₹43 lakh, repayments of ₹46.41 lakh, and interest charged of ₹54.16 lakh. In the current fiscal year till June 30, 2026, the company gave loans of ₹15 lakh, received repayments of ₹27.96 lakh, and charged interest of ₹13.58 lakh. The proposed transaction value represents 165.35% of the listed entity’s annual consolidated turnover for the preceding financial year.

Financial Performance

For FY26, Available Finance reported a standalone net profit of ₹22.31 lakh, a decrease of 1.02% from ₹22.54 lakh in FY25. Revenue from operations increased by 6.72% to ₹60.48 lakh from ₹56.67 lakh.

However, on a consolidated basis, the company reported a significant profit surge. Consolidated profit for the period reached ₹1,073.64 crore, up from ₹1,038.27 crore in the previous year. This growth was primarily driven by the share in profit of associates, which stood at ₹1,071.41 crore compared to ₹1,036.01 crore in FY25.

What the Numbers Show

The divergence between standalone and consolidated results highlights the company's structural reliance on its associate entities. While the parent entity generated minimal operating revenue (₹60.48 lakh), its equity share in the profits of associates contributed over 99.8% of the total consolidated profit. This underscores Available Finance's role as an investment holding vehicle rather than an independent revenue-generating operation, aligning with its classification as an unregistered core investment company constrained by RBI asset-holding norms.