Birla Capital and Financial Services Limited approved the adoption of its financial statements for the fiscal year ended March 31, 2026, during its 40th Annual General Meeting held on September 26, 2026. The meeting also ratified the re-appointment of Minal Umesh Pote as Executive Director and confirmed several new appointments across governance and management roles.

The proceedings were conducted via Video Conferencing and Other Audio Visual Means, commencing at 11:00 am and concluding at 11:11 am. The requisite quorum was present, allowing the Chairperson to call the meeting to order. All business items were transacted through remote e-voting and e-voting during the AGM, in compliance with Ministry of Corporate Affairs circulars and SEBI (LODR) Regulations, 2015.

Key appointments and resolutions

Shareholders voted to approve the following ordinary business items:

• Financial Statements: Adoption of the Company's financial statements for FY26, including reports of the Auditors and the Board of Directors.
• Director Re-appointment: Re-appointment of Minal Umesh Pote (DIN: 07163539) as Executive Director, who retired by rotation and was eligible for re-appointment.
• Secretarial Auditor: Appointment of Ankit Mazumdar as Secretarial Auditor for a period of 5 years.
• Management: Appointment of Ravindra Sharma as Manager of the Company.
• Independent Director: Appointment of Sagar Dinesh Gala (DIN: 11326886) as Independent Director for a period of 2 years.

Governance and compliance details

The results of the remote e-voting and e-voting conducted during the AGM will be uploaded on the Company's website and notified to the stock exchanges separately. The meeting adhered to provisions of the Companies Act, 2013, and Listing Regulations, ensuring transparency in the voting process for all resolutions passed.

Birla Capital and Financial Services Limited has withdrawn the proposal to alter its Memorandum of Association from the business to be transacted at its 40th Annual General Meeting. The Board of Directors decided to remove Item No. 6 on September 3, 2026, reducing the total agenda items from six to five.

The company issued a corrigendum to the AGM notice, confirming that the original Item No. 6 will not be placed before shareholders for consideration, discussion, or voting. Consequently, no resolution regarding the alteration of the Memorandum of Association will be proposed at the meeting.

Governance and AGM Updates

The 40th AGM is scheduled to be held on September 26, 2026, through video conferencing or other audio-visual means. With the withdrawal of Item No. 6, the remaining five items of business remain unchanged. These include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Ms. Minal Umesh Pote as Executive Director.
• Appointment of Mr. Ankit Mazumdar as Secretarial Auditor for five years.
• Appointment of Mr. Ravindra Sharma as Manager of the Company.
• Regularization of Mr. Sagar Dinesh Gala as Independent Director.

Shareholders entitled to vote must be on record as of September 19, 2026. Remote e-voting via National Securities Depository Limited will be available from September 23 to September 25, 2026. The e-voting facility will not be available for the withdrawn Item No. 6.

Financial Performance Context

The AGM follows the company's report of a profit after tax (PAT) of ₹0.80 lakh for FY26, marking a turnaround from the loss of ₹3.66 lakh recorded in FY25. This profitability was driven by a provision write-back of ₹38.00 lakh against doubtful advances, classified as other income, rather than operational revenue.

What the Numbers Show

The withdrawal of the Memorandum of Association alteration suggests a pause in structural changes while the company focuses on operational turnaround under new management. The appointment of Mr. Ravindra Sharma as Manager, effective September 1, 2026, aligns with the board's stated strategy of cost optimization and supply chain streamlining to achieve operational break-even.