Shareholders of Capital India Finance approved key governance and financing resolutions at its 32nd Annual General Meeting held on September 7, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for FY26 and the re-appointment of Managing Director Keshav Porwal.

The company secured shareholder approval to raise funds through the issuance of debt securities. Additionally, members approved a revision in Mr. Porwal’s remuneration effective April 1, 2026, and ratified material related-party transactions with its subsidiary, Rapipay Fintech Private Limited.

Resolution Outcomes

The meeting concluded at 12:03 pm with all five resolutions passed. The voting process included remote e-voting and e-voting during the meeting, scrutinized by Maghisuddin of M & Co., Practising Company Secretaries.

Voting Participation

As on the cut-off date of September 1, 2026, the company had 8,337 shareholders. A total of 103 members attended the meeting through video conferencing, comprising one promoter representative and 102 public shareholders.

The promoter group held 28,38,78,600 shares, while public institutions held 2,08,011 shares and non-institutional public shareholders held 10,69,69,689 shares. For the resolution concerning related-party transactions, votes from promoters and key managerial personnel were excluded as per regulatory requirements.

Governance Details

Mr. Vinod Somani, Non-Executive Chairman, presided over the meeting. The statutory auditors, V. Sankar Aiyar & Co., and secretarial auditors, Arun Gupta & Associates, were present. The reports from both audit firms contained no qualifications or adverse remarks that would affect the company’s functioning.

Capital India Finance has approved the transfer of its RemitX foreign exchange business assets to Kanji Forex Private Limited for ₹11.4 crore. The board sanctioned the deal on August 31, 2026, marking a strategic step to sharpen focus on its core MSME lending franchise.

Board approval and transaction details

The board of Capital India Finance approved the transfer of assets related to the foreign exchange business operating under the brand name "RemitX". The company executed an Agreement for Purchase of Assets (APA) with Kanji Forex Private Limited on August 31, 2026. Kanji Forex is part of Niyo, a travel fintech platform. The buyer is not part of the promoter group or group companies of Capital India Finance.

The consummation of the transfer is subject to receiving requisite regulatory approvals and fulfilling terms under the APA. Following the transfer, Capital India Finance will apply to the Reserve Bank of India to surrender its Authorised Dealer Category-II (AD-II) Licence.

Strategic realignment and lending growth

The proposed transaction is part of Capital India Finance's strategic realignment to sharpen its focus on its core lending business, which remains the Company's primary growth engine. Following the divestment of Capital India Home Loans Limited in FY26, the RemitX transaction represents another step in simplifying the portfolio and concentrating resources on lending operations.

Keshav Porwal, Managing Director of Capital India Finance, said: "Over the past few years, we have been steadily reshaping Capital India around businesses where we see the strongest long-term opportunity and ability to create sustainable value. This transaction is another step in that journey and will allow us to sharpen our focus on our tech enabled lending franchise."

Over the past six years, RemitX has built a presence across 32 locations in more than 16 states, creating an established distribution network for its Forex and cross-border services. The transaction will enable the business to build on this foundation with Niyo.

Amit Talwar, CEO of Niyo Forex, said: "RemitX brings three things for Niyo that cannot be built quickly: a branch network that reaches customers where they live, partner relationships and a team that has been running this business together for years."

Financial impact and regulatory context

For the financial year ended March 31, 2026, the RemitX business contributed ₹2,492.81 lakh to consolidated turnover, representing a 4.68% share. The net asset deployed for the unit stood at ₹2,825.50 lakh as on March 31, 2026, accounting for 4.20% of the total. However, only net assets valued at ₹2,777.83 lakh are excluded from this specific transaction scope.

The transaction does not fall under related party transactions or slump sale provisions. It is also outside the ambit of Regulation 37A of the SEBI Listing Regulations as the RemitX business does not constitute an undertaking of the company. The deal was disclosed under Regulations 30 and 51 of the SEBI LODR Regulations, 2015.

Lending momentum and capital position

Capital India Finance's lending business has continued to build momentum. In Q1 FY27, the Company reported a 32% YoY increase in standalone total income to Rs 69.53 crore, while disbursements grew 36% YoY and AUM expanded approximately 20% YoY. The Company remained strongly capitalised, with a Capital Adequacy Ratio of 43.58% as of June 30, 2026.

Capital India Finance has also strengthened its distribution network, expanding from 29 locations to 46 branches across nine states. This follows a year in which the Company's AUM grew 22% YoY to Rs 1,227.37 crore in FY26, while disbursements increased 62% YoY to Rs 753.54 crore.