Comfort Fincap Limited Announces Postal Ballot Results with All Seven Resolutions Approved

Comfort Fincap Limited has successfully completed its postal ballot process, with shareholders approving all seven proposed resolutions through remote e-voting. The company announced the results on March 27, 2026, following the conclusion of the voting period on March 26, 2026.

Director Appointments Approved

Shareholders overwhelmingly approved the appointment of three new directors to the company's board. The appointments include two Non-Executive Independent Directors and one Executive Director, strengthening the company's leadership structure.

Position:	Name	DIN	Resolution Type
Non-Executive Independent Director	Mr. Sanjeev Kumar Pandey	10718409	Special Resolution
Non-Executive Independent Director	Mr. Sanjiv Swarup	00132716	Special Resolution
Executive Director & CFO	Mrs. Nirmala Kanjar	11457740	Ordinary Resolution

The resolutions for director appointments received strong support, with 99.999% of valid votes cast in favor. Mrs. Nirmala Kanjar's appointment as Executive Director was accompanied by a separate special resolution approving her remuneration package.

Corporate Restructuring Initiatives

Two significant corporate restructuring measures were approved by shareholders. The company secured approval for increasing its authorized share capital and altering the capital clause of its Memorandum of Association through an ordinary resolution.

More notably, shareholders approved a special resolution for shifting the registered office from West Bengal to Maharashtra, marking a strategic geographical repositioning for the company.

Voting Process and Results

The postal ballot was conducted exclusively through National Securities Depository Limited's (NSDL) e-voting platform. The voting period commenced on February 25, 2026, at 9:00 AM and concluded on March 26, 2026, at 5:00 PM.

Resolution Details:	Votes in Favor	Votes Against	Approval Rate
Director Appointments (Resolutions 1-4)	4,81,75,888	402	99.999%
Independent Directors' Remuneration	4,81,75,838	452	99.999%
Authorized Share Capital Increase	4,81,75,883	407	99.999%
Registered Office Shift	4,81,75,821	577	99.999%

CS Ramadevi Satish Venigalla served as the scrutinizer for the postal ballot process, appointed by the Board of Directors on February 21, 2026. The scrutinizer submitted her report on March 27, 2026, confirming that all resolutions were passed with the requisite majority.

Regulatory Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, Regulation 44 of the SEBI Listing Regulations, and relevant MCA circulars. The company's shares are listed on BSE with scrip code 535267, and the cut-off date for voting eligibility was February 20, 2026.

The detailed voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting portal, ensuring transparency in the corporate governance process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.56%	+4.60%	-6.43%	-16.89%	-15.45%	+222.12%

Comfort Fincap Limited has successfully completed the conversion of 25,00,000 share warrants into equity shares through a preferential allotment process. The Board of Directors approved this conversion via circular resolution on March 21, 2026, marking a significant capital structure enhancement for the financial services company.

Warrant Conversion Details

The conversion involved 25,00,000 share warrants being transformed into an equal number of equity shares with a face value of Rs. 2.00 each. The company received the remaining 75% payment amounting to Rs. 1,68,75,000 at the rate of Rs. 6.75 per warrant from the warrant holders.

Parameter	Details
Total Warrants Converted	25,00,000
Face Value per Share	Rs. 2.00
Rate per Warrant	Rs. 6.75
Total Amount Received	Rs. 1,68,75,000
Issue Price per Warrant	Rs. 9.00

Investor Participation

Four investors participated in the warrant conversion process, with Luharuka Investment & Consultants Private Limited being the largest participant. The detailed breakdown shows the conversion pattern and resulting shareholding structure.

Investor Name	Warrants Converted	Amount Paid (Rs.)	Post Shareholding	Percentage
Luharuka Investment & Consultants Pvt Ltd	15,00,000	1,01,25,000	1,74,00,000	19.33%
Maulik Maheshkumar Bhatu	2,50,000	16,87,500	5,00,000	0.56%
Kiah Sudhir Monpara	5,00,000	33,75,000	7,00,000	0.78%
Noble Express Services Pvt Ltd	2,50,000	16,87,500	5,00,000	0.56%

Capital Structure Impact

The warrant conversion has resulted in a substantial increase in the company's paid-up equity capital. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to the holders.

Capital Metric	Before Conversion	After Conversion	Change
Paid-up Capital	Rs. 17,50,13,000	Rs. 18,00,13,000	Rs. 50,00,000
Number of Shares	8,75,06,500	9,00,06,500	25,00,000
Face Value per Share	Rs. 2.00	Rs. 2.00	-

Regulatory Compliance

The conversion was executed in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The preferential allotment followed the guidelines under SEBI ICDR Regulations, 2018, and the Companies Act, 2013. All necessary disclosures have been made to BSE Limited, and the information has been published on the company's website at www.comfortfincap.com .

The successful warrant conversion demonstrates the company's ability to execute capital raising initiatives while maintaining regulatory compliance and transparency with stakeholders.