Comfort Fincap has scheduled its 44th Annual General Meeting for Monday, September 21, 2026. The Board of Directors recommended a final dividend of ₹0.10 per equity share for FY26. The company recently issued detailed guidelines on Tax Deducted at Source (TDS) applicable to this payout.

The meeting will be held at 3:00 pm through Video Conference or Other Audio-Visual Means (OAVM). Shareholders can participate via the facility provided by National Securities Depository Limited (NSDL). Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, 2015, the company notified shareholders without registered email addresses about the availability of the Annual Report and AGM notice on its website.

Dividend and Record Date

The final dividend represents 5% of the paid-up equity share capital. Each equity share has a face value of ₹2. If approved at the AGM, the dividend will be paid within 30 days.

Under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders from April 1, 2026. Consequently, the company will deduct TDS at prescribed rates unless specific exemptions apply.

TDS Rates and Exemptions

For resident shareholders with a valid Permanent Account Number (PAN), TDS is generally deducted at 10%. Without a valid PAN, the rate rises to 20%. No tax is deducted if the total annual dividend does not exceed ₹10,000 or if the shareholder submits Form 121 (for individuals above 60 years).

Specific entities are eligible for nil TDS upon providing relevant documentation:

• Insurance companies registered with IRDAI.
• Government bodies, RBI, and specified tax-exempt corporations.
• Category I & II Alternative Investment Funds (AIFs) registered with SEBI.
• Shareholders holding a lower deduction certificate under Section 395 of the Act.

For non-resident shareholders, TDS is applied at 20% or the rate under applicable Double Tax Avoidance Agreements, whichever is lower. Claiming treaty benefits requires submission of a Tax Residency Certificate, Form 41, and self-declarations regarding beneficial ownership and permanent establishment status.

Key Agenda Items

Beyond the dividend, the AGM agenda includes significant corporate governance and funding resolutions:

• Director Re-appointment: Mr. Ankur Agrawal (DIN: 06408167), who retires by rotation, offers himself for re-appointment. He is a Chartered Accountant and CFA charterholder with over 12 years of experience in commerce and finance.
• Debt Raise Authorization: The Board seeks shareholder approval via Special Resolution to raise funds up to ₹300 crore through private placement of Non-Convertible Debentures (NCDs), Commercial Papers, Bonds, or other debt securities. This limit is over and above the company’s paid-up capital, security premium, and free reserves.
• Material Related Party Transactions (RPTs): The company seeks omnibus approval for material related party transactions for FY27 onwards. These include inter-corporate loans, deposits, guarantees, and securities with various group entities.

Related Party Transaction Details

The proposed RPT framework involves transactions with several promoter-connected entities. The aggregate monetary value of these contracts is substantial, reflecting the company’s integrated financial services structure.

All transactions are proposed on an arm’s length basis. Loans are secured and carry an interest rate of 14.00% p.a. payable quarterly. The company states these transactions support business operations and enhance operational efficiencies.

E-Voting and Compliance Updates

E-voting will be available during a remote period before the AGM and during the meeting itself. The remote e-voting period commences on Friday, September 18, 2026, at 9:00 am and ends on Sunday, September 20, 2026, at 5:00 pm. The e-copy of the Notice and the Annual Report for FY26 are available on the company website and the BSE Limited portal.

The company also reminded shareholders to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/ POD-1/P/CIR/2024/37 dated May 7, 2024. This circular mandates listed companies to record PAN, address, mobile number, bank account details, specimen signature, and nomination choice for security holders holding securities in physical mode. Shareholders holding physical folios without updated details are eligible to receive payments only through electronic mode from April 1, 2024.

Comfort Fincap Limited delivered strong financial results for the quarter ended June 30, 2026, with profit after tax (PAT) more than doubling quarter-on-quarter. The NBFC reported a PAT of ₹220.07 lakhs, up 106.28% from ₹106.66 lakhs in Q4FY26. Income from operations grew 10.76% to ₹443.25 lakhs from ₹400.21 lakhs, while EBITDA surged 79.08% to ₹310.89 lakhs from ₹173.61 lakhs.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 12, 2026. A limited review report accompanies the financial statements. The results are available on the company’s website and the BSE Limited website.

Financial Performance

The sharp improvement in profitability reflects operating efficiency and the growing contribution of the company’s technology-led platform. Chairperson Ankur Agrawal stated that the first-quarter performance underscores the strength of the asset-backed lending model and the discipline of the underwriting approach.

What the Numbers Show

The divergence between revenue growth and profit growth indicates significant margin expansion. While income from operations increased by just over 10%, EBITDA nearly doubled, suggesting improved cost control or higher-margin mix in lending activities. PAT growth outpaced EBITDA growth, pointing to favorable tax or other income dynamics in the quarter.

Business Updates

Comfort Fincap has launched its digital consumer durable loan product, enabling instant, paperless EMI purchases for mobile and laptop financing. The company aims to scale this into three times growth in Consumer Durable AUM over the next 18 months, expanding into laptops, tablets, and wearables while deepening retail partnerships in Tier 2 and Tier 3 markets.

Additionally, Comfort Fincap is building a scalable, technology-led Loan Against Securities (LAS) platform. This upcoming offering will feature real-time LTV and margin monitoring and fully digital pledge-to-disbursement infrastructure integrated with CDSL and NSDL.

Share Transfer Window

The company simultaneously announced a special window for shareholders to re-lodge transfer requests for physical shares. This window remains open from February 5, 2026, to February 4, 2027. All transfers processed under this scheme will be effected only in demat mode.

Eligibility depends on the execution date of the transfer deed and the availability of the original security certificate.

Shareholders eligible for this process must initiate it within the stipulated period. Assistance is available through the Registrar and Transfer Agent, Bigshare Services Private Limited.

Regulatory Compliance

The announcement complies with Regulation 30 and Regulation 33 read with Regulation 47(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. It also aligns with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.