Comfort Fincap Limited held its 44th Annual General Meeting on September 21, 2026. The meeting concluded with the approval of ordinary and special resolutions regarding dividends and capital raising.

The virtual meeting commenced at 3:00 pm and ended at 3:44 pm. All directors, key managerial personnel, and auditors were present via video conferencing. Ankur Agrawal, Director, chaired the proceedings and confirmed the presence of the requisite quorum.

Key Resolutions Approved

Shareholders transacted business through electronic voting. The following resolutions were passed:

Ms. Sneha Mandelia, Company Secretary, informed members that statutory registers were available for inspection during the meeting. She noted that the e-voting facility remained open for 15 minutes post-meeting until 3:59 pm.

Audit and Compliance

The Chairperson stated that the reports of the Statutory Auditor and Secretarial Auditor contained no qualifications, reservations, or adverse remarks. Consequently, the Directors’ Report and Financial Statements for the year ended March 31, 2026, were taken as read with shareholder consent.

The company will disseminate the consolidated Scrutinizer's Report and e-voting results to BSE Limited within two working days. These documents will also be available on the company’s investor relations website.

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.