CSL Finance shareholders ratified all six resolutions proposed at the company's 34th Annual General Meeting held on September 19, 2026. The approvals included the re-appointment of Rohit Gupta as Managing Director for a five-year term effective August 10, 2027, and the declaration of a final dividend.

The meeting, conducted via video conference and concluded at 1:31 pm, saw the adoption of audited financial statements for FY26. Company Secretary Preeti Gupta confirmed that 125 members were present via VC, satisfying the quorum requirement under the Companies Act, 2013 and SEBI Listing Regulations. The scrutinizer’s report was submitted to exchanges on September 22, 2026.

Key Resolutions Passed

Shareholders voted on six ordinary resolutions and one special resolution. The approvals included the re-appointment of key management personnel and alterations to the Articles of Association. The voting results indicate strong support for management decisions, with minimal dissent recorded across all items.

Voting Details and Scrutinizer Report

The e-voting process was administered by NSDL, with M/s. Jasvinder Kaur & Co., Company Secretaries, serving as the Scrutinizer. The report confirms that no invalid votes were cast for any resolution. For the re-appointment of Rohit Gupta, promoters abstained from voting due to their interest in the matter, while public shareholders voted overwhelmingly in favor.

Managing Director Profile and Term

Rohit Gupta (DIN: 00045077) will serve as Managing Director from August 10, 2027, to August 9, 2032. He is a qualified Chartered Accountant with over two decades of experience in merchant banking, corporate finance, financial restructuring, project finance, capital markets, and structured lending.

Gupta has advised several small and mid-size organizations on turnaround and growth strategies, helping them raise equity and debt through various instruments. He is credited as the prime driving force behind CSL Finance's structured lending model and its foray into SME lending. Additionally, he holds a directorship in CSL Capital Private Limited.

Governance and Relationships

The disclosure notes that Rohit Gupta and Whole Time Director Rachita Gupta are related, being father and daughter. The company confirmed that Gupta is not debarred from holding the office of Director by any order of SEBI or other authorities.

The following board members and senior management attended the meeting:

• Rohit Gupta, Managing Director
• Rachita Gupta, Whole Time Director
• Ashok Kumar Kathuria, Director
• Parmod Bindal, Independent Director
• Anirudha Kumar, Independent Director
• Subhash Chand Kwatra, Independent Director
• Alaktika Banerjee, Independent Director
• Atul Agrawal, President-Finance & Treasury
• Naresh Chandra Varshney, Chief Financial Officer
• Ayuss Mittaal, President-Internal Audit

What the Numbers Show

The voting pattern reveals a clear distinction between resolutions where promoters had an interest and those where they did not. For the re-appointment of directors (Guptas) and material related party transactions with CSL Capital Private Limited, promoter votes were excluded from the tally. Consequently, these resolutions passed solely on the basis of public shareholder votes, which constituted approximately 10.55% of the total outstanding shares polled. In contrast, non-related party matters like the adoption of financial statements and dividend declaration saw near-total participation from both promoter and public categories, resulting in over 54% of outstanding shares being polled.

CSL Finance Limited disclosed that Rohit Gupta HUF acquired 16000 equity shares in the open market across two transactions on September 11 and September 16, 2026. The acquisitions increase the promoter group’s stake to 2.04% of the total voting capital.

The transactions were reported pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rohit Gupta HUF is classified as part of the promoter group and acts in concert with Rohit Gupta, Ridhima Gupta, Rachita Gupta, and CSL Capital Private Limited.

Acquisition Details

The acquirer purchased 10000 shares on September 11, 2026, followed by a second tranche of 6000 shares on September 16, 2026. Prior to these new purchases, Rohit Gupta HUF held 449686 shares, constituting 1.97% of the company’s share capital, following an earlier acquisition of 5,000 shares on September 9, 2026.

The company’s total equity share capital remains unchanged at ₹22,78,26,210, comprising 2,27,82,621 equity shares of ₹10 each. There were no encumbrances or convertible securities associated with the holding before or after the transactions.

What the Numbers Show

The promoter group has increased its stake by 0.07 percentage points over six days, moving from 1.97% to 2.04%. With no other instruments such as warrants or voting rights otherwise than by shares held by the acquirer, the entire economic interest is tied directly to the equity shareholding.