Dharani Finance concludes 36th AGM with FY26 financial adoption
- Dharani Finance Limited held its 36th AGM on September 23, 2026, via video conferencing
- Shareholders adopted FY26 financial statements and appointed Visalakshi Periasamy as director
- 41 members representing 24.54% of shares participated in the meeting
*this image is generated using AI for illustrative purposes only.
Dharani Finance Limited held its 36th Annual General Meeting on September 23, 2026, through video conferencing. The meeting commenced at 11:00 am and concluded at 11:30 am, with shareholders approving the adoption of financial statements for the fiscal year ended March 31, 2026.
Meeting proceedings and attendance
The meeting was chaired by Chairman Palani Gounder Periasamy. A total of 41 members participated, representing 12,25,424 shares, which accounted for 24.54% of the company's paid-up share capital. The quorum requirements under Section 103 of the Companies Act, 2013 were met, allowing the business to proceed.
Directors present included Chairman Palani Gounder Periasamy, Director Visalakshi Periasamy, Independent Director P R Shampath, and Managing Director Murugavel Ramasamy. Key managerial personnel in attendance were Chief Financial Officer N Sivabalan and Company Secretary Saloni Jain.
Resolutions passed
Two ordinary resolutions were transacted during the meeting:
- Adoption of the Financial Statements and the Reports of the Board of Directors and Auditors for the financial year ended March 31, 2026.
- Appointment of Visalakshi Periasamy as Director, liable to retire by rotation.
Voting was conducted electronically via the Central Depository Services (India) Ltd platform. The remote e-voting period ran from September 20, 2026, to September 22, 2026. Members holding shares as of the cut-off date, September 18, 2026, were eligible to vote. Pankaj Mehta & Associates served as the scrutinizer for the e-voting process.
Compliance and disclosures
The company informed the Bombay Stock Exchange that the proceedings were filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the AGM had been circulated by email and published in English and Tamil newspapers prior to the meeting. No registered speakers joined the session to ask questions or express views during the live video conference.
Historical Stock Returns for Dharani Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.46% | +3.82% | -3.03% | +33.83% | -7.41% | +124.82% |
How will the appointment of Visalakshi Periasamy as a director influence Dharani Finance's strategic direction and governance structure in the upcoming fiscal year?
What specific growth strategies or capital allocation plans were outlined in the Board of Directors' report for FY2026 that shareholders approved?
Given the relatively low shareholder participation rate of 24.54%, what measures might the company implement to enhance investor engagement in future meetings?
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