Edelweiss Financial Services Limited has appointed Mr. Rajiv Jalota as an Independent Director for a term of five years commencing from April 30, 2026. The appointment was approved by shareholders through a postal ballot process, with the resolution securing 99.977% of the votes cast. The decision strengthens the company's board governance structure for the period ahead.

The postal ballot notice was sent to shareholders on May 15, 2026, with the remote e-voting platform open from May 16, 2026, to June 14, 2026. The voting process was managed by National Securities Depository Limited as the Electronic Service Provider. A total of 497,220,229 votes were polled, representing 52.5308% of the total outstanding shares.

The Scrutinizer's Report confirmed that the special resolution was passed with the requisite majority. Promoters and the Promoter Group cast 305,383,981 votes, all in favour of the resolution. Public Institutions and Public Non-Institutions also supported the appointment, with 141,893,579 and 49,830,438 votes in favour respectively.

The detailed voting results indicate broad-based support across shareholder categories. Only 112,231 votes were cast against the resolution, constituting 0.0226% of the total votes polled. The results have been published on the company's website and the stock exchanges.

Voting Results Summary

The appointment of Mr. Rajiv Jalota (DIN: 00152021) is effective from April 30, 2026, and concludes the postal ballot proceedings initiated by the board. The statutory records relating to the e-voting process will be maintained by the scrutinizer until the minutes are approved.

Edelweiss Financial Services Limited has launched a public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹3,000 million. The issue opened on Monday, June 8, 2026, and is scheduled to close on Friday, June 19, 2026. The NCDs offer an effective annual interest yield ranging from 8.64% p.a. to 10.00% p.a. across tenors of 24, 36, 60, and 120 months.

Issue Structure and Allocation

The issue comprises a base size of ₹1,500 million with a green shoe option of up to ₹1,500 million. The instrument carries a face value of ₹1,000 per NCD. Allotment will be made on a date priority basis; however, on the date of oversubscription and thereafter, allotments will be proportionate. The NCDs will be listed on BSE Limited and traded in dematerialized form only.

Utilization of Proceeds

At least 75% of the net proceeds will be utilized for the repayment or prepayment of interest and principal of existing borrowings. The remaining funds, not exceeding 25% of the amount raised, are proposed to be used for general corporate purposes. The company has clarified that proceeds will not be used for the payment of any prepayment penalty.

Key Issue Timelines and Series

The issue offers ten series with annual, monthly, and cumulative interest payment options. The subscription window is open from 10:00 a.m. to 5:00 p.m. on working days, closing at 3:00 p.m. on the final date.

Credit Rating and Security

CRISIL Ratings Limited has assigned a rating of "CRISIL A+/Stable" to the NCDs for an amount of ₹12,000 million. This rating indicates an adequate degree of safety regarding timely servicing of financial obligations. The principal amount is secured by way of a pari passu charge on the issuer's assets, including loans, receivables, and fixed assets, ensuring a security cover of at least 100%.