Elixir Capital shareholders approved the company’s FY26 financial results and a final dividend of ₹1.25 per equity share at its 32nd annual general meeting held on August 25, 2026. The meeting was conducted via video conferencing and other audio-visual means.

The voting results reflect strong support from the promoter group, which holds 41,37,000 shares and voted unanimously in favour of all five ordinary resolutions. Public non-institutional shareholders also largely backed the proposals, with dissenting votes representing less than 1% of the total polled.

Voting Results Overview

A total of 41,41,531 votes were polled on the resolutions, representing 71.25% of the outstanding shares held by 3,876 shareholders as on the record date of August 18, 2026. All voting was conducted through remote e-voting; no physical poll was cast during the virtual meeting.

Shareholder Participation Breakdown

The promoter group accounted for the vast majority of the voting power exercised. All 41,37,000 shares held by promoters were voted in favour of every resolution. Among public non-institutional shareholders, who hold 16,75,489 shares, only 4,531 votes were polled. Of these, dissenting votes ranged from 3 to 16 depending on the resolution, indicating minimal opposition from retail investors.

No institutional public shareholders participated in the voting process. The scrutinizer report filed by P. C. Shah & Co., Practicing Company Secretaries, confirmed that all resolutions were passed with the requisite majority under Section 109 of the Companies Act, 2013.

Corporate Governance Actions

Beyond the financial approvals, the AGM focused on key governance appointments. Mr. Dipan Mehta was reappointed as a director retiring by rotation, while Mrs. Radhika Mehta was reappointed as Whole Time Director.

The shareholders approved the appointment of M/s. M. Parashar & Co., Chartered Accountants, as statutory auditors, replacing the outgoing M/s. JMT & Associates. The new appointment covers the term from the 32nd AGM till the 37th AGM. M/s. M. Parashar & Co., established in 1987, is a partnership firm with branches in Mumbai, Jaipur, Ahmedabad, Ajmer, Barmer, Jodhpur, and Jalore. The firm holds RBI Unique Code No. 293130 for penal audit of public sector banks and is empanelled with C&AG (CR3127).

These appointments align with the strategic continuity outlined by Chairman Dipan Mehta, who previously highlighted the company’s focus on digital infrastructure through its Fintech Division and PaisaSmart platform. The unanimous support from the promoter group underscores confidence in the current leadership team’s direction amid market volatility.

Elixir Capital will hold its 32nd Annual General Meeting (AGM) on Tuesday, August 25, 2026, to approve key governance changes following a financial year marked by significant earnings contraction. The meeting, scheduled for 10.00 a.m. via Video Conference or Other Audio Visual Means (VC/OAVM), seeks shareholder approval for the re-appointment of Mrs. Radhika Mehta as Whole Time Director, the rotation-based re-appointment of Chairman Mr. Dipan Mehta, and the appointment of M/s. M. Parashar & Co., Chartered Accountants, as Statutory Auditors for a five-year term. These decisions come after the company reported a consolidated net profit decline of 67% to ₹303.26 lakhs in FY26, driven by weak market conditions and startup costs for its new Fintech Division.

The Board of Directors has recommended a final dividend of ₹1.25 per equity share (12.5%) for the financial year ended March 31, 2026, maintaining the payout level from the previous year despite the earnings drop. Shareholders holding shares as of the record date, August 18, 2026, are eligible to receive the dividend and vote on the resolutions. The dividend will be paid electronically to members who have updated their bank details with their Depository Participants or the Registrar and Share Transfer Agent, Bigshare Services Private Limited.

Governance Resolutions

The primary focus of the AGM is the renewal of leadership and audit oversight. The shareholders are asked to approve the re-appointment of Mrs. Radhika Mehta as Whole Time Director for a five-year term commencing August 14, 2026, through August 13, 2031. Mrs. Mehta, who oversees Finance and Operations, will not draw remuneration but remains eligible for yearly increments subject to Section 197 of the Companies Act, 2013.

Additionally, Mr. Dipan Mehta, Chairman, retires by rotation and offers himself for re-appointment. The Board also seeks approval to appoint M/s. M. Parashar & Co., Chartered Accountants (FRN: 110954C), as Statutory Auditors, replacing M/s. JMT & Associates, who have completed their nine-year tenure since the 23rd AGM. The proposed fees for the new auditors are ₹50,000 plus applicable taxes and out-of-pocket expenses.

Financial Context and Shareholder Actions

The AGM follows the submission of the Annual Report to the Bombay Stock Exchange on August 1, 2026, in compliance with Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While consolidated revenue fell to ₹3,421.38 lakhs from ₹4,134.26 lakhs in FY25, standalone profit rose slightly to ₹72.44 lakhs from ₹63.80 lakhs. The debt-equity ratio increased to 0.69 from 0.55, reflecting higher leverage during a period of reduced valuation in trading assets.

Shareholders must update their KYC details, including PAN and bank accounts, to avoid delays in dividend payments or service requests. Unclaimed dividends from previous years face transfer to the Investor Education and Protection Fund (IEPF); specifically, unclaimed dividends from FY2019 must be claimed by September 28, 2026. Remote e-voting is open from August 22 to August 24, 2026, via CDSL and NSDL platforms.

Special Window for Physical Share Transfers

Pursuant to SEBI Circular No. HO/38/13/11(2)/2026-MIRSD-P0D/13750/2026 dated January 30, 2026, Elixir Capital has reiterated the availability of a special window for the transfer and dematerialization of physical securities sold or purchased prior to April 1, 2019. This window remains open from February 5, 2026, to February 4, 2027. It applies to transfer requests previously rejected due to document deficiencies. Securities transferred under this scheme must be credited in demat mode and are subject to a one-year lock-in period from the date of registration, during which they cannot be transferred, lien-marked, or pledged.

Key AGM Details

What the Numbers Show

The divergence between standalone and consolidated results highlights the operational dynamics within the group. While the holding company’s standalone profit increased marginally, the consolidated bottom line contracted sharply due to performance in subsidiaries engaged in stock broking and portfolio management. The management discussion notes that prospects are linked to stock market performance, with a prolonged bear phase identified as a key threat. Furthermore, the debt-equity ratio rose to 0.69 from 0.55, reflecting higher year-end debt coupled with lower profits, signaling increased leverage pressure during a period of reduced valuation in trading assets.