FDC Ltd fixes e-voting cut-off date for 86th AGM as September 17

scanx
Reviewed by
Shriram SScanX News Team
Key Highlights
  • FDC Ltd corrected the e-voting cut-off date for its 86th AGM to September 17, 2026
  • The original notice erroneously stated the date as September 16, 2026
  • Book closure period remains unchanged from September 18 to September 23, 2026
  • All other contents of the AGM notice remain valid and unchanged
powered bylight_fuzz_icon
51191701

*this image is generated using AI for illustrative purposes only.

FDC Limited issued a corrigendum to the notice of its 86th Annual General Meeting, correcting a typographical error regarding the e-voting cut-off date. The company clarified that the cut-off date is September 17, 2026, not September 16, 2026.

Correction Details

The corrigendum states that all other contents of the AGM Notice remain unchanged. The document must be read in conjunction with the original notice.

Parameter Original Date Corrected Date
E-voting Cut-off September 16, 2026 September 17, 2026
Book Closure Start September 18, 2026 September 18, 2026
Book Closure End September 23, 2026 September 23, 2026

The book closure period remains from September 18, 2026 to September 23, 2026, both days inclusive.

Varsharani Katre, Company Secretary and Compliance Officer, signed the communication. The company confirmed it will publish the corrigendum in newspapers for shareholder information and forward a copy to the stock exchanges.

Historical Stock Returns for FDC

1 Day5 Days1 Month6 Months1 Year5 Years
+0.56%-0.61%-0.58%+3.16%-24.50%-3.64%

Will the one-day extension of the e-voting cut-off date significantly impact shareholder participation rates or voting outcomes at the AGM?

Has FDC Limited implemented additional internal compliance checks to prevent similar administrative errors in future regulatory filings?

Could this corrigendum affect the trading volume or stock price volatility of FDC Limited shares during the book closure period?

FDC Ltd promoter revises SAST disclosure for 3.09% share transfer

scanx
Reviewed by
Shriram SScanX News Team
Key Highlights
  • FDC Ltd promoter Nandan Mohan Chandavarkar revised SAST disclosures for clarity
  • Revised filing clarifies off-market transfer of 50,30,086 shares (3.09%) via gift
  • Shares moved to Mohan Anand and Sandhya Mohan Chandavarkar trusts
  • Total promoter group holding remains unchanged at 69.66%
  • Transaction executed on June 24, 2026, with no consideration involved
powered bylight_fuzz_icon
49954235

*this image is generated using AI for illustrative purposes only.

FDC Ltd promoter Nandan Mohan Chandavarkar has submitted revised disclosures under Regulation 29(2) of the SEBI (SAST) Regulations, 2011, to clarify details of an off-market inter-se transfer. The filing, dated September 2, 2026, addresses observations from the BSE regarding earlier disclosures submitted on June 25, 2026.

The revised submission reproduces transaction details directly in the disclosure format columns for enhanced clarity. Chandavarkar confirmed that the revision does not alter any previously disclosed information regarding the acquisition or disposal of shares.

Transaction Details

The underlying transaction involves the transfer of 50,30,086 shares, representing 3.09% of the total voting capital, from Nandan Mohan Chandavarkar to two promoter trusts. The transfer was executed by way of gift without consideration on June 24, 2026.

Metric Value
Shares Transferred 50,30,086
Stake Percentage 3.09%
Mode of Transfer Off-market inter-se transfer (gift)
Date of Transfer June 24, 2026
Consideration Nil

Chandavarkar transferred 26,70,316 shares (1.64%) to the Mohan Anand Chandavarkar Trust and 23,59,770 shares (1.45%) to the Sandhya Mohan Chandavarkar Trust. Following the transfer, his individual holding reduced from 50,41,086 shares (3.10%) to 11,000 shares (0.01%).

Promoter Group Holding

The aggregate holding of the promoter group, including Persons Acting in Concert (PAC), remains unchanged at 11,34,10,433 shares, constituting 69.66% of the total voting capital. The total equity share capital of FDC Ltd stands at ₹16,28,10,084, comprising 16,28,10,084 fully paid-up equity shares of Re. 1/- each.

What the Numbers Show

The data indicates a consolidation of promoter holdings within trust structures rather than a change in overall control. While Nandan Mohan Chandavarkar’s direct stake dropped significantly to 0.01%, the combined stake of the Mohan Anand Chandavarkar Trust and Sandhya Mohan Chandavarkar Trust increased to 12.45% each. This internal restructuring leaves the total promoter group stake stable at 69.66%, suggesting no dilution of control.

Historical Stock Returns for FDC

1 Day5 Days1 Month6 Months1 Year5 Years
+0.56%-0.61%-0.58%+3.16%-24.50%-3.64%

How might this consolidation of promoter stakes into trusts impact FDC Ltd's corporate governance structure and decision-making processes?

Could the shift from individual to trust-based holding signal future estate planning or succession strategies for the promoter family?

Will this internal restructuring affect the liquidity of promoter shares or influence market sentiment regarding potential future open market sales?

More News on FDC

1 Year Returns:-24.50%