Focus Business Solution Limited held its 19th Annual General Meeting on September 28, 2026, in Surat. Shareholders approved the audited financial statements for FY26 and declared a final dividend of ₹0.10 per equity share.

The meeting, convened at the company's registered office, saw the adoption of standalone audited financial statements for the year ended March 31, 2026. The Board's report and auditor's report were taken as read with shareholder permission.

Key resolutions passed

The following ordinary and special resolutions were transacted during the meeting:

Leadership and governance updates

Mohamedyaseen Muhammadbhai Nathani was appointed as the Chairman of the meeting. He was subsequently reappointed as a Director liable to retire by rotation. The meeting also approved the remuneration payable to him for his remaining tenure as Chairman and Managing Director.

Similarly, the shareholders approved the remuneration for Mohamedamin Mohammad Nathani, who serves as Whole Time Director, for his remaining tenure. The appointment of M/s. PSSP & Co. as the new Statutory Auditors was also ratified by the members.

Meeting proceedings

The meeting commenced at 4:00 pm and concluded at 4:30 pm. After the transaction of business, the Chairman addressed the members, expressing gratitude for their continued trust. A poll was conducted for shareholders who had not voted electronically, overseen by the scrutinizer. Voting results will be submitted to the stock exchange and uploaded to the company website in due course.

Focus Business Solution has fixed September 18, 2026 as the record date for its proposed final dividend of ₹0.10 per equity share for FY26. The Board recommended this payout in its meeting on September 2, 2026, subject to shareholder approval at the 19th Annual General Meeting (AGM).

The company will hold its AGM on September 28, 2026, to approve the dividend alongside a strategic diversification into textiles and hospitality. Payment will be made to shareholders on record as of September 18, 2026, and will be subject to deduction of tax at source.

Strategic Expansion via MOA Alteration

A significant special resolution involves altering the Memorandum of Association (MOA) to broaden the company’s operational scope beyond its core debt recovery business. The proposed changes aim to diversify revenue streams into new sectors with an estimated investment of ₹2 crore.

Governance and Auditor Appointment

Mr. Mohamedyaseen Muhammadbhai Nathani retires by rotation at the AGM and has offered himself for re-appointment. The Board seeks approval for his continued remuneration of ₹60 lakh per annum for his remaining tenure from January 6, 2027, to January 5, 2029. Similarly, Mr. Mohamedamin Mohammad Nathani’s remuneration was approved at ₹60 lakh per annum for the same period. Both directors drew ₹24 lakh in FY25-26.

M/s PSSP & Co. Chartered Auditors (Firm Reg. No. 0129147W) has been appointed as Statutory Auditor for a five-year term from the conclusion of the 19th AGM until the 24th AGM. This replaces M/s Kansariwala & Chevli, whose tenure concludes with this AGM. M/s JDM and Associates LLP continues as Secretarial Auditor for 2026-27.

Financial Performance Context

For FY25-26, the company reported a turnover of ₹2,415.89 lakh, up from ₹2,395.90 lakh in FY24-25. Net profit rose to ₹87.14 lakh from ₹74.08 lakh in the previous year. Earnings per share stood at ₹1.20 for FY25-26, compared to ₹1.61 in FY24-25.

What the Numbers Show

The decline in EPS from ₹1.61 to ₹1.20 despite a rise in net profit indicates a significant dilution effect, likely stemming from the bonus share issuance mentioned in the annual report context. While profitability improved operationally, the expanded share base reduced per-share earnings metrics.

AGM Logistics

The 19th AGM will be held at 4:00 pm at the company’s registered office: 703, Rajhans Complex, Nr. Kadiwala School, Ring Road, Surat-395002, Gujarat. Remote e-voting will be available from September 24, 2026, to September 27, 2026. The cut-off date for determining voting rights is Monday, September 21, 2026.