FynX Capital shareholders approve FY26 financials and higher borrowing limits
- FynX Capital adopted audited financial statements for FY26 during its 41st AGM
- Shareholders approved special resolution to increase borrowing limits under Section 180(1)(c)
- Remuneration for Managing Director Shanker Raman Siddhanathan revised via special resolution
- Gautam Kirtikumar Shah re-appointed as director following retirement by rotation
*this image is generated using AI for illustrative purposes only.
FynX Capital Limited concluded its 41st Annual General Meeting on September 29, 2026, in Mumbai. Shareholders adopted the audited financial statements for the year ended March 31, 2026, and approved special resolutions to increase borrowing limits and revise the managing director's remuneration.
The meeting was chaired by Shanker Raman Siddhanathan, Managing Director. It commenced at 2:30 pm at the registered office in Andheri East. A total of 22 shareholders were present, either physically or through remote e-voting facilities which remained open from September 25 to September 28, 2026.
Key resolutions passed
The members passed several ordinary and special resolutions as outlined below:
| Item | Particulars | Type |
|---|---|---|
| 1 | Adoption of audited financial statements for FY26 | Ordinary |
| 2 | Re-appointment of Gautam Kirtikumar Shah as director | Ordinary |
| 3 | Revision of remuneration for Shanker Raman Siddhanathan | Special |
| 4 | Related party transaction with Shanker Raman Siddhanathan | Ordinary |
| 5 | Related party transaction with Lord Krishna Financial Services | Ordinary |
| 6 | Remuneration for Maheswar Sahu, Non-Executive Director | Special |
| 7 | Increase in borrowing limits under Section 180(1)(c) | Special |
Governance and attendance details
The company extended remote e-voting pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. PHD & Associates served as the scrutinizer for both electronic and physical poll voting processes.
Key personnel present included Ashok Kumar Mittal (Director), Ashok Kumar Nag (Independent Director), and representatives from statutory auditor N.C Vaishnav & Co. Akash Hirenbhai Bheda served as Company Secretary and Compliance Officer, while Preeti Mhatre attended as Chief Financial Officer.
Operational context
FynX Capital, formerly known as Rajath Finance Limited, operates in the financial services sector. The approval for increased borrowing limits suggests a strategic intent to expand its lending or investment capacity, a common move for non-banking finance companies seeking to scale their asset base. The adoption of FY26 financials confirms the completion of the annual reporting cycle for the fiscal year ending March 2026.
Historical Stock Returns for Fynx Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.17% | -6.06% | +1.20% | +35.71% | +48.36% | 0.0% |
How will the increased borrowing limits specifically impact FynX Capital's asset growth targets for the upcoming fiscal year?
What are the expected financial implications of the revised remuneration structure for the Managing Director on the company's operating expenses?
Will the expansion of borrowing capacity lead to a noticeable change in FynX Capital's credit rating or cost of funds?
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