Geetanjali Credit and Capital Limited will convene its 36th Annual General Meeting on August 21, 2026, to approve a significant increase in its authorized share capital and regularize the appointments of four key directors. The meeting, scheduled for 1:00 PM, will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars. Shareholders must ensure their names appear on the register by the August 14, 2026 cut-off date to exercise voting rights, as the share transfer books will remain closed from August 15 to August 21, 2026.

The most material resolution on the agenda is the proposed increase in the company’s authorized share capital from ₹5 crore to ₹95 crore. This expansion involves creating 9,00,00,000 additional equity shares of ₹10 each, bringing the total authorized capital to 9,50,00,000 shares. The Board of Directors approved this proposal in its meeting held on July 16, 2026, citing the need for future growth and operational flexibility. The resolution requires shareholder approval as an ordinary resolution under Section 13, 61, and 64 of the Companies Act, 2013.

Board Appointments and Regularizations

The AGM will also see the formal appointment and regularization of several board members, strengthening the company’s governance structure. The shareholders are asked to approve the following positions:

Dharmendra Hasmukhbhai Vyas, who was initially appointed by the Board on April 21, 2026, will receive shareholder ratification for his role as Managing Director. His remuneration package includes a monthly salary of ₹15,000, along with standard benefits such as gratuity and provident fund contributions, subject to the limits specified under Section 197 and Schedule V of the Companies Act, 2013.

Ms. Jyoti Bairwa and Mr. Imran Saiyed were appointed as Additional Independent Directors on May 16, 2026, while Ms. Kamlaben Salvi joined as an Additional Director on April 21, 2026. Mr. Pradeep Kumar Agrawal was appointed most recently on July 17, 2026. All these appointments require shareholder regularization to confirm their terms and conditions.

Voting Procedures and Compliance

Shareholders can cast their votes remotely via the National Securities Depository Limited (NSDL) e-voting platform. The remote e-voting window opens on August 18, 2026, at 9:00 AM and closes on August 20, 2026, at 5:00 PM. Only shareholders registered as of the record date, August 14, 2026, are eligible to vote. The company has engaged M/s Dharti Patel & Associates as the scrutinizer for the voting process.

The notice emphasizes that proxy appointments are not available for this AGM, except for body corporates which may appoint authorized representatives. Attendance via VC/OAVM will be counted towards the quorum under Section 103 of the Companies Act, 2013. The facility is available on a first-come, first-served basis for up to 1,000 members, excluding large shareholders, promoters, and institutional investors who have unrestricted access.

What the Numbers Show

The proposed jump in authorized capital from ₹5 crore to ₹95 crore represents a 1,800% increase, signaling a substantial shift in the company’s strategic posture. While the current paid-up capital remains unchanged, this move provides the necessary headroom for future equity issuances, debt conversions, or other corporate actions without requiring immediate shareholder approvals for minor increments. This aggressive capital structure adjustment suggests management is preparing for significant scale-up activities or potential mergers and acquisitions in the near term.

Geetanjali Credit and Capital Ltd has restructured its board following the resignation of Ashok Kumar Mathur and the subsequent appointment of Pradeep Kumar Agrawal as an independent director. These changes, effective July 17, 2026, were approved during a board meeting held on the same date, subject to regulatory and shareholder approvals.

Ashok Kumar Mathur resigned from the post of Executive Director due to pre-occupancy, effective from the close of business hours on July 17, 2026. In his resignation letter, Mathur confirmed there were no material reasons for his departure other than those stated. He currently holds a directorship at Saumya Capital Limited.

To fill the vacancy, the board appointed Pradeep Kumar Agrawal as an Additional Director in the category of Non-Executive Independent Director for a term of five years. This appointment is valid from July 17, 2026, to July 16, 2031, contingent upon approval by shareholders at the ensuing Annual General Meeting. Agrawal brings over eight years of experience in accounting and taxation.

The board also approved the reconstitution of various committees. The meeting was convened in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.