Greencrest Financial Services Limited declared the voting results of its 34th Annual General Meeting held on September 23, 2026. Shareholders approved all three proposed resolutions, including the increase in authorized share capital and the re-appointment of a director, with a requisite majority.

The meeting was conducted via video conferencing from 11:30 am to 12:30 pm. A total of 95 members attended the session virtually, comprising two promoters and 93 public shareholders. The quorum required under Section 103 of the Companies Act, 2013 was present throughout the proceedings. The scrutinizer report, submitted by Kriti Daga, Practicing Company Secretary, confirmed that all resolutions were passed successfully.

Resolutions and voting outcomes

The company placed three items of business for members' consideration. Remote e-voting was open from September 21 to September 23, 2026. The results below reflect votes cast through electronic means, as no physical ballots were received.

The adoption of financial statements saw 7,047,161 votes in favor against 30,400 votes against. The re-appointment of Sunil Parakh received 2,515,561 votes in favor, while 31,111 votes were cast against him. The resolution to increase authorized share capital garnered 7,077,561 votes in favor, with 31,111 votes against.

Procedural details

The e-voting services were provided by National Securities Depository Ltd (NSDL). Shareholders holding shares as of the cut-off date, September 17, 2026, were entitled to vote. No physical ballot papers were received from any members within the stipulated time, and no votes were cast by way of poll during the meeting itself.

Ten members registered as speakers during the virtual session, and their queries were addressed by Sushil Parakh, Chairman and Managing Director. The scrutinizer’s records will remain in safe custody until the Chairman approves and signs the minutes of the AGM.

Greencrest Financial Services reported a net profit of ₹134.89 lakh for the financial year ended March 31, 2026 (FY26), an increase from ₹130.85 lakh in FY25. Total revenue declined significantly to ₹3,814.14 lakh from ₹7,177.82 lakh in the previous year, driven by lower sales of equity shares.

The Board of Directors, meeting on September 1, 2026, approved the financial statements and fixed the book closure period for its 34th Annual General Meeting (AGM) from September 18 to September 24, 2026. The AGM is scheduled for September 24, 2026, at 11:30 am via Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Financial Performance

The company’s revenue structure shifted during FY26. Interest income rose to ₹724.07 lakh from ₹600.04 lakh in FY25, reflecting growth in lending activities. However, this was offset by a sharp decline in revenue from the sale of shares, which dropped to ₹3,006.90 lakh from ₹6,666.57 lakh in the prior year. Profit from derivatives trading turned positive at ₹77.78 lakh, compared to a loss of ₹100.37 lakh in FY25.

Profit before tax stood at ₹189.46 lakh, down slightly from ₹199.19 lakh in FY25. Finance costs increased to ₹338.08 lakh from ₹292.99 lakh. The company did not declare any dividend for FY26, consistent with its strategy to conserve resources.

Corporate Actions

The Board recommended the re-appointment of Sunil Parakh (DIN: 01008503) as a Non-Executive Director, who retires by rotation. The company also sought shareholder approval to increase its authorised share capital to ₹90.00 crore from ₹45.50 crore, subject to amendments in the Memorandum of Association.

M/s. Kriti Daga was appointed as the scrutinizer for e-voting and voting at the AGM. The Secretarial Audit Report for FY26, issued by M/s. Kriti Daga, was also approved by the Board.

What the Numbers Show

Despite a nearly 47% drop in total revenue, the company maintained profitability due to higher interest income and gains from derivative trading. The decline in share sales suggests a strategic shift or reduced trading activity, while rising finance costs indicate increased borrowing to fund lending operations. The absence of dividend payout reinforces the focus on capital conservation.