Indbank Merchant Banking Services Ltd concluded its 37th Annual General Meeting on September 24, 2026, with shareholders adopting the audited financial statements for FY26. The meeting, conducted via video conferencing, saw the reappointment of a key nominee director and the formal adoption of board and auditor reports.

Meeting proceedings and attendance

The meeting commenced at 11:30 am and concluded by 12:00 pm. A total of 58 members participated through video conferencing. The quorum was confirmed before proceedings began. Shri V. Haribabu, President and Whole Time Director, chaired the session after being proposed by the Company Secretary.

Six directors were present at the meeting:

• Shri Vajinath Gavarshetty, Independent Director
• Shri V. Haribabu, President and Whole Time Director
• Shri Sunil Jain, Nominee Director
• Shri Devinder Kumar Singla, Independent Director
• Shri V.A. Prasanth, Independent Director
• Smt Padma R, Independent Director

Shri Ashutosh Choudhury, another Nominee Director, was absent due to official exigencies. Key attendees included Mrs. Chitra M.A., Company Secretary and Compliance Officer, and Shri Balaji M.S., Chief Financial Officer.

Adoption of financial statements

The Chairman highlighted the industry scenario and the company's performance during FY26. The Notice of the AGM, Annual Report, Independent Auditor’s Report, and Secretarial Auditor’s Report were taken as read. This was permissible under Section 145 of the Companies Act, 2013, as there were no qualifications in either auditor’s report.

Members approved two ordinary business items:

1. Receipt, consideration, and adoption of audited financial statements for FY26 along with Board and Auditor reports.
2. Appointment of Shri Sunil Jain (DIN: 09665264) as Director in place of himself, who retired by rotation and offered himself for reappointment.

Voting mechanism and scrutiny

The company facilitated remote e-voting from September 21, 2026, to September 23, 2026. Members present at the meeting who had not voted remotely could cast their votes electronically during the AGM. Shri Baalasubramaniyan Ne, Partner of GRNK & Associates, served as the scrutinizer to ensure fair and transparent voting processes.

Three speakers joined the meeting to raise queries, which were addressed by the Chairman. The final voting results are scheduled for announcement to stock exchanges and publication on the company website.

Indbank Merchant Banking Services Limited has confirmed September 17, 2026, as the cut-off date for its 37th Annual General Meeting (AGM). The meeting is scheduled for September 24, 2026, to be conducted via video conferencing.

The Board of Directors approved the schedule during a meeting held on August 25, 2026. A subsequent intimation dated August 31, 2026, clarified that the Register of Members and Share Transfer Books will remain closed from September 18, 2026, to September 24, 2026, inclusive.

Meeting Details

The AGM will commence at 11:30 am on September 24, 2026. Shareholders can participate through Video Conferencing or Other Audio-Visual Means. The company has appointed Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process.

Key Dates

Agenda Items

The primary business for the AGM includes:

• Adoption of the audited financial statements for the financial year ended March 31, 2026, along with the reports of the board of directors and auditors.
• Re-appointment of Shri Sunil Jain (DIN: 09665264) as a Nominee Director, who retires by rotation. Shri Jain is currently serving as the General Manager and Chief Financial Officer of Indian Bank.