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.

Indbank Merchant Banking Services Ltd reported a net profit of ₹237.53 lakh for the quarter ended June 30, 2026, marking an 11.1% increase compared to ₹213.89 lakh in the corresponding quarter of the previous year. The company’s revenue from operations for Q1FY27 stood at ₹690.35 lakh, up from ₹668.79 lakh in the same period last year, driven primarily by higher fees and commission income. Earnings per equity share (basic and diluted) improved to ₹0.54 from ₹0.48 in the prior year quarter.

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, during a meeting held on July 8, 2026. The company submitted a revised filing to the exchanges to remove two additional columns that were not required as per the prescribed format, confirming that there were no changes to the financial figures. The results were reviewed by the Audit Committee and the statutory auditors, Anand & Ponnappan Chartered Accountants, issued an unmodified audit opinion. The Limited Review Report confirms compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Indian Accounting Standard 34.

Fees and commission income, the largest revenue component, rose to ₹493.23 lakh from ₹462.78 lakh in the previous year. Interest income decreased to ₹158.29 lakh from ₹170.64 lakh, while net gain on fair value changes improved to ₹34.75 lakh compared to ₹30.99 lakh. Total expenses for the quarter were ₹382.11 lakh, a slight decrease from ₹390.85 lakh in the corresponding period of the previous year, aided by lower finance costs and other expenses.

Financial Performance

The company operates as a single segment under Ind AS 108. The paid-up equity share capital remained unchanged at ₹4,437.82 lakh. The statutory auditors noted that quoted shares held by the company are valued at fair value as of June 30, 2026, in accordance with Ind AS 109.