Indergiri Finance dispatches AGM notice; proposes MD pay hike
- Indergiri Finance dispatched 32nd AGM notice and FY26 Annual Report to physical shareholders
- Record date fixed as September 23, 2026 for AGM scheduled on September 30
- Board seeks approval for MD Shanker Wunnava's remuneration revision to ₹45-60 lakh annually
- Company reported PAT of (₹137.75) lakh in FY26 vs loss of (₹157.28) lakh in FY25
- Physical shareholders urged to update KYC details per SEBI circular effective April 1, 2024
*this image is generated using AI for illustrative purposes only.
Indergiri Finance has dispatched the notice for its 32nd Annual General Meeting and the Annual Report for FY26 to physical shareholders. The company notified the Bombay Stock Exchange of this dispatch on September 2, 2026, in compliance with SEBI Listing Regulations.
The 32nd AGM is scheduled for September 30, 2026, at 12:30 pm via Video Conferencing or Other Audio Visual Means. Shareholders holding securities in physical mode whose email addresses are not registered with the company or depository participants have been sent letters containing web-links to access the documents. The documents are also available on the company’s website.
Book Closure and Record Date
The annual book closure for equity shares will run from September 24, 2026, to September 30, 2026 (both days inclusive). This closure is strictly for determining shareholders eligible to attend and vote at the AGM. The record date is fixed as September 23, 2026.
| Particulars | Details |
|---|---|
| Record Date | September 23, 2026 |
| Book Closure From | September 24, 2026 |
| Book Closure To | September 30, 2026 |
| Purpose | 32nd Annual General Meeting |
| Security Type | Equity Shares of ₹10 each |
Key Agenda Items
The AGM will transact both ordinary and special business. Shareholders will consider the re-appointment of Mr. Roshan Shah as a Non-executive Director. He retires by rotation under Section 152(6) of the Companies Act, 2013, and offers himself for re-appointment. Mr. Shah holds a Master's in Business Administration and has over 13 years of experience in trade finance and credit risk insurance. He currently holds 959,905 equity shares in the company.
Remuneration Revision for Managing Director
The special business item seeks approval for a revision in the remuneration of Mr. Shanker Wunnava, Managing Director & CFO. His existing tenure runs until July 27, 2028. The proposed revision is effective from July 28, 2026, through the balance of his tenure.
The Nomination and Remuneration Committee recommended the change based on Mr. Wunnava's responsibilities and experience. He holds a Postgraduate Diploma in Business Management and has more than 18 years of experience in financial services.
| Particulars | Proposed Terms |
|---|---|
| Designation | Managing Director & CFO |
| Effective Date | July 28, 2026 |
| Annual Remuneration | ₹45 lakh to ₹60 lakh |
| Performance Bonus | Within overall range, as decided by NRC |
| Other Benefits | Leave encashment, gratuity per Payment of Gratuity Act, 1972 |
Mr. Wunnava drew remuneration of ₹45,00,000 during FY26. He holds 115,305 equity shares in the company. The resolution clarifies that this proposal relates only to remuneration revision and does not constitute a fresh appointment or extension of tenure.
Financial Performance Context
The AGM notice includes financial data for FY26 and FY25. Total income rose to ₹355.07 lakh in FY26 from ₹236.38 lakh in FY25. However, finance costs increased sharply to ₹162.36 lakh from ₹74.86 lakh. The company reported a profit after tax of (₹137.75) lakh in FY26, compared to a loss of (₹157.28) lakh in FY25.
The explanatory statement notes that the global finance sector faced challenges during the year. The company states it has taken steps to improve margins by strategically segregating its portfolio. It expects the sector to improve in the medium term, leading to increased demand and firming margins.
Voting and Participation Details
Remote e-voting commences on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. The cut-off date for voting rights is September 23, 2026. Members can participate via VC/OAVM through the MUFG Intime India Private Limited platform. The facility is available on a first-come-first-served basis for up to 1,000 members, excluding large holders, promoters, and institutional investors.
KYC and Demat Update Reminder
The dispatch letter serves as a reminder for physical shareholders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. The circular mandates recording PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination for security holders in physical mode. Payments for folios without updated details are eligible only through electronic mode effective April 1, 2024.
Historical Stock Returns for Indergiri Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.15% | 0.0% | 0.0% | -22.15% | 0.0% |
How will the sharp increase in finance costs from ₹74.86 lakh to ₹162.36 lakh impact Indergiri Finance's path to profitability in FY27?
What specific strategies is the company implementing to segregate its portfolio and improve margins amidst the challenging global finance sector environment?
Could the proposed remuneration hike for the Managing Director & CFO signal an aggressive growth strategy or increased operational complexity for the firm?
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