Indergiri Finance Limited will convene a Rights Issue Committee meeting on Thursday, October 15, 2026, to approve the final modalities of its proposed rights issue. The company aims to raise up to ₹1,000 lakh from eligible equity shareholders.

This development follows in-principal approvals received from BSE Limited on October 7, 2026. The committee will determine critical parameters including the issue price, entitlement ratio, record date, and the opening and closure dates for the subscription period. These steps are taken in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background on the capital raise

The upcoming meeting builds upon a Board resolution passed on February 10, 2026. At that time, the Board had approved a proposal for the issuance of fully paid-up equity shares with a face value of ₹10 each, aggregating up to ₹10 crore. The Rights Issue Committee is now tasked with finalizing the specific terms and conditions for this capital infusion.

Trading window closure

In adherence to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal code of conduct, the trading window for dealing in the securities of Indergiri Finance will remain closed. This restriction applies until 48 hours after the conclusion of the board meeting scheduled for October 15, 2026.

Key details of the proposal

The company stated that the communication serves as an intimation regarding the scheduling of this committee meeting. No financial results or operational metrics were disclosed in this filing, as the focus remains strictly on the procedural aspects of the capital raise.

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.

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.

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.