Key Corp Limited has scheduled an extraordinary general meeting (EOGM) for Tuesday, September 8, 2026, at 11:00 am to consider the re-appointment of Mr. Ravindra Kumar Tandon as an independent director. The meeting will be held through video conferencing or other audio-visual means, with the deemed venue at the company’s registered office in Kanpur. The notice was dispatched electronically on Monday, August 17, 2026, and published in The Pioneer and Swatantra Chetna newspapers.

The sole agenda item is a special resolution to approve Mr. Tandon’s re-appointment for a second term of five consecutive years, effective from June 9, 2026, to June 8, 2031. His first five-year term, which began on June 10, 2021, expired on June 9, 2026. Following the expiration, he was appointed as an additional director pending shareholder approval.

Governance and Committee Roles

The re-appointment follows a recommendation from the Nomination and Remuneration Committee and the Board of Directors. Mr. Tandon, who holds a Bachelor’s degree in science, brings over 45 years of experience in secondary market operations. He previously served as the President of the Uttar Pradesh Stock Exchange Association Ltd. Kanpur and as the Chairman of United Mercantile Co-operative Bank.

Currently, Mr. Tandon holds key governance positions within the company:

• Chairman of the Nomination and Remuneration Committee (NRC)
• Member of the Audit Committee (AC)
• Member of the Stakeholder Relationship Committee (SRC)

The board noted his active contribution and valuable guidance during his initial tenure as reasons for recommending his re-appointment. He is eligible for sitting fees, reimbursement of expenses at actuals, and commission as approved by shareholders.

Voting Process and Logistics

Shareholders whose names appear on the register of members as of the cut-off date, September 1, 2026, are entitled to vote. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting.

Physical attendance has been dispensed with pursuant to Ministry of Corporate Affairs circulars. Shareholders may join the virtual meeting 15 minutes before the scheduled time. The facility for participation via video conferencing will be available for 1,000 members on a first-come, first-served basis, excluding large members holding 2% or more shareholding, institutional investors, directors, and auditors.

Mr. Anand Khandelia, a practicing company secretary, has been appointed as the scrutinizer to oversee the e-voting process. The explanatory statement and relevant documents are available for electronic inspection on the company’s website and the BSE platform from the date of circulation until the meeting date.

Key Corp Limited has initiated a postal ballot process seeking shareholder approval to alter its object clause, aiming to expand its operations into housing finance and diversified lending activities. The company is also proposing the appointment of two independent directors and seeking approval to enhance its borrowing powers up to ₹500 crore to support its growth strategy. These resolutions require shareholder consent through a special resolution via remote e-voting, scheduled from July 20, 2024, to August 18, 2024.

The Board of Directors, at its meeting held on July 15, 2024, approved the alteration of the Memorandum of Association to align with the Companies Act, 2013. The proposed changes involve substituting existing headings and inserting new sub-clauses to enable the company to undertake housing finance, loans against property, MSME loans, gold loans, and insurance distribution. These activities will be subject to regulations from the National Housing Bank and the Reserve Bank of India.

Key Proposed Resolutions

The company has appointed Mr. Yogesh Yashpaul Chadha (DIN: 0168180) and Mr. Devesh Srivastava (DIN: 08846006) as Additional Directors (Independent and Non-Executive) effective July 15, 2024. Shareholder approval is sought to regularize their appointments for a term of five years ending July 14, 2029. Both directors bring extensive experience in financial services, insurance, and risk management.

To facilitate the proposed business expansion, the Board seeks approval to borrow monies exceeding the aggregate of the company's paid-up share capital and free reserves. The special resolution proposes a cap of ₹500 crore on the total outstanding borrowing amount. Additionally, shareholders are asked to authorize the Board to create security by way of charge, mortgage, or hypothecation on the company's movable and immovable properties to secure these financial facilities.

Amit Chordia (COP-25667) has been appointed as the Scrutinizer to conduct the postal ballot through remote e-voting. The voting period commences at 9:00 a.m. on July 20, 2024, and concludes at 5:00 p.m. on August 18, 2024. The results will be declared within two working days of the conclusion of voting. The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.