Kreon Finnancial Services shareholders approved all eight resolutions at its 32nd annual general meeting held on August 26, 2026. The unanimous vote covers revised management remuneration and material related-party transactions.

The meeting, chaired by Chairman and Managing Director Jaijash Tatia, commenced at 11:00 am via video conference. A quorum of 42 members was present to consider ordinary and special business items.

Voting Results

All items on the agenda were passed with requisite majorities. The adoption of audited financial statements for FY26 and the re-appointment of Ms. Henna Jain as a director retiring by rotation received 100% support from the 37 participating shareholders, representing 1,21,69,770 shares.

Special resolutions regarding the remuneration of Mr. Jaijash Tatia and Mrs. Henna Jain were approved with 99.99% support. Ordinary resolutions authorizing material related-party transactions with group entities Tatia Global Venture Limited, Ashram Online.com Limited, and Opti Products Private Limited also secured 99.99% approval.

Key Resolutions Passed

Shareholders voted to adopt the audited standalone financial statements for the fiscal year ended March 31, 2026. The board also secured approval for the re-appointment of Ms. Henna Jain as a director retiring by rotation.

Management Remuneration

The special business agenda included approvals for revised remuneration packages for:

• Mr. Jaijash Tatia, Chairman and Managing Director
• Mrs. Henna Jain, Joint Managing Director

Related-Party Transactions

The meeting authorized material related-party transactions involving borrowings and lendings with three group entities:

• Tatia Global Venture Limited (TGVL)
• Ashram Online.com Limited (AOL)
• Opti Products Private Limited (OPPL)

Additionally, shareholders approved borrowing funds directly from Mr. Jaijash Tatia.

Financial Performance: Return to Profitability

FY26 marked a significant turnaround for Kreon Financial. Total income increased by approximately 63% from ₹26.65 crore to ₹43.35 crore. Revenue from operations grew by nearly 66% to ₹38.68 crore. Over the same period, total expenses increased by approximately 9%, demonstrating operating leverage in the company's technology-led model.

The company moved from a net loss of ₹4.14 crore in FY25 to a net profit of ₹7.26 crore in FY26. EBITDA improved from negative ₹44 lakh to positive ₹13.14 crore. Return on Equity improved to 20.12% and Return on Assets was approximately 10%.

*Revenue figure for FY25 derived from context of growth; exact prior year revenue not explicitly stated as absolute in source, but growth % provided.

StuCred Growth and Asset Quality

StuCred, the student credit platform, disbursed ₹357.61 crore across approximately 18.9 lakh loans during the year. Disbursement value increased by more than 54% over the previous financial year. Assets Under Management increased from ₹29.72 crore to ₹49.17 crore, a growth of approximately 65.5%. Cumulative credit extended since launch has crossed ₹1,000 crore.

Customer retention stood at 91%, with more than 2 lakh repeat borrowers. Repeat and extension disbursements reached approximately ₹129 crore, representing more than 36% of total disbursement value. Customer acquisition costs remained at approximately ₹96, below the internal ceiling of ₹150.

However, Gross NPA increased from 6.93% to 8.91%, despite collection efficiency remaining strong at approximately 95.38%. Management acknowledged the need to strengthen underwriting and portfolio monitoring.

Capital Strength and Future Outlook

The company's net worth increased by approximately 16.6% to ₹36.08 crore, supported by internal accruals without fresh equity infusion. The Capital Adequacy Ratio improved from 45.25% to 49.45%.

Looking ahead, Kreon plans to extend its capabilities into adjacent opportunities, including MDPD (My Day Pay Day), an Earned Wage Access solution for salaried employees. The company aims to build a diversified, technology-led financial services platform while maintaining disciplined risk management and governance.

Voting Process

The company facilitated remote e-voting from August 23, 2026, to August 25, 2026. Members attending the virtual meeting who had not cast remote votes were permitted to vote electronically through Purva Sharegistry (India) Private Limited's platform.

M/s. Lakshmi Subramanian & Associates served as the scrutinizer for the electronic voting process. The final voting results are expected to be declared within 48 hours of the meeting's conclusion.

Kreon Finnancial Services raised its stake in Kairosoft AI Solutions Limited to 17.17% through an open market acquisition. The financial services firm bought 5,996 equity shares, triggering a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction was executed on August 26, 2026. Jaijash Tatia, Chairman and Managing Director of Kreon, signed the disclosure filed with the BSE Limited and the compliance officer of the target company.

Acquisition Details

Prior to this purchase, Kreon held 197,077 shares, representing 16.66% of the total voting capital. The acquisition of 5,996 shares increased the total holding to 203,073 shares.

The acquired shares rank pari-passu with existing equity shares. The total voting capital of Kairosoft AI Solutions remains at ₹1,18,29,560, comprising 11,82,956 equity shares of face value ₹10 each.

Regulatory Context

Kreon is not part of the promoter group of Kairosoft AI Solutions. The disclosure confirms that there are no encumbrances, warrants, or convertible securities associated with the holding. The acquisition mode was strictly open market trading.