Laxmi India Finance shareholders unanimously approved all four resolutions at its 29th annual general meeting held on September 16, 2026. The company reported a total participation rate of 63.96% across all agenda items.

The meeting was conducted via video conferencing or other audio-visual means. Managing Director Deepak Baid chaired the proceedings. Company Secretary Sourabh Mishra confirmed that voting results would be communicated to stock exchanges within two working days. The scrutinizer’s report, filed on September 18, 2026, validated the remote e-voting and e-voting processes conducted by MUFG Intime India Private Limited.

Financial Performance Highlights

Management highlighted significant operational growth during FY25-26 following the company’s listing on the National Stock Exchange of India Limited and BSE Limited in August 2025. Assets under management grew 27.35% to reach ₹1,626.26 crore. Disbursements increased by 14% to ₹821 crore, supporting the expansion of the branch network to 176 outlets across six states.

The company maintained a Capital Adequacy Ratio of 26.12%, indicating a strong capital position. Asset quality remained healthy with Gross Stage-3 assets at 2.13%. The cost of borrowing improved from 11.48% to 10.80%, reflecting better funding conditions. Acuite Ratings & Research Limited upgraded the credit rating to ACUTE A (Stable) during the year.

What the Numbers Show

The divergence between the 29% growth in total income and the 38% expansion in profit after tax suggests operational leverage. This improvement was supported by a reduction in the cost of borrowing by 68 basis points, which likely contributed to margin expansion despite the rapid growth in assets under management.

Resolutions Approved

Shareholders transacted four agenda items during the meeting:

• Adoption of audited financial statements for the fiscal year ended March 31, 2026, along with reports from the Board of Directors and auditors.
• Re-appointment of Whole-time Director Mrs. Aneesha Baid, who retired by rotation.
• Approval for the issuance of non-convertible debentures on a private placement basis, subject to specified limits.
• Appointment of M/s V.M. & Associates as secretarial auditors for the company.

All resolutions were passed with 100% votes in favor and 0% against. No promoter group interest was declared in any of the agenda items.

Voting Participation Details

A total of 29,451 shareholders were on record. Of these, 51 folios cast votes representing 3,35,10,596 shares. The promoters held 3,15,23,468 shares and voted 3,12,67,376 shares, resulting in a 99.19% participation rate for the promoter group. Institutional public holders participated at 55.32%, while non-institutional public holders had a 1.26% participation rate.

The meeting concluded at 5:23 pm after addressing questions from speaker shareholders on customer services and product offerings.

Laxmi India Finance approved the allotment of ₹100 crore worth of non-convertible debentures (NCDs) on a private placement basis on September 2, 2026. The issuance is split into two series: Series A for ₹70 crore and Series B for ₹30 crore. Both series carry a coupon rate of 10.50% per annum, payable monthly, with a tenure of 36 months maturing on September 2, 2029.

The Business Operation Committee of the Board of Directors authorized the allotment during a meeting held on September 2, 2026. This follows an earlier disclosure dated August 25, 2026. The company filed the outcome with the Listing Compliance Departments of BSE Limited and National Stock Exchange of India Limited under Regulation 30 and 51 of the SEBI Listing Regulations.

Issue Structure

The total issue size comprises 1,00,000 debentures with a face value of ₹10,000 each. The instruments are rated, listed, unsubordinated, secured, transferable, redeemable, and non-convertible.

The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. Redemption will occur on a pro rata basis as per the Term Sheet schedules, with full redemption by the final maturity date in September 2029.

Security and Terms

The debentures are secured by a first and exclusive charge on identified receivables via hypothecation in favor of the Debenture Trustee. IDBI Trusteeship Services Limited and Mitcon Credentia Trusteeship Services Limited are involved in the trusteeship arrangements. Acute Ratings & Research Limited has provided ratings for the instruments.

Interest payments are scheduled monthly at 10.50% per annum. Specific details regarding default provisions, special rights, and payment schedules are outlined in the Key Information Document and Term Sheet referenced in the filing.