Minolta Finance Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission covers the quarter ended March 31, 2026, and confirms the company's adherence to prescribed dematerialization procedures.

Regulatory Submission Details

The compliance certificate was submitted on April 09, 2026, to both BSE Limited and The Calcutta Stock Exchange Ltd. by Compliance Officer Shefali Gupta. The submission fulfills the requirements under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Registrar Confirmation

Niche Technologies Pvt. Ltd., serving as the company's Registrar & Share Transfer Agent, issued the compliance certificate on April 06, 2026. The ISO 9001:2015 certified company confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed according to regulatory standards.

The registrar confirmed that securities received for dematerialization were appropriately accepted or rejected to the depositories, and that all securities comprised in the certificate have been listed on the stock exchanges where the company's earlier issued securities are listed. Additionally, the certificate confirms that security certificates received for dematerialization have been mutilated and cancelled after due verification, with the depository's name substituted in the register of members as the registered owner.

Compliance Framework

The submission demonstrates Minolta Finance Limited's commitment to maintaining regulatory compliance in its securities handling processes. The quarterly certification process ensures transparency in dematerialization activities and provides assurance to stakeholders regarding proper adherence to SEBI regulations governing depositories and participants.

Minolta Finance Limited has successfully obtained shareholder approval for a substantial increase in its authorized share capital through a postal ballot process concluded on March 22, 2026. The resolution was passed with the requisite majority, marking a significant milestone in the company's capital structure expansion plans.

Postal Ballot Resolution Details

The company sought approval for increasing its authorized share capital from ₹10,20,00,000 (Rupees Ten Crore Twenty lakh only) to ₹70,20,00,000 (Rupee Seventy Crore twenty lakh only). This represents a six-fold increase in the company's authorized capital base. The resolution also includes the creation of additional equity shares of appropriate face value, ranking pari passu with existing equity shares, and consequent alteration of the Capital Clause in the Memorandum of Association.

Voting Results and Participation

The postal ballot process was conducted exclusively through remote e-voting, with the voting period commencing on February 20, 2026, at 9:00 a.m. and concluding on March 22, 2026, at 5:00 p.m. The voting results demonstrated strong shareholder participation:

Shareholder Category Breakdown

The voting was entirely driven by public non-institutional shareholders, as neither promoter and promoter group nor public institutions participated in the voting process. Out of 96,396,090 shares held by public non-institutional shareholders, 25,513,480 votes were polled, representing a 26.47% participation rate within this category.

Process and Compliance Framework

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and related rules. CS Amruta Giradkar, Practicing Company Secretary (Membership No. 48693), served as the scrutinizer for the process. The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL) for conducting the remote voting process.

The cut-off date for determining eligible shareholders was set as February 13, 2026, with the postal ballot notice dated February 18, 2026. The notice was distributed electronically to 2,512 shareholders whose email addresses were registered with the company or depositories.

Strategic Implications

The approval of this resolution provides Minolta Finance Limited with enhanced financial flexibility to pursue growth opportunities and strengthen its capital base. The increased authorized share capital will enable the company to issue additional equity shares as needed, subject to applicable statutory approvals and regulatory requirements. This capital structure enhancement positions the company to support its business expansion plans and meet future funding requirements more effectively.