PMC Fincorp passes all AGM resolutions with requisite majority
- PMC Fincorp passed all three ordinary resolutions at its 41st AGM held on September 24, 2026
- Resolutions included adoption of FY26 standalone financial statements and re-appointment of MD Raj Kumar Modi
- Appointment of M/s Sunil K. Gupta & Associates as statutory auditors was also approved
- Voting results were disclosed on September 25, 2026, confirming requisite majority for all items
*this image is generated using AI for illustrative purposes only.
PMC Fincorp Limited passed all ordinary resolutions proposed at its 41st Annual General Meeting (AGM) held on September 24, 2026. The meeting, conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM), saw the adoption of standalone financial statements for FY26 and key governance appointments.
The proceedings commenced at 11:00 am and concluded at 11:52 am. A total of 49 members, including six promoter shareholders, attended the virtual meeting. The Company Secretary confirmed that the requisite quorum was present as per applicable circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
Key resolutions adopted
The shareholders approved the following items of ordinary business:
| Resolution | Description | Outcome |
|---|---|---|
| Financial Statements | Adoption of audited standalone financial statements for the year ended March 31, 2026 | Passed |
| Director Re-appointment | Re-appointment of Raj Kumar Modi, Managing Director, retiring by rotation | Passed |
| Auditor Appointment | Appointment of M/s Sunil K. Gupta & Associates as statutory auditors | Passed |
Voting details and participation
The company facilitated remote e-voting through NSDL from September 21 to September 23, 2026. Shareholders present at the AGM who had not previously voted were provided an opportunity to cast their votes electronically during the meeting. The notice for the AGM dated August 17, 2026, along with the annual report containing audited standalone financial statements, was circulated within the statutory period.
Voting results were disclosed on September 25, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated report by scrutinizer Ajay Kumar Choudhary of M/s A.K. Choudhary & Associates confirmed that all resolutions were passed with the requisite majority.
Participation statistics
| Category | Attendance Details |
|---|---|
| Total shareholders on record date | 173,416 |
| Promoter and Promoter Group (VC) | 6 |
| Public (VC) | 43 |
| Total attendees via VC | 49 |
Governance and compliance
The Board of Directors was fully represented at the meeting. Prabhat Modi, Whole Time Director and Chairman of the AGM, presided over the session. Other directors present included Rekha Modi, Non-Executive Non-Independent Director; Raj Kumar Modi, Managing Director; Mahavir Prasad Garg, Independent Director; Yogesh Kumar Garg, Independent Director; and Deepali Sehgal Kulshrestha, Independent Director.
Chandraresh Kumar Sharma, Chief Financial Officer, also attended the meeting. Anamika Bhola, Proprietor of M/s Anamika Bhola & Associates, served as the Secretarial Auditor. The secretarial auditor’s report and the statutory auditor’s report on the standalone financial statements did not contain any qualifications, observations, or comments.
Historical Stock Returns for PMC Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.57% | 0.0% | +8.02% | -13.79% | -11.17% | 0.0% |
How will the re-appointment of Raj Kumar Modi as Managing Director influence PMC Fincorp's strategic direction for FY27?
What specific growth initiatives or portfolio adjustments are implied by the adoption of the unqualified standalone financial statements for FY26?
Given the low retail shareholder attendance, how does PMC Fincorp plan to enhance investor engagement and liquidity in future cycles?
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