PMC Fincorp passes all resolutions at 41st annual general meeting
- All ordinary resolutions passed with requisite majority
- Audited standalone financial statements for FY26 adopted
- M/s Sunil K. Gupta & Associates appointed as statutory auditors
- Raj Kumar Modi re-appointed as Managing Director
*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 |
|---|---|
| Financial Statements | Adoption of audited standalone financial statements for the year ended March 31, 2026 |
| Director Re-appointment | Re-appointment of Raj Kumar Modi, Managing Director, retiring by rotation |
| Auditor Appointment | Appointment of M/s Sunil K. Gupta & Associates as statutory auditors |
Governance and attendance
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, while Ajay Kumar Choudhary of M/s A.K. Choudhary & Associates acted as the scrutinizer for the e-voting process.
Voting and compliance
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.
The secretarial auditor’s report and the statutory auditor’s report on the standalone financial statements did not contain any qualifications, observations, or comments. The consolidated report on votes cast in favor and against will be submitted by the scrutinizer within two working days and hosted on the company’s website.
Historical Stock Returns for PMC Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.02% | +11.73% | +6.47% | +2.84% | -10.84% | +4.62% |
How will the adoption of the FY26 standalone financial statements influence PMC Fincorp's credit rating outlook and borrowing costs in the upcoming fiscal year?
What strategic shifts in loan book composition or risk management protocols can be expected following the re-appointment of Managing Director Raj Kumar Modi?
How does the appointment of M/s Sunil K. Gupta & Associates as statutory auditors align with the company's long-term governance strategy compared to its previous auditor tenure?
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