Sakthi Finance Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving a special resolution for commission payment to a Non-Executive Director. The company announced the results on 21 March 2026, following the completion of remote e-voting that ran from 19 February 2026 to 20 March 2026.

Postal Ballot Results Overview

The special resolution regarding payment of commission to Dr S Veluswamy (DIN: 05314999), Non-Executive, Non-Independent Director, received strong shareholder support. The resolution authorizes payment of 1% commission on net profits computed under Section 198 of the Companies Act, 2013 for Financial Year 2025-26, covering the period from 1 April 2025 to 31 March 2026.

Voting Participation by Category

The voting results demonstrated strong support across different shareholder categories. The Promoter and Promoter Group showed unanimous support, while Public Non-Institutions category had the highest participation rate among public shareholders.

Process Details and Compliance

The postal ballot was conducted entirely through remote e-voting without sending physical ballots, in compliance with Ministry of Corporate Affairs and SEBI guidelines. The cut-off date for determining eligible shareholders was set as 13 February 2026, with 10,545 shareholders eligible to participate in the voting process.

Central Depository Services (India) Limited served as the e-voting platform provider, with E-Voting Sequence Number 260216001. The company published advertisements in Business Line (English) and Hindu Tamil Thisai (Tamil) newspapers on 19 February 2026 regarding the dispatch of postal ballot notices.

Regulatory Disclosure and Compliance

The company has formally notified BSE Limited about the voting results through a regulatory disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references the initial board approval communicated on 12 February 2026 for the commission payment proposal.

Scrutinizer's Report and Validation

R. Sivasubramanian, Practicing Company Secretary (Membership No. A22289), acted as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed that the special resolution was duly passed with requisite majority on 20 March 2026, when the remote e-voting process concluded.

The voting results and scrutinizer's report are available on the company's website at sakthifinance.com/investor-information, CDSL's website at evotingindia.com/noticeResults, and at the company's registered office notice board at 62, Dr. Nanjappa Road, Coimbatore – 641 018. The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI regulations.

Sakthi Finance Limited has announced the appointment of Sri S Rajendran as Head of Internal Audit (HIA) for a three-year term, marking a key leadership transition in the company's internal audit function. The appointment was formally approved during a Board of Directors meeting held on March 10, 2026.

Board Approval and Regulatory Compliance

The Board of Directors approved the appointment based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee. These committees held their respective meetings on March 9, 2026, and March 10, 2026, before presenting their recommendations to the Board. The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Appointment Details and Terms

Sri S Rajendran will assume the role of Head of Internal Audit for a period of three years with effect from April 1, 2026. As HIA, he will be designated as one of the Senior Management Personnel of the company, reflecting the strategic importance of the internal audit function.

Professional Background and Qualifications

Sri S Rajendran brings substantial experience to the role, currently serving as Deputy General Manager (Management Services) at Sakthi Finance Limited. His educational background includes a Post Graduate Degree in Mathematics from Bharathiyar University, providing him with strong analytical and quantitative skills essential for internal audit functions.

Transition from Previous Appointee

The appointment represents a planned succession as Sri K Guruprasad's term as Head of Internal Audit concludes on March 31, 2026. Sri K Guruprasad was appointed for a one-year term that began on April 1, 2025, and his tenure will be completed just before Sri S Rajendran assumes the role.

Regulatory Disclosure and Documentation

The company has fulfilled all disclosure requirements under Regulations 30 and 51, along with Schedule III provisions of the Listing Regulations and SEBI Master Circular guidelines updated on January 30, 2026. The intimation has been uploaded on the company's website and is accessible through their investor information section at sakthifinance.com/investor-information/. The formal communication was submitted to BSE Limited under scrip code 511066.