Sakthi Finance Limited shareholders approved the payment of a commission of 1% on net profits to Dr. Sundaraswamy Veluswamy, Non-Executive Non-Independent Director, during the company's 69th Annual General Meeting.

The meeting, held on September 26, 2026, also ratified the earlier declaration of a final equity dividend of ₹0.80 per share for FY26. Additionally, members authorized the issuance of Redeemable Cumulative Preference Shares (RCPS) on a private placement basis, capped at the Authorised Preference Share Capital of ₹50 crore.

Dividend and financial approvals

Shareholders voted to confirm the interim dividend on Redeemable Cumulative Preference Shares as the final dividend. They also approved the declaration of a dividend on equity shares at ₹0.80 per share (8%) for FY26. These resolutions were passed through remote e-voting and e-voting during the meeting. The total gross dividend payout amounts to ₹517.65 lakhs, subject to applicable tax deductions. The dividend will be paid to eligible shareholders within the prescribed time.

Governance and board changes

Dr. Mahalingam Manickam was re-appointed as Director upon his retirement by rotation. The meeting approved the payment of commission to Dr. Sundaraswamy Veluswamy (DIN: 05314999) via a Special Resolution. The commission is calculated at 1% of the net profits computed under Section 198 of the Companies Act, 2013, for the financial year 2026-27.

Furthermore, shareholders authorized the issue of RCPS on a private placement basis. The key terms of this potential issuance are outlined below:

Meeting proceedings and attendance

The AGM commenced at 11:30 am and concluded at 11:57 am. A total of 67 members representing 5,39,62,662 equity shares attended the virtual meeting. The proceedings were recorded in compliance with SEBI Listing Regulations and the Companies Act, 2013. No member registered as a speaker, and no qualifications or remarks were noted in the Independent Auditor’s or Secretarial Auditor’s reports for the fiscal year.

Sakthi Finance has scheduled its 69th Annual General Meeting for Saturday, September 26, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means.

The company proposes a final dividend of ₹0.80 per equity share for FY26. This payout represents an 8% return on the face value of ₹10 per share.

Key Dates and Dividend Details

Shareholders must ensure their records are updated to receive the dividend electronically. The record date for the final dividend is Saturday, September 19, 2026.

Shareholder Instructions

The company is dispatching letters with web links to shareholders who have not registered email addresses. These documents provide access to the Annual Report for FY26 and the AGM notice.

Dividend payments will be made only through electronic mode. Shareholders holding physical shares must update their KYC details using Form No. ISR-1. Demat holders must ensure bank account details are updated with their Depository Participants.

Preference shareholders are entitled to attend the AGM but cannot vote. Debenture holders receive the notice for information purposes only and do not have voting rights.