Shalibhadra Finance Limited confirmed the resignation of Megha Singh from her role as Company Secretary and Compliance Officer. The resignation took effect upon the closure of business hours on October 1, 2026.

The company filed this intimation with BSE and NSE on October 3, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Vatsal Doshi, Managing Director of the company.

Reason for departure

The company stated that Singh resigned due to personal reasons. As per the disclosure norms under Part A of Schedule III of the SEBI LODR regulations, specific details regarding the change in key managerial personnel were provided to the stock exchanges.

Disclosure details

The following table summarizes the key details disclosed in the regulatory filing:

No brief profile or relationship disclosures were applicable as these sections pertain to appointments rather than resignations. The company has not yet announced a successor for the vacant position in the current disclosure.

Shalibhadra Finance Limited held its 35th Annual General Meeting on September 30, 2026, via video conferencing. Shareholders approved the adoption of audited financial statements for FY26 and declared a dividend on equity shares.

The meeting concluded at 1:25 pm after the requisite quorum was met. The agenda included ordinary business items such as adopting the Balance Sheet as at March 31, 2026, and the Statement of Profit or Loss for the year ended on that date. Directors and Auditors reports were also adopted. Mr. Paresh D. Pandya served as the Scrutinizer for the remote e-voting process conducted by NSDL.

Director Appointments and Ratifications

Shareholders passed resolutions to appoint Minesh M. Doshi and Ayushi M. Doshi as Directors liable to retire by rotation. Additionally, a special resolution ratified the appointment of Vatsal M. Doshi as Managing Director.

Borrowing and Operational Powers

The board sought enhanced powers under the Companies Act, 2013. Shareholders approved the enhancement of borrowing powers under Section 180(1)(c). They also granted authority to the board for the sale, lease, or disposal of the whole or substantially the whole undertaking under Section 180(1)(a).

Furthermore, a special resolution approved the issuance of secured, listed, redeemable non-convertible debentures on a private placement basis. These approvals align with the company's operational and capital structure requirements.

What the Numbers Show

The voting pattern highlights a distinct split based on promoter interest. For resolutions where promoters were not interested (Financials, Dividend, Borrowing Powers, NCD issuance), total votes polled stood at 14,376,927, representing 46.54% of outstanding shares. Promoters cast 13,303,128 votes, accounting for 74.13% of their holding.

In contrast, for director appointments and MD ratification where promoters were interested, they abstained from voting. Consequently, only public non-institutional shareholders voted, casting 1,073,799 votes, which represented just 3.48% of total outstanding shares. This indicates that governance-related appointments rely heavily on minority shareholder participation when promoters recuse themselves.