Si Capital & Financial Services Limited board approved the annual report for FY26 and proposed raising up to ₹10 crore through the issuance of non-convertible debentures (NCDs). The move seeks shareholder approval at the forthcoming Annual General Meeting (AGM).

The board also resolved to increase the remuneration of Managing Director Anto Jayson Mekkattukulam, effective April 1, 2026. This revision is contingent upon member approval during the AGM.

Corporate Actions

The board meeting held on August 20, 2026, concluded with several key resolutions:

• Approval of the Annual Report, including the Board’s Report, Management Discussion and Analysis, and Corporate Governance Report for FY26.
• Proposal to issue NCDs not exceeding ₹10 crore.
• Convening of the 32nd AGM on September 18, 2026, at 11:30 am via Video Conferencing/Other Audio-Visual Means.

Remuneration Revision

The Nomination and Remuneration Committee recommended a change in the Managing Director’s compensation package. The existing structure provided a monthly salary of ₹75,000 plus 15% of profit before tax exceeding ₹60 lakh.

Under the revised terms, the monthly salary increases to ₹1,25,000. The performance-linked component remains at 15% of profit before tax, but the threshold for this calculation rises from ₹60 lakh to ₹70 lakh. This adjustment applies to profits exceeding the new higher baseline.

What the Numbers Show

The revision in the Managing Director’s remuneration structure introduces a higher fixed cost while simultaneously raising the bar for variable pay. By increasing the profit threshold from ₹60 lakh to ₹70 lakh, the company aligns the performance bonus with a higher operational baseline. This suggests a strategic shift towards securing higher absolute profitability before triggering additional executive compensation, balancing increased fixed salary costs with stricter performance metrics.

SI Capital & Financial Services Limited has published newspaper advertisements on August 6, 2026, confirming the dispatch of the Letter of Offer in connection with its proposed rights issue of up to 75,75,000 fully paid-up equity shares of face value ₹10 each. The issue is priced at ₹10 per rights equity share and aggregates up to ₹757.50 Lakhs. The advertisements were published in Financial Express (English), Jansatta (Hindi), and The Hindu (Tamil), in compliance with Regulation 84(1) of the SEBI ICDR Regulations.

Issue Structure and Key Terms

The rights issue is being offered to eligible equity shareholders of the company in the ratio of 3 rights equity shares for every 2 fully paid-up equity shares of ₹10 each held as on the record date, i.e., July 31, 2026. The promoter of the company is Sharewealth Securities Limited. The following table summarises the key parameters of the issue:

Issue Programme

The issue schedule is structured as follows:

The board or a duly authorised committee retains the right to extend the issue period, subject to a maximum of 30 days from the issue opening date. No withdrawal of application is permitted after the issue closing date.

Payment Schedule

The entire issue price is payable on application, with no premium component, as detailed below:

Application Process and ASBA Requirements

All investors are mandatorily required to apply through the Application Supported by Blocked Amount (ASBA) process, in accordance with Regulation 76 of the SEBI ICDR Regulations. No cheques will be accepted. Investors must submit their application forms to the designated branch of a Self-Certified Syndicate Bank (SCSB) or apply online through the SCSB's website, authorising the blocking of the application money in their ASBA account.

Eligible equity shareholders holding shares in physical form as on the record date who wish to subscribe must furnish their demat account details to the registrar or the company at least three working days prior to the issue closing date, i.e., September 03, 2026. Rights entitlements and allotment of rights equity shares will be made in dematerialised form only, in accordance with Regulation 77A of the SEBI ICDR Regulations.

Renunciation of Rights Entitlements

Investors may renounce their rights entitlements, either in full or in part, through two routes:

• On-Market Renunciation: Rights entitlements may be traded on the secondary market platform of BSE during the renunciation period from August 10, 2026 to August 28, 2026 (both days inclusive), under ISIN INE417F20017, on a T+1 rolling settlement basis.
• Off-Market Renunciation: Rights entitlements may be transferred through a depository participant via a delivery instruction slip, quoting ISIN INE417F20017, on or prior to the issue closing date.

Investors who purchase rights entitlements through either route must submit an application for subscribing to the rights equity shares on or before the issue closing date. Rights entitlements for which no application is made will lapse and be extinguished after the issue closing date.

Listing, Availability of Issue Materials, and Company Background

The rights equity shares, upon allotment, are proposed to be listed and admitted for trading on BSE, subject to necessary approvals. The company has received in-principle approval from BSE dated June 24, 2026. The existing equity shares of the company are listed on BSE.

SI Capital & Financial Services Limited was originally incorporated on November 8, 1994, as a public limited company under the Companies Act, 1956. On March 05, 1998, the RBI granted the company a certificate of registration as a non-deposit accepting non-banking financial company under Section 45IA of the Reserve Bank of India Act, 1934. The company's registered office is located at No. 28, Second Floor, New Scheme Road, Pollachi, Coimbatore, Tamil Nadu – 642001, and its corporate office is in Thrissur, Kerala.

The Letter of Offer, application form, and other issue materials are available on the websites of the company ( www.sicapital.co.in ), the registrar ( www.in.mpmf.muft.com / www.in.mpms.mufg.com ), and BSE ( www.bseindia.com ). Investors with queries may contact the registrar, MUFG Intime India Private Limited, at +91 81081 14949 or at sicapfin.rights2026@in.mpms.mufg.com .