Si Capital & Financial Services shareholders approved all five resolutions at its 32nd Annual General Meeting held on September 18, 2026. The key outcomes include the authorization to issue Non-Convertible Debentures (NCDs) via private placement and a revision in the remuneration of the Managing Director.

The meeting, chaired by Mr Vinod Manazhy, was conducted via video conferencing. Twenty-seven members attended the session, which began at 11:30 am and concluded at 11:48 am. The quorum was present throughout, allowing the board to proceed with the agenda items as per SEBI Listing Regulations and MCA circulars.

Resolutions Passed

Shareholders passed three ordinary resolutions related to routine annual business and two special resolutions concerning capital structure and management compensation. All resolutions received unanimous support from voting shareholders.

The adoption of the audited financial statements for the fiscal year ended March 31, 2026, was passed as an ordinary resolution. Directors Mr T.B. Ramakrishnan (DIN: 01601072) and Ms Jitha Chummar (DIN: 02582004) were reappointed by rotation.

Capital and Management Changes

The most significant corporate actions involved a special resolution to revise the remuneration of Mr Anto Mekkattukulam Jayson (DIN: 10528274), the Managing Director, with effect from April 1, 2026. Additionally, shareholders approved the issuance of Non-Convertible Debentures through private placement. This move signals the company's intent to raise debt capital for future operations or expansion.

Voting Results

Remote e-voting was conducted from September 15, 2026, at 9:00 am until September 17, 2026, at 5:00 pm. Members holding shares as on the cut-off date of September 11, 2026, were entitled to vote. A total of 2,469 shareholders were on record.

For the ordinary resolutions (Items 1-3), 7,763,380 votes were cast in favor out of 7,763,380 votes polled, representing 100% assent. No votes were cast against these items.

For the special resolution regarding the MD's remuneration (Item 4), 6,138,380 votes were cast in favor out of 6,138,380 valid votes polled. The scrutinizer noted that 1,625,000 votes cast by an interested shareholder were declared invalid, ensuring compliance with regulatory norms regarding interested directors.

For the NCD issuance resolution (Item 5), 7,763,380 votes were cast in favor out of 7,763,380 votes polled, representing 100% assent.

M/s K Sreekrishnakumar & Co served as the scrutinizer for the voting process. The voting results have been communicated to stock exchanges.

Si Capital & Financial Services Limited has scheduled its 32nd Annual General Meeting (AGM) for September 18, 2026. The meeting will seek shareholder approval for a ₹10 crore non-convertible debenture (NCD) issuance and a revision in the Managing Director’s remuneration.

The meeting is set to commence at 11:30 am via video conferencing or other audio-visual means (OAVM). The board also proposed the re-appointment of two directors retiring by rotation: Mr. T.B. Ramakrishnan and Ms. Jitha Chummar.

Corporate Actions

The notice for the AGM, issued on August 25, 2026, outlines the ordinary and special business to be transacted. Shareholders holding shares as on the record date of September 11, 2026, are eligible to vote. Remote e-voting will be available from September 15 to September 17, 2026.

Key resolutions include:

• Adoption of the Audited Standalone Financial Statements for FY26.
• Re-appointment of Mr. T.B. Ramakrishnan (DIN: 01601072) and Ms. Jitha Chummar (DIN: 02582004) as Non-Executive, Non-Independent Directors liable to retire by rotation.
• Approval of the MD’s revised remuneration package effective April 1, 2026.
• Authorization for the issuance of secured/unlisted NCDs via private placement up to ₹10 crore over one year.

Remuneration Revision

The Nomination and Remuneration Committee recommended increasing the fixed monthly salary of Managing Director Anto Jayson Mekkattukulam from ₹75,000 to ₹1,25,000. The performance-linked commission remains at 15% of profit before tax, but the threshold for calculation rises from ₹60 lakh to ₹70 lakh. This change applies to profits exceeding the new baseline.

What the Numbers Show

The remuneration structure shift increases fixed costs while raising the hurdle for variable pay. By lifting the profit threshold from ₹60 lakh to ₹70 lakh, the company delays the trigger for additional executive compensation until higher absolute profitability is achieved. This balances the higher monthly salary against stricter performance metrics for bonus eligibility.