Smart Finsec Limited held its 31st Annual General Meeting on September 21, 2026. The meeting, conducted via video conferencing, saw shareholders approve the adoption of the company's audited standalone financial statements for the fiscal year ended March 31, 2026.

The board also secured shareholder approval for special business items, including an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Additionally, members approved the creation of charges or providing security pursuant to Section 180(1)(a) of the same act.

Meeting Proceedings

Mr. Sachit Khera, Chairman of the Meeting, presided over the proceedings. The deemed venue was the company's registered office in New Delhi. Key attendees included Mr. Arun Khera, Managing Director; Mr. Vishesh Chaturvedi, Independent Director; Ms. Parul Pathak, Independent Director; and Mr. Jayant Kumar, Chief Financial Officer.

Ms. Vimmi Sachdev, Independent Director, was absent due to personal reasons. However, she retires by rotation and offered herself for re-appointment, a resolution that was part of the ordinary business agenda.

Governance and Auditors

A total of 73 members attended the meeting. The session commenced at 11:40 am and concluded at 12:28 pm, excluding time allocated for e-voting.

Mr. Ashwani Mohan, Partner at A. Mohan & Co., Chartered Accountants, served as the Statutory Auditor. Mr. Pawan Kumar Mishra, Proprietor of PK Mishra and Associates, acted as the Secretarial Auditor and Scrutinizer for the remote e-voting process. Members were provided the facility to cast votes via e-voting during the meeting and for 15 minutes post-conclusion.

Smart Finsec has scheduled its 31st Annual General Meeting for September 21, 2026, to seek shareholder approval for a borrowing limit of up to ₹100 crore and the reappointment of a retiring director. The company also filed its annual report for FY26, disclosing a net profit decline to ₹97.67 lakh.

The Board of Directors approved these resolutions during its meeting on August 25, 2026. The company will hold the AGM via Video Conferencing or Other Audio-Visual Means, in accordance with Ministry of Corporate Affairs circulars. The proceedings will be deemed conducted at the registered office in New Delhi.

Key Resolutions and Dates

The board fixed Monday, September 14, 2026, as the cut-off date for determining members eligible for remote e-voting and voting at the AGM. The register of members and share transfer books will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026, inclusive.

Remote e-voting will be available from Friday, September 18, 2026, at 9:00 am to Sunday, September 20, 2026, at 5:00 pm. Members who have cast their vote by remote e-voting prior to the AGM may also attend but shall not be entitled to cast their vote again.

FY26 Financial Performance

Smart Finsec reported a total income of ₹196.73 lakh for FY26, down from ₹236.77 lakh in FY25. The decline was primarily attributable to lower income from F&O/Jobbing activities and lower income from the sale of shares. Profit after tax fell to ₹97.67 lakh from ₹117.39 lakh in the previous year.

Interest income rose to ₹85.02 lakh from ₹77.18 lakh, driven by higher interest on margin deposits (₹84.05 lakh vs ₹73.95 lakh). However, profit from F&O/Jobbing activities dropped significantly to ₹67.74 lakh from ₹96.38 lakh.

Corporate Actions

The board approved the notice for the 31st AGM concerning the financial year ended March 31, 2026. This includes the Directors' Report and the Management Discussion and Analysis Report along with annexures.

Mr. Pawan Kumar Mishra, Company Secretary in Practice, was appointed as the Scrutinizer to oversee the remote e-voting process. National Securities Depository Limited (NSDL) is authorized to conduct the AGM through video conferencing to ensure a fair and transparent process.

Special Business: Borrowing Powers

Shareholders will be asked to approve an increase in borrowing limits pursuant to Section 180(1)(c) of the Companies Act, 2013. The resolution seeks consent for the Board to borrow monies such that total borrowings do not exceed ₹100 crore at any point in time. This amount may exceed the aggregate of paid-up share capital, free reserves, and securities premium.

Additionally, under Section 180(1)(a), shareholders will vote on the creation of charges or security on movable and immovable properties to secure these borrowings, up to a sum of ₹100 crore.

Director Reappointment

Ms. Vimmi Sachdev (DIN: 01712051), who retires by rotation, offers herself for reappointment as a director. She holds an MBA and BA (History Hons.) and has over eight years of experience in marketing. She attended all eight board meetings in FY25-26.