SRG Fingrow Finance Limited shareholders unanimously approved the adoption of audited financial statements for FY26 and the re-appointment of Managing Director Vinod K. Jain during its 31st Annual General Meeting held on September 30, 2026.

The company filed the scrutinizer’s report with BSE on October 1, 2026, confirming that both ordinary resolutions passed with requisite majority. The meeting was conducted through remote e-voting and poll mechanisms in compliance with SEBI Listing Regulations.

Voting Results Breakdown

The scrutinizer’s report details the consolidated voting outcomes for the two agenda items. For the adoption of financial statements, a total of 642,250 votes were cast, all in favor. For the re-appointment of Vinod K. Jain, who retires by rotation under Section 152(6) of the Companies Act, 2013, 75,500 votes were polled, also unanimously in favor.

Shareholder Participation

Participation levels varied significantly between the two resolutions. While 12 members voted on the financial statements, only 11 members participated in the vote regarding the director’s re-appointment. The promoter group held 3,709,400 shares, while public non-institutional holders owned 1,666,000 shares out of the total outstanding equity.

Notably, for the director re-appointment resolution, the promoter group cast zero votes via e-voting, whereas they voted in favor of the financial statements adoption. The entire vote count for the director resolution came from public non-institutional shareholders.

What the Numbers Show

A distinct divergence exists in shareholder engagement across the two resolutions. The total votes cast for adopting financial statements (642,250) were nearly 8.5 times higher than those cast for the director re-appointment (75,500). This disparity suggests that while a broader segment of the shareholder base engaged with the financial reporting aspect, participation narrowed significantly for governance-related appointments, despite both resolutions passing unanimously.

SRG Fingrow Finance announced its 31st Annual General Meeting will convene on September 30, 2026, in Udaipur, Rajasthan. The gathering coincides with the release of the company’s annual report for the fiscal year ended March 31, 2026.

The Udaipur-based non-banking financial company reported a significant contraction in profitability for FY26. Net profit after tax fell 38.6% year-on-year to ₹21.39 lakh, down from ₹34.83 lakh in the previous fiscal. This decline followed a 7.55% drop in total revenue, which stood at ₹120.48 lakh compared to ₹130.32 lakh in FY25.

Financial Performance

The NBFC’s operational metrics reflected pressure on margins and efficiency during the period under review. Key financial indicators highlight the shift in performance dynamics between the two fiscal years.

Revenue from operations, primarily interest income from advances, declined to ₹117.97 lakh from ₹130.28 lakh. While other income saw a marginal uptick to ₹2.51 lakh, it was insufficient to offset the core revenue contraction. The company’s loan portfolio also contracted by 6.26% to ₹732.93 lakh, reflecting a cautious approach to new disbursements amid regulatory scrutiny in the sector.

What the Numbers Show

A critical divergence emerged between the company’s cost management and its revenue generation capabilities. Despite a 24.73% surge in the cost-to-income ratio to 76.87%, the company did not expand its lending book. Employee benefit expenses rose 6.85% to ₹60.05 lakh, while other expenses jumped nearly 40% to ₹30.50 lakh. This indicates that operating leverage turned negative; fixed costs remained sticky or grew even as the asset base shrank, directly compressing the net interest margin by 166 basis points.

Capital Position and Governance

The company maintained a robust capital adequacy ratio of 125%, up from 119.22% in the prior year, ensuring compliance with Reserve Bank of India prudential norms. With no outstanding borrowings from banks or financial institutions as of March 31, 2026, SRG Fingrow Finance operates with a zero-debt balance sheet structure regarding external funding.

The Board decided against declaring any dividend for the year, opting instead to retain earnings to bolster growth and shareholder wealth. Managing Director Vinod K. Jain retires by rotation and offers himself for re-appointment at the upcoming meeting. Shareholders can cast their votes via remote e-voting between September 27 and September 29, 2026.