Sumedha Fiscal Services Limited has fixed Thursday, August 13, 2026, as the record date to determine members eligible for a final dividend of Re 1 per share for the financial year 2025-26. The Board of Directors recommended the dividend at its meeting held on May 24, 2026, subject to the approval of shareholders at the upcoming Annual General Meeting. If approved, the dividend will be paid within 30 days from the date of the AGM, after deduction of tax at source as applicable.

The 37th Annual General Meeting of the company is scheduled to be held on Thursday, August 20, 2026, at 11:00 AM IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) without a physical presence at a common venue, in compliance with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, SEBI Listing Regulations, and Secretarial Standard on General Meetings. The deemed venue for the meeting will be the Registered Office of the company.

Meeting Participation and E-voting

Members can attend and participate in the AGM exclusively through VC/OAVM. Those attending via this mode will be counted for the purposes of quorum under Section 103 of the Companies Act, 2013. The company has fixed August 13, 2026, as the cut-off date for determining members eligible to vote or attend the AGM. Remote e-voting will commence at 09:00 AM on Monday, August 17, 2026, and end at 5:00 PM on Wednesday, August 19, 2026. Members holding shares as on the cut-off date may cast their votes electronically during this period.

Documentation and Availability

Pursuant to Regulation 36 of the Listing Regulations, the Notice of the AGM along with the Annual Report for Financial Year 2025-26 will be sent electronically to members whose email addresses are registered with the company or its Registrar and Share Transfer Agent. A letter providing the web-link for accessing the Annual Report will be sent to shareholders who have not registered their email addresses. The documents are also available on the company's website.

Key AGM Details

Dividend Payment and Taxation

The company has mandated that dividend payments to security holders holding shares in physical mode will be made only through electronic mode. Shareholders with physical folios must furnish KYC details, including PAN, nomination details, contact information, mobile number, bank account details, and specimen signature to the company or the Registrar & Share Transfer Agent to receive payments. In accordance with the Income Tax Act, the dividend is taxable in the hands of members.

Sumedha Fiscal Services Ltd. has withdrawn its proposed preferential issue of 4,00,000 equity shares and 2,50,000 convertible warrants, citing volatile market conditions and the unwillingness of the proposed investor to proceed. The Board of Directors decided to cancel the capital raise, which was initially valued at ₹2,66,82,500, due to fluctuations in the market price of the company's equity shares. Consequently, the Extra-Ordinary General Meeting (EGM) scheduled for June 11, 2026, to seek shareholder approval has been cancelled.

The company stated that the approval to create, offer, issue, and allot equity shares and convertible warrants on a preferential basis was the only business to be transacted at the EGM. Following the withdrawal, the remote e-voting process, scheduled to commence on June 08, 2026, and conclude on June 10, 2026, has also been withdrawn. The company has published notices in the Financial Express and Aajkaal, both dated June 08, 2026, to intimate shareholders about the cancellation.

Proposed Allocation Details

The preferential issue was intended to raise funds for augmenting the capital base and general corporate purposes. The company had allocated ₹2,00,11,875 to strengthen net worth and maintain working capital liquidity, while ₹66,70,625 was earmarked for general corporate purposes. The issue price was determined at ₹41.05 per share and warrant, inclusive of a premium of ₹31.05, based on a valuation report from an independent registered valuer.

The company confirmed that it will not proceed with the issue and allotment of the equity shares and convertible warrants as previously contemplated. The Board expressed regret for the inconvenience caused to the members of the company on account of the cancellation.