Sunshine Capital Limited approved its financial statements for FY26 and proposed a 1:10 share consolidation during its board meeting on August 27, 2026. The company also appointed Mr. Pramod Kumar Jha as Chief Financial Officer, effective immediately.

The Board of Directors concluded its meeting in New Delhi after reviewing key corporate governance matters. The proposals require shareholder approval at the 32nd Annual General Meeting scheduled for September 22, 2026.

Share Consolidation Proposal

The board recommended consolidating existing equity shares with a face value of ₹1 each into shares with a face value of ₹10 each. This change requires ratification by members at the upcoming AGM, along with necessary statutory and regulatory approvals. The company also proposed consequential alterations to the capital clause of its Memorandum of Association to reflect the new share structure.

Leadership Changes

Mr. Pramod Kumar Jha was appointed as the Chief Financial Officer w.e.f. August 27, 2026. His appointment follows the resignation of Ms. Sangeeta, who stepped down from the role on June 12, 2026. The new CFO’s term is subject to shareholder approval at the ensuing AGM. According to the brief profile provided, Mr. Jha brings experience in accounts and general administrative matters.

AGM Details

The 32nd Annual General Meeting will be held via Video Conferencing or Other Audio Visual Means on September 22, 2026, at 4:00 pm. The cut-off date for determining voting eligibility is fixed as September 15, 2026.

The board appointed M/s Parul Agrawal & Associates as the scrutinizer for the e-voting process. Additionally, the board recommended the ratification of the firm’s appointment as Secretarial Auditor, pending shareholder approval.

What the Numbers Show

The filing confirms the finalization of FY26 accounts but does not disclose specific financial metrics such as revenue or profit in this regulatory communication. The simultaneous share consolidation and leadership transition suggests a focus on corporate restructuring alongside routine annual compliance.

Sunshine Capital Limited has scheduled its 32nd Annual General Meeting for September 22, 2026, to approve the consolidation of its equity share capital. The meeting will be held via video conferencing.

The company proposes consolidating every ten existing equity shares of face value ₹1 each into one equity share of face value ₹10 each. This structural change aims to rationalize the number of equity shares and facilitate efficient management of share capital and administrative matters.

Capital Restructuring Details

The consolidation will not alter the aggregate amount of the paid-up equity share capital of the company. Shareholders' proportionate ownership and rights will remain unchanged, subject to the treatment of fractional entitlements if applicable. The move requires consequential alterations to the Capital Clause of the Memorandum of Association.

Governance and Audits

Ms Priti Jain, Director (DIN: 00537234), retires by rotation and offers herself for re-appointment. She holds 21,897,600 shares in the company and possesses expertise in the financial sector. Ms Jain also serves on the boards of Sital Leasing and Finance Ltd.

The board recommends appointing M/s Parul Agrawal & Associates as the Secretarial Auditor for a four-year term covering financial years 2026-27 to 2029-30. The appointment follows recommendations from the Audit Committee and complies with Section 204 of the Companies Act, 2013.

Voting and Logistics

Remote e-voting commences on August 19, 2026, at 9:00 am and concludes on August 21, 2026, at 5:00 pm. The record date for voting rights is September 15, 2026. The register of members and share transfer book remains closed from September 16, 2026, to September 22, 2026.

Members can participate in the virtual meeting on a first-come, first-served basis for up to 1,000 participants. Large shareholders holding 2% or more, promoters, and institutional investors are exempt from this restriction.