Supra Pacific Financial Services Limited shareholders approved a significant increase in borrowing powers during the company’s 40th Annual General Meeting (AGM). The resolution allows the firm to raise borrowing up to ₹1,500 crore under Section 180(1)(c) of the Companies Act, 2013.

The meeting, conducted via Video Conference/Other Audio Visual Means (OAVM), also saw the approval for the issuance of Non-Convertible Debentures (NCDs) through private placement and authority to issue unsecured subordinated debts. Voting results were formally declared on September 23, 2026, pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015.

Key Resolutions Passed

Shareholders transacted both ordinary and special business items. The ordinary business included adopting the audited standalone financial statements for FY26 and reappointing director Manoj Karumathil, who retired by rotation.

The special business resolutions focused on capital structure flexibility:

• Issuance of NCDs via private placement.
• Authority to issue unsecured subordinated debts.
• Increasing borrowing powers to ₹1,500 crore.

Voting Results and Participation

The company facilitated e-voting through the CDSL platform from September 18 to September 20, 2026. The record date for determining entitled shareholders was September 14, 2026. A total of 5,018 shareholders were on the record date. Eighty-eight members attended the meeting virtually (2 promoters and 86 public shareholders).

The final voting results indicate overwhelming support for all proposed resolutions:

Promoter and promoter group voted in favour of all resolutions with 100% support. Public non-institutional investors provided the bulk of dissenting votes, particularly against the director reappointment (0.70% of public votes polled).

Attendance and Proceedings

The AGM commenced at 11:00 am and concluded at 11:27 am on September 21, 2026. Joby George, Chairman and Managing Director, chaired the session. Key management personnel including CEO Manoj Ravi, CFO Rajeev M.R, and Company Secretary Leena Yezhuvath also attended.

Directors in Attendance

DV & Associates served as scrutinizers, while G Joseph and Associates acted as statutory auditors.

Regulatory Disclosure

The proceedings were disclosed pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results were submitted to BSE Limited on September 23, 2026, along with the scrutinizer's report.

Supra Pacific Financial Services has approved the issuance of secured, unrated non-convertible debentures (NCDs) worth ₹50 crore through private placement. The Board of Directors finalized the deal during its meeting held on September 17, 2026, setting the interest rate at 12% for a tenure of two years.

The meeting, which commenced at 10:30 am and concluded at 12:00 pm at the company’s registered office in Ernakulam, Kerala, also reviewed business operations and prospects. The agenda included confirming minutes from the previous board meeting held on August 12, 2026.

Capital Raise Details

The proposed debt issuance involves secured, unrated, unlisted NCDs. The company intends to raise funds via private placement with a minimum subscription requirement of ₹1 crore per investor. The security for the instruments is created over the current assets of the company. There are no special rights or privileges attached to the instrument.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto and SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Leena Yezhuvath, Company Secretary, signed the disclosure dated September 17, 2026.