Tata Capital has fixed Monday, July 27, 2026, as the record date to determine the entitlement of members eligible to receive the final dividend for the financial year ended March 31, 2026. The Board of Directors recommended a dividend of Re. 0.57 per Equity Share of face value of ₹10 each, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The dividend will be paid on or after August 24, 2026, after deduction of tax at source as applicable. This decision was taken by the Board during its meeting held on April 23, 2026.

The Board approved the convening of the 35th AGM on Wednesday, August 19, 2026, at 11.00 a.m. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, in compliance with guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). Members can attend and participate in the AGM through the VC / OAVM facility only, and no provision has been made to attend the meeting in person.

Auditor Appointment

Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. T. P. Ostwal & Associates LLP, Chartered Accountants, as one of the Joint Statutory Auditors of the company. The appointment is for a period of three consecutive years, covering FY 2026-27, FY 2027-28, and FY 2028-29. The firm will hold office from the conclusion of the 35th AGM until the conclusion of the 38th AGM, subject to shareholder approval.

This appointment follows the conclusion of the tenure of the existing Joint Statutory Auditor, M/s. MSKA & Associates LLP, at the ensuing 35th AGM. The change is in accordance with RBI Circular No. RBI/2021-22/25 Ref. No. DoS.CO.ARG/SEC.01/08.91.001/2021-22 dated April 27, 2021, regarding guidelines for the appointment of statutory auditors for NBFCs.

Auditor Details

M/s. T. P. Ostwal & Associates LLP is a Mumbai-based firm established in 2003 with an employee base of over 89 personnel. The firm provides services including statutory audit, tax consultancy, management consultancy, and goods and services tax matters.

Tata Capital has agreed to acquire an 88.6% stake in Yogakshemam Loans Limited for an aggregate consideration of approximately ₹93 crore, marking its strategic entry into the gold loans market. The acquisition, approved by the Board on July 13, 2026, will be executed through a Securities Subscription and Purchase Agreement (SSPA) involving the purchase of equity shares from existing sellers and a subscription to fresh equity shares. This move allows Tata Capital to diversify its retail lending portfolio by leveraging an established gold loan platform with a proven operational track record.

Transaction Details

The transaction is structured as an all-cash deal, subject to a pre-money equity valuation of the target not exceeding ₹318 crore. Upon completion, Yogakshemam Loans Limited will become a subsidiary of Tata Capital. The acquisition is contingent upon satisfaction of customary conditions, including receipt of prior approval from the Reserve Bank of India. The company expects the transaction to be completed within eight months from the execution of the SSPA.

Strategic Rationale

The acquisition aligns with Tata Capital's strategy of expanding and diversifying its retail lending portfolio in India. By entering the secured lending segment, the company gains access to a product characterized by strong growth potential and attractive risk-adjusted returns. The target entity provides an immediate operating platform with a branch network across Kerala, Karnataka, Tamil Nadu, and Andhra Pradesh, eliminating the need to build capabilities from scratch.

Financial Overview of Target

Yogakshemam Loans Limited is an unlisted non-banking financial company primarily engaged in the gold loan business. For the financial year 2025-26, the entity reported a turnover of ₹14,038.53 Lakhs and a profit after tax of ₹1,421.20 Lakhs. As of March 31, 2026, it held assets under management of approximately ₹708 crore.

The target operates as a 'Base Layer' NBFC and is led by an experienced management team, including Mr. Unnikrishnan Idicharm Veetil, who will continue to lead the business post-acquisition to ensure operational continuity.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE976I01016/1791d648-50cd-4f24-a071-5abe2069b090.pdf