Tourism Finance Corporation of India shareholders approved all six resolutions at its 37th Annual General Meeting held on August 21, 2026. The vote included adoption of FY26 financial statements and the appointment of Anoop Bali as Managing Director.

The meeting, conducted via video conferencing, saw participation from 83 members. Remote e-voting ran from August 18 to August 20, 2026. Arun Kumar Gupta served as the scrutinizer for the process.

Voting Participation

Total paid-up equity share capital stood at ₹92.59 crore (462,977,240 shares) as on the record date of August 14, 2026. There were 80,052 shareholders on record.

Promoter and Promoter Group holdings were 17,804,860 shares. Public Institutions held 43,641,022 shares, while Public Non-Institutions held 401,531,358 shares.

Resolution Outcomes

All resolutions passed with significant majority support. Promoters voted 100% in favour across all items. Public Institutions also showed strong support, though some dissent emerged on the MD appointment.

Key Observations

The appointment of Anoop Bali as Managing Director faced the most resistance, with 701,270 votes cast against it. This dissent came primarily from Public Institutions, which voted 700,000 shares against the resolution, resulting in a 96.64% approval rate within that category. However, the resolution still passed overall with 99.49% support.

Promoter and Promoter Group consistently voted 100% in favour of all resolutions, casting approximately 13.5 million votes each time. Public Non-Institutions also showed near-unanimous support across all agenda items.

Tourism Finance Corporation of India has fixed Friday, August 14, 2026, as the record date to determine member entitlement to the dividend for FY2025-26. This date serves as the critical cut-off for shareholders seeking eligibility for the payout, which remains subject to formal declaration at the company’s upcoming Annual General Meeting (AGM). Investors holding equity must maintain their positions through this date to secure dividend rights, providing clarity on the distribution timeline ahead of final board approval.

The company will convene its 37th AGM on Friday, August 21, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM), adhering to regulatory guidelines. During this session, shareholders will vote on business items, including the recommendation by the Board of Directors to declare the dividend. Sanjay Ahuja, Company Secretary, signed the intimation on July 29, 2026, pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015.

To facilitate participation, Tourism Finance Corporation of India has arranged remote e-voting and venue e-voting facilities in accordance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management & Administration) Rules, 2014. Central Depository Services (India) Limited (CDSL) will provide the e-voting services. The remote voting window opens on August 18, 2026, at 9:00 a.m. (IST) and closes on August 20, 2026, at 5:00 p.m. (IST).

Shareholders must hold their shares as of the cut-off date of Friday, August 14, 2026, to be eligible to cast electronic votes at the AGM. This dual purpose of the date—serving as both the record date for dividend entitlement and the eligibility cut-off for voting—highlights its importance for investors. Those looking to participate in the governance process must ensure their holdings are registered before this deadline.

Key Dates for Shareholders

The communication ensures timely disclosure to stock exchanges, allowing investors to plan their holdings accordingly. No other material changes were reported in the filing.