Typhoon Financial Services Limited has issued a postal ballot notice dated October 12, 2026, seeking shareholder approval for significant corporate actions, including an increase in authorised share capital and enhanced borrowing powers.

The company proposes to raise its authorised share capital from ₹3.25 crore to ₹5.55 crore. This increase will be effected by creating 23 lakh new equity shares of face value ₹10 each, ranking pari passu with existing shares. The move is intended to meet the business expansion and growth requirements of the NBFC.

Key Resolutions Proposed

The board has recommended five resolutions for approval through e-voting:

• Alteration of Objects Clause: Restatement of Clause III(A) of the Memorandum of Association (MoA) to clearly define lending and investment activities under the RBI scale-based regulatory framework.
• Increase in Authorised Share Capital: Raising the limit from ₹3.25 crore to ₹5.55 crore via an ordinary resolution.
• Adoption of New MoA: Replacing the existing MoA framed under the Companies Act, 1956, with a new set conforming to the Companies Act, 2013.
• Adoption of New AoA: Replacing the existing Articles of Association with a new set aligned with Table F of Schedule I to the Companies Act, 2013.
• Increase in Borrowing Powers: Authorising the board to borrow up to ₹100 crore outstanding at any time, notwithstanding the aggregate of paid-up capital, free reserves, and securities premium.

Voting Schedule and Eligibility

The remote e-voting facility is facilitated by National Securities Depository Limited (NSDL). Members holding shares as on the record date are eligible to vote.

What the Numbers Show

The proposed borrowing limit of ₹100 crore represents a substantial multiple of the company's current authorised capital base of ₹5.55 crore. This disparity highlights the company's reliance on debt financing to fuel its lending operations as an NBFC-ICC, rather than equity infusion alone. The simultaneous request for increased borrowing powers and capital enhancement suggests a strategic preparation for scaling up its loan book and asset financing activities.

Typhoon Financial Services Limited confirmed the elevation of Rishab Chhajer as Managing Director for a five-year term during its 36th Annual General Meeting held on September 23, 2026. The approval ratifies the Board’s earlier decision, ensuring leadership continuity for the NBFC.

The meeting adopted the audited financial statements for the financial year ended March 31, 2026. Shareholders passed a special resolution confirming Chhajer’s appointment effective from January 16, 2026. This action complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key resolutions passed

Shareholders approved several key items through ordinary and special resolutions. The adoption of the Board of Directors' report and auditor's report for FY26 was passed as an ordinary resolution. Additionally, the company appointed M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for a five-year term covering financial years 2026-27 to 2030-31.

The following table summarizes the primary resolutions transacted at the meeting:

Leadership continuity and governance

A significant governance update involved the elevation of Rishab Chhajer as Managing Director for a period of five years, effective from January 16, 2026, to January 15, 2031. This was approved via a special resolution. Chhajer was also re-appointed as a director liable to retire by rotation through an ordinary resolution.

The Board was granted authority to advance loans, give guarantees, or provide security pursuant to Section 185 of the Companies Act, 2013. This authority was approved by shareholders through a special resolution, ensuring the Board retains flexibility in capital allocation and credit support mechanisms within statutory limits.

Director profile and disclosures

Rishab Chhajer holds a Bachelor of Industrial Engineering and has experience in industrial engineering, business administration, sales, marketing, and administration. He is not debarred from holding the office of director by any SEBI order. His shareholding in the company is nil. Ms. Sushma A. Chhajer and Mr. Rishab A. Chhajer are related to each other.

Voting and compliance details

Remote e-voting facilities were provided to members from September 20, 2026, to September 22, 2026. Members attending the AGM who had not voted remotely exercised their rights via e-voting during the meeting. Kashyap R. Mehta and Yash K. Mehta of Kashyap R. Mehta & Partners served as Scrutinizers. Based on the Scrutinizer's Report dated September 23, 2026, all five resolutions contained in the Notice dated July 29, 2026, were duly passed. The detailed voting results under Regulation 44(3) of SEBI LODR Regulations will be submitted separately.