Ushakiran Finance adopts FY26 financials, reappoints T.R. Sekhar
- Ushakiran Finance adopted FY26 audited financial statements and reports
- T.R. Sekhar reappointed as Non-Executive, Non-Independent Director
- Both ordinary resolutions passed with 99.99% votes in favour
- Total votes polled stood at 1,397,498 out of 2,544,500 outstanding shares
*this image is generated using AI for illustrative purposes only.
Ushakiran Finance Limited held its 40th Annual General Meeting on September 29, 2026, via video conferencing and other audio-visual means. The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the reappointment of a key director.
The proceedings were conducted in compliance with Ministry of Corporate Affairs and SEBI circulars, with live streaming available on the CDSL platform. Twenty-one members attended the virtual meeting, including six from the promoter and promoter group. The session commenced at 1:00 pm and concluded at 1:21 pm.
Key Resolutions Passed
The Chairman, T. Adinarayana, presided over the meeting after ascertaining the requisite quorum. The following ordinary business items were transacted:
- Adoption of Financial Statements: Members approved and adopted the audited financial statements as at March 31, 2026, along with the reports of the Board of Directors and Auditors.
- Director Reappointment: Sri. T.R. Sekhar (DIN: 02943146), who retired by rotation, was reappointed as a Non-Executive and Non-Independent Director.
Meeting Proceedings and Voting
The Statutory Auditor's Report and Secretarial Auditor's Report were noted to contain no qualifications on the financial statements. E-voting facilities were enabled for all resolutions, with the remote e-voting period running from September 26 to September 28, 2026. Members who did not vote during this period were permitted to vote electronically during the meeting itself for up to 15 minutes after the conclusion of discussions.
The Chairman addressed queries raised by shareholders, including those submitted via email by Mr. J. Abhishek. Results of the e-voting are scheduled to be announced within 48 hours of the meeting's conclusion through the company website and BSE filings.
E-Voting Results and Scrutinizer Report
CA N. Mallikarjuna Rao of M/s Mallikarjun Rao and Associates served as the scrutinizer for the remote e-voting and e-voting during the AGM. The consolidated report confirmed that both ordinary resolutions were passed with requisite majority. The total number of shareholders on the record date was 2,674.
For Resolution 1 (Adoption of Financial Statements) and Resolution 2 (Reappointment of Director), the voting pattern was identical:
| Category | Votes Polled | Votes in Favour | Votes Against | % In Favour |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,191,535 | 1,191,535 | 0 | 100% |
| Public - Institutions | 0 | 0 | 0 | 0% |
| Public - Non Institutions | 205,963 | 205,947 | 16 | 99.99% |
| Total | 1,397,498 | 1,397,482 | 16 | 99.99% |
The scrutinizer noted that no invalid votes were cast across any category. The electronic voting data was unblocked on September 29, 2026, at 1:45 pm in the presence of two witnesses, Mr. S. Ramesh and Mr. K. Anjilaiah.
Historical Stock Returns for Ushakiran Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -10.24% | -18.37% | -53.65% | -46.73% | +186.52% |
How will the adoption of the FY2026 financial statements impact Ushakiran Finance's credit rating outlook and borrowing costs in the upcoming fiscal year?
What strategic initiatives has the Board outlined to address the low institutional investor participation evident in the recent AGM voting patterns?
Will the reappointment of Sri. T.R. Sekhar signal a continuation of the current conservative lending strategy or indicate a shift toward higher-risk asset acquisition?
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