Anjani Finance Limited has announced significant changes to its board composition and auditor appointments in its notice for the 36th Annual General Meeting (AGM) scheduled for September 30, 2025.

Board Composition Changes

The company has proposed a change in the designation of Mr. Sanjay Kumar Agarwal (DIN: 00023611) from Managing Director to Non-Executive Promoter Director, effective August 5, 2025. This move aims to leverage Mr. Agarwal's vast experience and knowledge in a strategic capacity while allowing for new leadership in day-to-day operations.

Simultaneously, Mrs. Kalpana Jain (DIN: 02665393) has been appointed as the new Managing Director of the company for a period of three consecutive years, from August 5, 2025, to August 4, 2028. Mrs. Jain brings extensive experience in the field of purchase and has been associated with the company in various capacities.

New Statutory Auditors

Anjani Finance has proposed the appointment of M/s SAP Jain and Associates & Co., Chartered Accountants (ICAI FRN 019356C) as the new Statutory Auditors of the company. They will replace the existing auditors, M/s Mahendra Badjatiya & Co., Chartered Accountants. The new auditors are set to hold office for a first term of five consecutive years, from the conclusion of the 36th AGM until the 41st AGM to be held in 2030.

Secretarial Auditors

The company has also announced the appointment of SMR & Associates, Company Secretaries, as the Secretarial Auditors for a term of five consecutive years. This appointment spans from the Financial Year 2025-26 through the Financial Year 2029-30.

AGM Details

The 36th Annual General Meeting of Anjani Finance Limited is scheduled to be held on Tuesday, September 30, 2025, at 3:00 PM through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company has notified the closure of the Register of Members and Share Transfer Books from September 24, 2025, to September 30, 2025 (both days inclusive) for the AGM.

These changes reflect Anjani Finance's commitment to strengthening its governance framework and adapting to evolving business needs. Shareholders will have the opportunity to vote on these proposals during the upcoming AGM.

Anjani Finance Limited has reported a significant downturn in its financial performance for the quarter ended June 30, as the company navigates through a major business restructuring phase.

Financial Highlights

• Net Loss: ₹1.45 lakhs vs. Net Profit of ₹5.74 lakhs year-over-year
• Revenue: ₹13.22 lakhs, down 60.9% from ₹33.83 lakhs year-over-year
• Segment Performance: Finance segment revenue at ₹13.22 lakhs with a loss of ₹1.45 lakhs

Business Restructuring

Anjani Finance has undergone a significant change in its business model, having sold its wind energy segment in the previous financial year. The company now operates solely in the financing segment, which has impacted its revenue streams and profitability.

Segment-wise Performance

The finance segment, now the company's sole operating segment, generated revenue of ₹13.22 lakhs but incurred a loss of ₹1.45 lakhs. This marks a significant decline from the previous year when the segment reported a profit of ₹6.62 lakhs.

Capital Employed

As of the end of the quarter, the total capital employed by Anjani Finance stands at ₹1,514.15 lakhs, entirely allocated to the finance segment following the divestment of the wind energy business.

Management Statement

The company's management has certified that the financial statements present a true and fair view of Anjani Finance's affairs. They have also confirmed that effective internal financial controls are in place and operating efficiently.

Audit Review

The financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors have conducted a limited review of the results, as per regulatory requirements.

Outlook

While Anjani Finance faces challenges in the short term due to its business restructuring, the focus on the finance segment may allow for a more streamlined operation. However, the company will need to address the current loss-making situation and work towards improving its financial performance in the coming quarters.

Investors and stakeholders will be watching closely to see how Anjani Finance adapts to its new business model and whether it can return to profitability in the near future.