KFin Technologies Limited , a leading technology-driven financial services firm, has announced a series of proposed changes to its board composition and director remuneration structure. The company has issued a postal ballot notice seeking shareholder approval on three key resolutions.

Board Composition Changes

The first resolution proposes the appointment of Mr. Devang Gheewalla as a Nominee Director. Mr. Gheewalla, currently serving as the Group Chief Financial Officer at Kotak Mahindra Bank Limited, brings over two decades of experience with the Kotak Mahindra Group. His expertise spans areas such as group finance, taxation, strategy, investor relations, and operations.

In a significant shift, the second resolution seeks to change the designation of Mr. Alok Chandra Misra from Non-Executive Nominee Director to Non-Executive Director. This change comes following the withdrawal of his nomination by General Atlantic Singapore Fund Pte. Ltd. Mr. Misra, who has been associated with the company since July 2023, has extensive experience in strategic leadership, global operations, and financial expertise.

Proposed Remuneration Structure

The postal ballot also addresses the remuneration structure for directors:

1. For Mr. Alok Chandra Misra, the company proposes an annual remuneration not exceeding Rs. 25.50 lakh, pro-rated from October 27, 2025.

2. For Non-Executive Independent Directors (excluding Mr. Shankar Iyer), the company seeks approval for an annual remuneration not exceeding Rs. 30.00 lakh per director. This is in addition to sitting fees and reimbursement of expenses for attending board and committee meetings.

Voting Process and Timeline

Shareholders can cast their votes through e-voting, which will commence on November 19, 2025, at 9:00 a.m. IST and conclude on December 18, 2025, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced by December 22, 2025.

These proposed changes reflect KFin Technologies' commitment to maintaining a robust and diverse board while ensuring competitive remuneration for its directors. The company's focus on board governance and strategic leadership aligns with its position as a key player in the financial services technology sector.

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes on these important corporate governance matters.

KFin Technologies , India's largest registrar and transfer agent, has reported a strong performance for the second quarter, with revenue growth and strategic expansion marking key highlights. The company has also completed the acquisition of Singapore-based Ascent Fund Services, significantly expanding its global footprint.

Financial Performance

KFin Technologies delivered a robust financial performance in Q2:

The company's revenue saw a sequential growth of 12.8% compared to the previous quarter.

Business Segment Performance

• Domestic Mutual Fund Business: Grew by 10.2% year-on-year
• International and Other Investor Solutions: Increased by 7.1% year-on-year
• Issuer Solutions: Expanded by 13.4% year-on-year

Key Highlights

1. Acquisition of Ascent Fund Services: KFin Technologies has completed the acquisition of Singapore-based Ascent Fund Services, expanding its global presence to 18 geographies. This move aligns with the company's vision to become a large global fund administrator originating from India.

2. New Client Wins: The company won 4 out of 4 new mutual fund mandates launched in India and added nearly 500 clients in Issuer Solutions.

3. Market Leadership: KFin Technologies maintains its position as the country's largest registrar and transfer agent, with a significant market share in various segments.

4. SIP Market Share: The company's SIP book continues to hold around 40% market share.

5. Technology Initiatives: KFin Technologies launched the IGNITE platform and IRIS product, enhancing its technological capabilities and service offerings.

Future Outlook

Management expects improved performance in the coming quarters, citing:

• Positive market trends
• A strong IPO pipeline through December
• Potential benefits from regulatory changes in the pension sector

The company remains focused on leveraging its expanded global presence and technological innovations to drive growth across its business segments.

Analyst Commentary

While KFin Technologies has shown strong revenue growth, there are areas to watch:

• The impact of the Ascent Fund Services acquisition on margins and international operations
• Potential yield compression in the mutual fund business due to telescopic pricing
• The evolving regulatory landscape, particularly in the KYC Registration Agency (KRA) business

Overall, KFin Technologies' Q2 performance demonstrates resilience in a challenging market environment, with strategic initiatives positioning the company for continued growth in the fund administration and investor services space.