KFin Technologies Limited has successfully completed its postal ballot process with all three proposed resolutions receiving shareholder approval. The company announced the results following the conclusion of e-voting on December 18, 2025, as confirmed by the scrutinizer's report.

Postal Ballot Results Overview

The voting process, conducted entirely through e-voting from November 19 to December 18, 2025, saw participation from shareholders representing significant voting power. All three resolutions were passed with requisite majority as per regulatory requirements under Section 110 of the Companies Act, 2013.

Resolution-wise Voting Results

Resolution 1 - Appointment of Nominee Director Shareholders approved the appointment of Mr. Devang Gheewalla (DIN: 07480378) as Nominee Director with overwhelming support. Mr. Gheewalla, currently serving as Group Chief Financial Officer at Kotak Mahindra Bank Limited, brings over two decades of experience spanning group finance, taxation, strategy, and operations.

Resolution 2 - Designation Change The second resolution, approving the change in designation of Mr. Alok Chandra Misra (DIN: 01542028) from Non-Executive Nominee Director to Non-Executive Director along with his remuneration, was passed as a special resolution. This change follows the withdrawal of his nomination by General Atlantic Singapore Fund Pte. Ltd.

Resolution 3 - Independent Directors' Remuneration Shareholders approved the remuneration structure for Non-Executive Independent Directors with exceptional support.

Director Remuneration Structure

The approved remuneration structure for directors reflects competitive compensation in the financial services technology sector.

Regulatory Compliance and Process

The postal ballot notice was dispatched to eligible members on November 18, 2025, with the cut-off date set as November 14, 2025. The company ensured full regulatory compliance by publishing advertisements in Financial Express (English) and Navshakti (Marathi) newspapers on November 19, 2025.

The scrutinizer, S.N. Ananthasubramanian & Co., Company Secretaries, confirmed that all votes cast by members were found to be valid. The e-voting platform was provided by NSDL, ensuring secure and transparent voting process.

The successful completion of this postal ballot strengthens KFin Technologies' corporate governance framework and board composition, reflecting the company's commitment to maintaining robust leadership while ensuring appropriate compensation structures for its directors.

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.