PMC Fincorp Limited held its 40th Annual General Meeting (AGM) on September 11, 2025, where shareholders approved several significant resolutions, including key leadership reappointments and an increase in the company's authorized share capital.

Leadership Reappointments

The shareholders approved the reappointment of three key directors:

1. Mr. Raj Kumar Modi was reappointed as Managing Director for a term of five years, from October 31, 2025, to October 30, 2030. Mr. Modi, a commerce graduate with over 30 years of managerial experience, has been with the company since January 2003 and is considered one of the main visionaries behind PMC Fincorp's growth and development.

2. Mr. Prabhat Modi secured reappointment as Whole Time Director for a five-year term, effective from August 10, 2025, to August 09, 2030. Mr. Prabhat Modi holds a B.Sc. in Accounting & Finance from the University of Essex and a PGDM from the National Institute of Securities Market. His experience includes roles at SBI Mutual, BSE India Limited, and Morningstar India Private Limited.

3. Mr. Yogesh Kumar Garg was reappointed as Non-Executive Independent Director for his second term of five years, from July 28, 2025, to July 27, 2030. Mr. Garg is a qualified Company Secretary, Cost Accountant, and Law Graduate with over 30 years of experience in corporate secretarial matters, stock exchange compliances, IPOs, and legal affairs.

Increase in Authorized Share Capital

The shareholders approved an increase in the company's authorized share capital from Rs. 90.00 crore to Rs. 100.00 crore. This increase involves raising the number of equity shares from 90 crore to 100 crore, with each share having a face value of Re. 1.

Other Key Resolutions

Appointment of Secretarial Auditor

The AGM approved the appointment of M/s Anamika Bhola & Associates as the Secretarial Auditor for a period of five years, starting from the financial year 2025-26.

Dividend Declaration

Shareholders declared a final dividend of 1% (Rs. 0.01 per equity share) for the financial year ended March 31, 2025.

Financial Statements Adoption

The company's financial statements for the year ended March 31, 2025, were adopted along with the reports of the Board of Directors and Auditors.

Voting Results

All resolutions were passed with an overwhelming majority. The e-voting results showed that each resolution received over 99.98% votes in favor, demonstrating strong shareholder support for the company's decisions.

PMC Fincorp's reappointment of experienced leaders and the increase in authorized share capital suggest the company is positioning itself for potential growth and expansion in the coming years. The strong shareholder support evident in the voting results indicates confidence in the company's leadership and strategic direction.

PMC Fincorp Limited , a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), has announced its financial results for the first quarter ended June 30, along with key corporate decisions.

Financial Performance

The company reported a net profit of Rs. 408.66 lakhs for Q1, compared to Rs. 586.21 lakhs in the same quarter last year. While this represents a year-on-year decrease, it shows a significant improvement from the previous quarter's profit of Rs. 84.67 lakhs.

Total income for the quarter stood at Rs. 679.42 lakhs, with interest income being the primary revenue source at Rs. 492.94 lakhs. The company's earnings per share (EPS) for the quarter was Rs. 0.06.

Key Financial Metrics

All financial figures in Rs. lakhs, except for EPS, Debt-Equity Ratio, and Net Profit Margin

Increase in Authorized Share Capital

The Board of Directors has approved an increase in the company's authorized share capital from Rs. 90 crore to Rs. 100 crore, subject to shareholder approval. This increase will involve amending the Capital Clause (Clause V) of the Memorandum of Association.

Annual General Meeting

PMC Fincorp has scheduled its 40th Annual General Meeting (AGM) for September 11, at 11:00 AM. The meeting will be held via video conferencing, in compliance with applicable regulations.

Auditor's Review

Pankaj Gupta & Co., Chartered Accountants, conducted a limited review of the financial results and expressed an unmodified opinion, stating that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards.

Company Classification

PMC Fincorp is classified as an NBFC - Base Layer under the RBI's Scale Based Regulation (SBR) framework, which was introduced on October 22, 2021, and further detailed in the Master Directions dated October 19, 2023.

The financial results and corporate actions reflect PMC Fincorp's efforts to strengthen its financial position and comply with regulatory requirements in the evolving NBFC landscape.