Savani Financials Limited held its 41st Annual General Meeting (AGM) on September 25, where shareholders approved several significant resolutions that could shape the company's future growth and operations.

Key Approvals

Financial and Capital Structure Changes

• Borrowing Limit: Shareholders approved an increase in the company's borrowing limit to Rs 500.00 crore, potentially enhancing Savani Financials' ability to fund its operations and expansion plans.
• Authorized Capital Increase: The authorized share capital was raised to Rs 100.00 crore, divided into 9.75 crore equity shares and 25 lakh redeemable preference shares, both with a face value of Rs 10.00 each.

Employee Stock Option Scheme

The company received approval for the 'Savani Financials Employee Stock Option Scheme 2024' (ESOS 2024), which includes:

• Granting stock options to eligible employees of the company and its subsidiaries.
• Allowing grants equal to or exceeding 1% of the issued capital to identified employees.

Corporate Governance and Structure

• Related Party Transactions: Material related party transactions for the financial year 2025-2026 were approved.
• Company Name Change: Shareholders agreed to a change in the company's name, with consequent amendments to the Memorandum and Articles of Association.
• New Articles of Association: A new set of Articles of Association was adopted.

Additional Corporate Actions

• Secretarial Auditor Appointment: M/s. Bansal and Company, Company Secretaries, were appointed as the Secretarial Auditor for a five-year term.
• Director Reappointment: Ms. Deepa Kishor Tracy, Managing Director, was reappointed after retiring by rotation.

Management Remuneration

Several resolutions related to management compensation were passed:

• Approval of managerial remuneration for the Managing Director.
• Framework for compensation to the Managing Director and Chief Executive Officer.
• Remuneration framework for Non-Executive Independent Directors.

Shareholder Participation

The AGM, conducted through video conferencing due to ongoing regulatory guidelines, saw participation from 50 shareholders, including 2 from the promoter and promoter group and 48 from the public.

Conclusion

The approved resolutions at Savani Financials' 41st AGM reflect the company's focus on financial flexibility, employee retention, and corporate restructuring. These changes could potentially position the company for future growth and operational efficiency in the dynamic financial services sector.

Investors and stakeholders will likely watch closely how these approved measures translate into the company's performance and market position in the coming fiscal year.

Savani Financials announced several key decisions made during its Board of Directors meeting held on August 28, 2025. The board approved a range of significant proposals that will shape the company's governance and compensation structures, subject to shareholder approval at the upcoming General Meeting.

New Articles of Association

The board has given its nod to a new set of Articles of Association for the company. This fundamental document outlines the rules and regulations for the company's internal management and is crucial for defining how the company operates.

Executive Compensation Frameworks

Several compensation frameworks were approved during the meeting:

• Managerial Remuneration for Managing Director: A new framework for the Managing Director's compensation was approved.
• Chief Executive Officer Compensation: The board sanctioned a compensation package for the Chief Executive Officer.
• Non-Executive Independent Directors Remuneration: A framework for remunerating Non-Executive Independent Directors was established.
• Senior Managerial Personnel Compensation: The board approved a remuneration framework for Senior Managerial Personnel.

Annual General Meeting

The Notice for the Forty First Annual General Meeting for the financial year 2024-2025 was also approved during the board meeting. This sets the stage for shareholders to review and vote on the proposed changes.

Regulatory Compliance

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Savani Financials promptly disclosed these decisions to the BSE Limited.

Board Meeting Details

The board meeting commenced at 11:30 a.m. and concluded at 5:30 p.m., demonstrating the extensive discussions that took place regarding these important matters.

It's important to note that all these approvals are subject to shareholder consent, which will be sought at the upcoming General Meeting. Shareholders will play a crucial role in finalizing these significant changes to the company's governance and compensation structures.

Investors and stakeholders of Savani Financials should keep an eye out for further announcements regarding the date of the Annual General Meeting and the detailed proposals that will be put to vote.