Capital India Finance Limited has informed the Exchange about the 31st Annual General Meeting of the Company
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Capital India Finance Limited's board, at its meeting on August 13, 2025, approved four key matters. First, the re-appointment of Mr. Keshav Porwal as Managing Director for a further 3-year term effective November 27, 2025, subject to shareholder approval; Mr. Porwal brings over two decades of experience in finance and real estate. Second, the appointment of M/s. Arun Gupta & Associates as Secretarial Auditors for a 5-year term from April 1, 2025 to March 31, 2030. Third, an amendment to the Object Clause of the Memorandum of Association to enter the business of corporate agent for insurance companies and insurance intermediation, subject to shareholder and regulatory approvals. Fourth, the 31st Annual General Meeting has been scheduled for Thursday, September 25, 2025 via video conferencing, with the record date for dividend eligibility set as Friday, September 19, 2025, and book closure running from September 20 to September 25, 2025.
The MD re-appointment provides leadership continuity for shareholders. The proposed entry into insurance intermediation signals a strategic diversification beyond the existing NBFC business, potentially unlocking a new revenue stream. Investors should watch for the dividend declaration at the September 25 AGM, as the record date has now been confirmed.