Capital India Finance Limited has submitted with the Exchange proceedings of 31st Annual General Meeting of the Company
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Capital India Finance Limited held its 31st Annual General Meeting on September 25, 2025, via video conferencing from 11:00 AM to 11:30 AM IST. Shareholders approved all 7 resolutions with overwhelming support, including adoption of audited financial statements for FY ending March 31, 2025, and declaration of a final dividend of INR 0.02 (Two Paisa) per equity share of INR 2 face value. Mr. Keshav Porwal was re-appointed as Director (retiring by rotation) and as Managing Director for another 3-year term effective November 27, 2025. Shareholders also approved amendments to the Memorandum of Association's object clause, raising of funds through debt securities issuance, and appointment of M/s Arun Gupta & Associates as Secretarial Auditors for 5 years (April 2025 to March 2030). All resolutions passed with 99.9993% votes in favor out of 35.57 crore shares polled, with no qualifications or adverse remarks from auditors.
The approvals are largely procedural and governance-positive, with near-unanimous shareholder support. The approval to raise debt securities and amend the object clause gives the company flexibility to expand operations or raise capital, which may dilute existing debt or alter business scope. The minimal dividend of INR 0.02 per share (1% on face value) offers little income to shareholders, while MD continuity provides leadership stability.