Pursuant to Regulation 30 and 34 of SEBI Listing Regulations, 2015, we hereby enclosed herewith Notice of 43rd Annual General Meeting of the Company.
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Comfort Fincap Ltd has called its 43rd AGM on Friday, September 12, 2025 at 11:30 a.m. via video conferencing for FY 2024-25, with record date of September 5, 2025 and remote e-voting from September 9-11, 2025. Ordinary business includes adoption of audited standalone and consolidated financial statements, declaration of a small final dividend of Rs. 0.10 per share (5% on Rs. 2 face value), and re-appointment of director Mr. Ankur Agrawal who retires by rotation. Special business seeks shareholder approval for material related party transactions aggregating roughly Rs. 505 crore with about 13 related parties including Comfort Intech, Luharuka group entities, Comfort Securities, Liquors India, and others, primarily for inter-corporate loans/deposits and securities transfers. Additional proposals include raising the borrowing limit under Section 180(1)(c) to Rs. 300 crore, enabling private placement of NCDs/Commercial Paper/Bonds up to Rs. 300 crore, appointing M/s. Mitesh J. Shah & Associates as Secretarial Auditor for five years, and ratifying Mr. Pradeep Chaudhary as the ultimate beneficial owner of warrants issued to Noble Express Services Pvt Ltd under the previously approved preferential allotment of 4.38 crore share warrants.
The 5% final dividend signals modest returns but consistent payouts. Approval of around Rs. 505 crore in related party transactions and a Rs. 300 crore borrowing ceiling materially expand the scope of inter-group dealings and leverage, which minority shareholders should watch closely. The outstanding 4.38 crore convertible warrants also remain a potential source of equity dilution once exercised.