Summary of proceedings of 43rd Annual General Meeting of the Company
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Comfort Fincap Limited held its 43rd AGM on September 12, 2025 via video conferencing, chaired by Director Ankur Agrawal, with all directors and KMPs present. Eight resolutions were tabled, including adoption of FY25 audited standalone and consolidated financial statements, declaration of a final dividend of Rs. 0.10 (5%) per equity share on a Rs. 2 face value, and re-appointment of Mr. Ankur Agrawal (retiring by rotation). Shareholders also considered approval of material related party transactions, appointment of Mitesh J. Shah & Associates as secretarial auditor for five years, enhanced borrowing power under Section 180(1)(c), authority for private placement of securities, and rectification of the explanatory statement linked to 4.38 crore share warrants issued on a preferential basis at the 42nd AGM. The meeting ran from 11:30 AM to 12:09 PM, with e-voting results to be declared within two working days.
The 5% final dividend is a modest but positive return for shareholders. The approval seeking higher borrowing limits and private placement authority signals the company may be planning to raise fresh capital, which could dilute existing shareholders. Investors should monitor the e-voting outcome, especially the preferential warrant rectification, as it may affect shareholding structure.