Notice of 40th AGM of FYNX Capital Limited
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Fynx Capital Ltd (formerly Rajath Finance Ltd) has issued the notice for its 40th AGM scheduled for Wednesday, September 24, 2025 at 2:30 PM at its registered office in Andheri (E), Mumbai. Ordinary business includes adoption of audited financial statements for FY ended March 31, 2025 and re-appointment of Mr. Ashok Kumar Mittal as director (retiring by rotation). Special business items include the appointment of Mr. Shanker Raman Siddhanathan as Managing Director for 5 years at Rs. 60 lakhs per annum, and the appointment of M/s. PHD & Associates as Secretarial Auditor for 5 years (FY26–FY30). The company is also seeking shareholder approval to increase its borrowing limit to Rs. 100 crore and to approve multiple related party transactions, including sitting fees of Rs. 4 lakh per annum for four independent directors, remuneration of Rs. 24 lakh p.a. for non-executive director Mr. Ashok Kumar Mittal, Rs. 33 lakh p.a. for CFO Mrs. Preeti Mhatre, Rs. 10.35 lakh p.a. for Company Secretary Mr. Akash Hirenbhai Bheda, and a Rs. 5 crore loan from Lord Krishna Financial Services Ltd. E-voting will be open from September 20 to September 23, 2025, with September 17 as the cut-off date.
Routine AGM agenda, but the proposed appointment of a full-time Managing Director and a Rs. 100 crore borrowing limit suggest the company may be preparing for business expansion. Shareholders should pay attention to the aggregate remuneration outflow (over Rs. 1.3 crore annually to directors and KMP) and the Rs. 5 crore loan from a related entity (Lord Krishna Financial Services Ltd) before voting.