Notice of Extraordinary General Meeting of Fynx Capital Limited scheduled to be held on Thursday December 11, 2025.
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Fynx Capital Limited has called an Extraordinary General Meeting on Thursday, December 11, 2025 at 02:30 p.m. at its registered office in Andheri (East), Mumbai. Key agenda items include appointment of Mr. Maheswar Sahu as Director and Chairman (Non-Executive Non-Independent) with a proposed remuneration of Rs. 25 lakh per annum for 3 years from November 7, 2025. The meeting will also seek approval for three related party transactions: Rs. 3.33 lakh per annum with Shree Sai Tours and Travels for car lease (connected to CFO Mrs. Preeti Mhatre), Rs. 1.20 crore investment in Lord Krishna Financial Services Limited (common director), and the chairman's remuneration itself. Shareholders will also vote on a 1:10 stock split reducing face value from Rs. 10 to Rs. 1 (issued shares will rise from 2 crore to 20 crore), along with a new ESOP plan called FYNX ESOP 2025 reserving up to 10 lakh equity shares each for employees of the company and group companies.
The proposed 1:10 stock split should make shares more affordable and improve retail liquidity, while the ESOP could lead to modest future dilution. The multiple related party transactions involving director and CFO-linked entities warrant shareholder attention, though they are stated to be at arm's length and approved by the audit committee.