REcord date for EGM as mentioned in the letter
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India Finsec Ltd has called an Extra-Ordinary General Meeting on April 24, 2026, at 11:30 A.M. via video conferencing. Two special business items are on the agenda: (1) approval for the Initial Public Offering (IPO) of its subsidiary IFL Finance Limited (formerly IFL Housing Finance Limited), which may include a fresh issue of equity shares and/or an Offer for Sale, with proposed listing on BSE and/or other recognised stock exchanges; and (2) re-appointment of Mr. Devi Dass Agarwal (DIN: 09152596) as an Independent Director for a second five-year term from July 1, 2026 to June 30, 2031. The cut-off date for e-voting eligibility is April 17, 2026, with remote e-voting open from April 21 (9:00 A.M.) to April 23, 2026 (5:00 P.M.). The Register of Members will be closed from April 17 to April 24, 2026.
The IPO of subsidiary IFL Finance is a value-unlocking move that could enhance the parent's visibility and provide capital markets access for the subsidiary's growth, though the outcome depends on market conditions and regulatory approvals. The re-appointment ensures board continuity. Shareholders of record by April 17, 2026 will be eligible to vote on these resolutions.