India Shelter Finance Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 28, 2025
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India Shelter Finance Corporation has notified the exchanges about its 27th AGM to be held on July 28, 2025 at 11:00 AM via video conferencing. The AGM will consider adoption of audited financial statements for FY 2024-25 and approval of a final dividend of ₹5 per equity share (face value ₹5, implying 100% dividend). Shareholders will also vote on re-appointment of Mr. Sudhin Choksey as a non-executive director, re-appointment of Mr. Rupinder Singh as MD & CEO for another 5 years (from November 23, 2025) with a fixed pay of ₹4.5 crore plus variable pay up to 120% of fixed pay, and an increase in borrowing limit to ₹12,000 crore under Section 180(1)(c). Additionally, the company seeks approval for a new ESOP 2025 scheme covering up to 26.6 lakh stock options and the appointment of Mr. Jitender Singh as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30). E-voting window opens on July 25, 2025 and closes on July 27, 2025, with the cut-off date set as July 21, 2025.
The proposed ₹5 dividend reflects steady shareholder returns, while the higher borrowing cap of ₹12,000 crore signals growth plans for the housing finance business. The MD & CEO re-appointment with significantly enhanced pay structure and the new ESOP 2025 scheme are key governance items for shareholder approval.