IndoStar Capital Finance Limited has informed the Exchange regarding Appointment of Mr. Vishal Goenka as Non- Executive Director, liable to retire by rotation, of the Company w.e.f. September 25, 2025.
INDOSTAR · price
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IndoStar Capital Finance held its 16th AGM on September 25, 2025, via video conferencing, and all 6 resolutions were passed with overwhelming shareholder approval. The resolutions covered adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Mr. Devdutt Marathe (retiring by rotation), approval for issuance of non-convertible debentures under private placement (special resolution), appointment and remuneration of the Secretarial Auditor, and appointment of Mr. Vishal Goenka (DIN: 10084887) as a Non-Executive Non-Independent Director. Of the 13.67 crore outstanding shares, 10.02 crore (73.26%) were polled, with each resolution receiving over 99.99% votes in favor (only a few hundred dissenting votes in total). The scrutinizer, Ms. Alifya Sapatwala of Mehta & Mehta, Company Secretaries, certified the results.
The strong, near-unanimous approval across all resolutions signals solid shareholder alignment and governance continuity. Approval of the NCD private placement resolution gives the NBFC flexibility to raise debt funding, while the new director addition may bring fresh expertise to the board. No material negative signals for shareholders — the vote outcome is procedural and supportive of management's direction.