Dear Sir/ Ma''am, PFA, the proceedings of the 34th Annual General Meeting Thank You
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Indus Finance Ltd held its 34th Annual General Meeting on 23rd July 2025 via Video Conferencing from 4:00 PM to 4:30 PM, chaired by Dr. Bala V Kutti. Shareholders approved all 16 items of business, including adoption of audited FY25 financial statements and declaration of a final dividend of ₹0.50 per equity share. Key approvals include the appointment of Dr. Bala V Kutti as Managing Director for 5 years and reappointment of Ms. KBK Vasuki as Woman Independent Director for a second 5-year term, both passed as Special Resolutions. Additionally, members approved 10 Material Related Party Transactions with various group entities including Indowind Energy, Soura Capital, Soura Investments Holdings, Indus Capital, Loyal Credit and Investments, Ever On Power, Bekae Properties, Quantum Ltd, Kishore Electro Infra, and Chendam Realty.
The ₹0.50 dividend is a modest payout for shareholders, while the approval of multiple material related party transactions signals active inter-group dealings that investors should monitor. Reappointment of the Chairman as Managing Director and continuity of the independent director provide governance stability, though the heavy reliance on related party transactions may warrant closer scrutiny by minority shareholders.