Announced Fri, 29 Aug · 13:12 IST

Outcome of 31st AGM

Board & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Kreon Finnancial Services held its 31st AGM on August 29, 2025 via video conference, running from 11:00 AM to 11:24 AM under the chairmanship of Mr. Jaijash Tatia (CMD). Four items were put to vote: adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Ms. Henna Jain (DIN: 08383395) as director liable to retire by rotation, amendment of the Memorandum of Association to align with requirements for a Payment Aggregator license application, and re-appointment of M/s. Lakshmmi Subramaniam & Associates as Secretarial Auditors. Voting was conducted through remote e-voting (August 26-28, 2025) and electronic voting at the meeting, with 35 members forming the quorum. Scrutinizer results are expected within 48 hours of meeting conclusion.

Likely market impact

The MOA amendment tied to a Payment Aggregator license signals a potential business pivot into fintech/payments, which could be material if approved. Otherwise, this is a routine procedural filing — voting results awaited may bring minor stock movement only if outcomes are unexpected.