This is further our letter dated August 01, 2025, regarding Notice of the 12th AGM ("AGM Notice") of the Company.
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Nisus Finance Services has issued an addendum to its 12th AGM Notice (scheduled for August 25, 2025) to seek shareholder approval for sharply raising its borrowing limit from the existing INR 100 crores to INR 400 crores — a four-fold increase. The Board of Directors passed this resolution on August 12, 2025 under Section 180(1)(c) and 180(1)(a) of the Companies Act, after the original AGM notice had already been circulated on August 1, prompting the need for this addendum. The company is also seeking approval to create charges, mortgages, or pledges on its assets (movable, immovable, present, and future) to secure these borrowings for itself, its subsidiaries, associates, or third parties. This will be presented as Item No. 12 at the AGM as a Special Resolution requiring shareholder vote.
Shareholders will need to vote on this significant 4x expansion of the company's debt-raising capacity. If approved, it signals the company's intent to take on substantially more leverage, which could fund growth but also increases financial risk. No new loan or facility has been confirmed yet — this is enabling approval to borrow more in the future.