Proceeding of the 40th Annual General Meeting

Pioneer Investcorp Ltd held its 40th AGM on 18th September 2025 via video conferencing, with 127 members attending; the meeting lasted 35 minutes (3:00 PM to 3:35 PM) and was chaired by Mr. A.T. Krishnakumar. All 10 resolutions on the agenda were passed with the requisite majority, including adoption of the audited standalone and consolidated financial statements for FY ended 31st March 2025. Key people decisions included re-appointment of Mr. Gaurang Gandhi as Managing Director for 3 years, re-appointment of Mr. Shailesh Dalal as Independent Director, appointment of Mrs. Saraswathy Sadasivan as Non-Executive Director, and appointment of Mr. Raj Singh as Independent Director. The shareholders also approved issuance of secured or unsecured redeemable non-convertible debentures (NCDs) of up to Rs. 300 Crores on a private placement basis, along with material related party transactions and remuneration to related parties. The company noted it had completed four decades in the financial services sector.