Proceeding of 40th Annual General Meeting of PMC Fincorp Limited held on September 11, 2025 Through Video Conferencing or Other Audio-Visual Means (VC/OAVM).
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PMC Fincorp Limited held its 40th Annual General Meeting on September 11, 2025, via video conferencing, from 11:00 a.m. to 11:56 a.m. A total of 38 members, including 5 promoter shareholders, attended the meeting along with all directors, the CFO, and the Secretarial Auditor. Eight resolutions were put to vote, and all were passed with the requisite majority. Key business items included adoption of audited financial statements for FY2024-25, declaration of a final dividend on equity shares, re-appointment of Mr. Prabhat Modi as a director retiring by rotation, and an increase in authorised share capital with a corresponding amendment to the Memorandum of Association. Special resolutions covered the re-appointment of Mr. Raj Kumar Modi as Managing Director, Mr. Prabhat Modi as Whole-Time Director, and Mr. Yogesh Kumar Garg as Independent Director, along with the appointment of M/s Anamika Bhola & Associates as Secretarial Auditor for a five-year term starting FY2025-26. Remote e-voting was conducted through NSDL from September 8 to September 10, 2025, with an additional 15 minutes of e-voting after the meeting; the scrutinizer's consolidated voting results are to be filed within two working days.
Shareholders should note the board's continuity with key directors being re-appointed and the declaration of a final dividend for FY2024-25. The proposed increase in authorised share capital signals potential future fundraising or expansion plans, which could dilute existing holdings depending on how the expanded capital is eventually deployed.