Notice of 68th Annual General Meeting along with Annual Report 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sakthi Finance has sent out the notice for its 68th AGM to be held on Saturday, September 27, 2025 at 12:00 noon via video conferencing, along with the Annual Report for FY ended March 31, 2025. Key items include adoption of audited financials, confirmation of interim dividends on preference shares (₹8.25/share and ₹9/share) as final dividend, and declaration of an 8% equity dividend of ₹0.80 per share on 6.47 crore equity shares. Shareholders will also vote on appointing new Independent Directors (Smt. Susheela Balakrishnan, Sri S Shivram) and a new Non-Executive Director (Sri S Chandrasekhar), re-appointing Sri M Balasubramaniam as Managing Director for 5 years (with ₹3 lakh/month salary plus 3% commission on net profits), and authorizing the issue of secured NCDs/debt securities up to ₹250 crore on private placement. Additionally, the company proposes increasing authorized share capital from ₹130 crore to ₹150 crore and issuing up to 20 lakh redeemable cumulative preference shares (₹2,000 lakhs) on private placement.
Minor near-term positive for shareholders due to the 8% equity dividend declaration and continued MD leadership, but the proposals for ₹250 crore NCD issuance and ₹20 crore preference share private placement signal increased borrowing/capital raising, which may lead to equity dilution risk from preference shares (though non-convertible). The capital structure changes and large debt authorizations could pressure the stock if execution disappoints, though routine for an NBFC's growth funding needs.