Satin Creditcare Network Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2025
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Satin Creditcare Network Limited has submitted the Scrutinizer's report and voting results for its 35th AGM held on August 7, 2025 via video conferencing. Nine resolutions were put to vote through remote e-voting and e-voting during the AGM, and all were passed with the required majority. Shareholders representing about 66.24% of total shareholding participated in the voting. The key resolutions included adoption of audited financial statements for FY25, reappointment of Mr. Satvinder Singh and Dr. Harvinder Pal Singh (CMD), appointment of two new independent directors (Mr. Ashok Kumar Sharma and Mr. Anupam Kunal Gangaher), appointment of M/s DPV & Associates LLP as secretarial auditors for five years, and approval for issuance of non-convertible debentures (NCDs) on a private placement basis along with enhanced borrowing powers and creation of charges. Promoter group votes were excluded for resolutions 2 and 6, where they were deemed interested.
This is a routine procedural disclosure confirming shareholder approval of all AGM agenda items. The NCD issuance, borrowing powers, and charge creation approvals (each passed with over 99.98% support) give the company headroom to raise debt going forward, which is material for a microfinance NBFC. No negative signals — all resolutions were passed comfortably with minimal dissent.