Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, we enclose gist of proceedings of the 34th Annual General Meeting held of Monday, ....
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Shalibhadra Finance held its 34th AGM on September 29, 2025 via video conferencing, concluding in about 25 minutes. Shareholders considered and approved ordinary business including adoption of audited financial statements for FY ending March 31, 2025, declaration of dividend on equity shares, and a series of director-related resolutions. A major board reshuffle was approved: Minesh M. Doshi stepped down as Managing Director to continue as Non-Executive Director, while Vatsal M. Doshi was appointed as the new Managing Director (promoted from CFO/Whole-Time Director) and Dhruvil M. Doshi was appointed as Whole-Time Director cum CFO. Ayushi M. Doshi was also inducted as a Director liable to retire by rotation. Additionally, shareholders approved a special resolution raising the company's borrowing limit to Rs. 190 crores under Section 180(1)(c) of the Companies Act.
The continuity of the Doshi family in leadership roles signals stable management for retail investors, though the doubling-relevant borrowing limit hike to Rs. 190 crores may increase leverage on the books going forward. Dividend declaration and audited results adoption are routine confirmations that no financial surprises surfaced at the AGM.