In terms of Regulations 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board ....
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The Board of SI Capital & Financial Services Ltd, at its meeting on December 27, 2025, approved increasing the Authorised Share Capital from Rs. 6 crore (60 lakh equity shares of Rs. 10 each) to Rs. 16 crore (1.6 crore equity shares of Rs. 10 each), subject to shareholder approval via postal ballot. The Board also appointed Mr Vinod Manazhy (DIN: 08986929) as an Additional Non-Executive Independent Director for a five-year term from December 27, 2025 to December 26, 2030, again subject to shareholder approval. Mr Manazhy is a Civil Engineering graduate with over 25 years of banking experience at Federal Bank and has previously served as an Independent Director of the company from December 10, 2020 to December 9, 2025. A postal ballot process has been initiated with K Sreekrishna Kumar appointed as Scrutinizer and December 26, 2025 set as the cut-off date for voting eligibility.
The authorised capital hike from Rs. 6 crore to Rs. 16 crore gives the company room for future fundraising or equity issuance, though no immediate dilution is implied. Reappointment of an experienced banker as Independent Director brings continuity in board oversight. Short-term stock price impact is likely minimal pending shareholder approval via postal ballot.