Intimation being filed for the dispatch of Postal Ballot Notice
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Awaiting price reaction for this filing.
SI Capital & Financial Services has issued a Postal Ballot Notice to shareholders seeking approval for two resolutions via remote e-voting. The first is an ordinary resolution to increase the authorised share capital from ₹6 crore (60 lakh equity shares of ₹10 each) to ₹16 crore (1.6 crore shares of ₹10 each), creating room for an additional 1 crore shares — aimed at future fundraising, business expansion, and issuance flexibility. The second is a special resolution to appoint Shri Vinod Manazhy (DIN: 08986929) as Non-Executive Independent Director for a 5-year term effective December 27, 2025; he is a Civil Engineering graduate with over 25 years of banking experience, including prior service on the same board from December 2020 to December 2025. E-voting runs from December 30, 2025 (9:00 AM) to January 28, 2026 (5:00 PM), with results to be announced by January 30, 2026.
The capital expansion doesn't issue new shares now but prepares the company for possible fundraising or stock splits down the line, which could lead to future dilution. The director appointment reinforces the board with seasoned banking sector expertise, relevant for an NBFC like SI Capital.