Intimation is being filed as per Regulation 30 of the LODR for the proceedings of the 31st AGM held on 19th September 2025
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Awaiting price reaction for this filing.
S.I. Capital & Financial Services held its 31st AGM on September 19, 2025 at 11:00 AM via video conferencing, chaired by Mr. Vinod Manazhy, with 25 members attending. Eight resolutions were transacted, including adoption of the FY2024-25 audited financial statements, re-appointment of two directors retiring by rotation (Mr. Anu Thomas Cheriyan and Mr. Unnikrishnan Anchery), appointment of M/s. Ayyar & Cherian as statutory auditors and M/s Liya and Associates as secretarial auditor. A new Independent Director, Dr. Habeebrahiman, was appointed via special resolution, and Mr. Nijo Michel was regularised as a director. Importantly, shareholders approved the issuance of Non-Convertible Debentures (NCDs) via private placement through a special resolution. A shareholder's query about a potential rights issue and fundraising plans was declined by the Chairman, citing price sensitivity and that no Board decision had been taken. Voting results from the remote e-voting window (Sept 16–18) and the scrutiniser's report are yet to be filed with the stock exchange.
Routine AGM business with one noteworthy item: shareholder approval for NCD issuance via private placement signals the company may be preparing to raise debt capital. Voting results and any related fundraising announcements will be the next catalysts to watch for the stock.