Intimation is being filed for the outcome of the AGM held on 19th September 2025 along with the voting results and scrutiniser report.
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Awaiting price reaction for this filing.
The 31st AGM of SI Capital & Financial Services Ltd was held on September 19, 2025 via video conferencing, with 25 members attending. Out of 8 resolutions, 7 were passed with requisite majority but Resolution No. 2 (re-appointment of Mr. Anu Thomas Cheriyan as Director, retiring by rotation) was rejected by shareholders with 99.98% votes against it. Key approvals included adoption of FY25 audited financials, appointment of M/s Ayyar & Cherian as statutory auditors and M/s Liya and Associates as secretarial auditors, appointment of Dr. Habeebrahiman as Independent Director, regularization of Mr. Nijo Michel as Director, and a special resolution to issue Non-Convertible Debentures (NCDs) via private placement. Total voting turnout was 61.36% with 30,98,910 votes polled out of 50,50,000 outstanding shares.
The rejection of a director's re-appointment is unusual and signals shareholder dissent, which may raise governance concerns. Approval of the NCD private placement gives the company flexibility to raise debt capital in the future. Overall, the mixed outcome may have a mildly negative sentiment impact given the rejected resolution, though the company retains operational continuity.