Intimation is being filed for the outcome of the Board meeting held on 13.08.2025
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Awaiting price reaction for this filing.
The Board of SI Capital & Financial Services Ltd, a non-deposit taking NBFC, approved its unaudited financial results for Q1FY26 (quarter ended June 30, 2025). The statutory auditors M/s Ayyar & Cherian issued an unqualified review conclusion on the results. The Board also approved the re-appointment of Ayyar & Cherian as Statutory Auditors for 5 years (FY 2025-26 to FY 2029-30), appointed Liya & Associates as Secretarial Auditors (5 years) and JRJ & Co as Internal Auditor for FY 2025-26. Mr. Nijo Michel was inducted as an Additional (Non-Executive) Director. The Board also cleared the FY2024-25 Annual Report and fixed September 19, 2025 as the AGM date. Shareholder approvals will be sought for raising up to Rs 10 crore via Non-Convertible Debentures, up to Rs 5 crore via Unsecured Subordinated Debts, and enhanced borrowing authority under Section 180(1)(c) of the Companies Act.
Routine governance and auditor-related approvals with no governance red flags; the proposed Rs 15 crore debt raise (NCDs + subordinated debts) and broader borrowing powers, if approved by shareholders, will expand the company's lending capacity as an NBFC but also raise its leverage profile.