Intimation is being filed for the voting results of the AGM of the Company held on 19th September 2025, along with the scrutiniser report.
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Awaiting price reaction for this filing.
SI Capital & Financial Services held its 31st AGM on September 19, 2025, where 8 resolutions were put to vote. Voting turnout was 61.36% with 3,098,910 votes polled out of 5,050,000 outstanding shares. Seven of the eight resolutions passed unanimously with 100% approval, including adoption of FY25 audited financials, appointment of statutory auditor (M/s Ayyar & Cherian) and secretarial auditor (M/s Liya and Associates), appointment of Dr. Habeebrahiman as Independent Director, regularization of Mr. Nijo Michel, and approval to issue Non-Convertible Debentures via private placement. Notably, Resolution 2 — appointment of Mr. Anu Thomas Cheriyan as a director (retiring by rotation) — was rejected with 99.98% of votes against it, which is a highly unusual outcome.
The rejection of Mr. Anu Thomas Cheriyan's directorship by a near-unanimous vote is a significant signal of shareholder dissent and could raise governance concerns. The approval of the NCD private placement gives the company flexibility to raise debt capital. Overall, the AGM outcome is mixed — routine items cleared smoothly, but the director rejection warrants attention from retail investors tracking board stability.