Intimation is being filed under Regulation 30 for the dispatch of AGM Notice 2025
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Awaiting price reaction for this filing.
SI Capital & Financial Services has issued the notice for its 31st AGM scheduled for Friday, September 19, 2025, at 11:00 AM via video conferencing. Key items on the agenda include adopting audited financial statements for FY2024-25, appointing two directors retiring by rotation (Mr. Anu Thomas Cheriyan and Mr. Unnikrishnan Anchery), and appointing M/s. Ayyar & Cherian as statutory auditors for a five-year term until 2030. Members will also vote on appointing M/s Liya and Associates as secretarial auditor for FY2025-26 to FY2029-30, confirming Dr. Habeebrahiman as Independent Director for 5 years, and regularizing Mr. Nijo Michel as a Director. The most financially significant proposal is seeking shareholder approval to issue secured/unlisted Non-Convertible Debentures (NCDs) on a private placement basis up to Rs. 10 crore over the next one year.
The NCD proposal (up to Rs. 10 crore) is the key value-relevant item, as it will increase the company's debt obligations without diluting equity; pricing and timing will depend on market conditions. The auditor and director appointments are routine governance matters with no immediate price impact expected.