Intimation of the Extraordinary General Meeting of the Company scheduled to be held on Monday the 30th June 2025 at 03.00 PM through video conferencing/OAVM.
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SI Capital & Financial Services has called an Extraordinary General Meeting on June 30, 2025, at 3:00 PM via video conferencing. The EGM will seek shareholder approval to regularize Mr. Anto Mekkattukulam Jayson (DIN: 10528274, age 49) as a Director and appoint him as Managing Director & CEO for a five-year term from April 1, 2025 to March 31, 2030. His fixed salary is set at ₹75,000 per month, plus a performance-based commission of 15% on profit before tax exceeding ₹60 lakh. Mr. Jayson brings over 21 years of experience in finance, collections, debt management and credit risk, and currently holds 6,50,000 equity shares in the company. The board appointed him on March 27, 2025, subject to shareholder approval within three months as required under SEBI Listing Regulations.
This is a routine governance item seeking shareholder approval for a board appointment already made on March 27, 2025. Approval at the EGM formalizes the MD & CEO role for five years; rejection could force the board to reconsider the appointment. The performance-linked pay structure ties his incentives to company profitability, which may be viewed positively by shareholders.