Intimation under regulation 30 for the postal ballot notice.
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Awaiting price reaction for this filing.
S.I. Capital & Financial Services Ltd has issued a postal ballot notice seeking shareholder approval through e-voting on two key matters. The first resolution proposes increasing the authorised share capital from ₹6 crore (60 lakh equity shares of ₹10 each) to ₹16 crore (1.6 crore equity shares of ₹10 each), creating room for 1 crore additional shares — stated purpose is future fundraising and business expansion. The second resolution seeks approval to appoint Shri Vinod Manazhy (DIN: 08986929), a 55-year-old former banker with 25+ years of experience at Federal Bank and various NBFCs, as Non-Executive Independent Director for a 5-year term from December 27, 2025. This is effectively his reappointment, as he previously served on the board from December 2020 to December 2025. E-voting runs from December 30, 2025 (9:00 AM IST) to January 28, 2026 (5:00 PM IST), with results to be announced by January 30, 2026. The cut-off date for eligibility is December 26, 2025.
The near 2.7x expansion of authorised share capital signals the company may be preparing for a future fundraise, preferential allotment, or stock split, which could lead to equity dilution for existing shareholders if new shares are eventually issued. The reappointment of an experienced banking-sector Independent Director is a routine governance matter and provides continuity on the board.