Notice of 30th Annual General Meeting of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Smart Finsec Ltd has notified BSE about its 30th Annual General Meeting scheduled for Thursday, September 25, 2025 at 11:30 AM, to be held via video conferencing. The AGM will consider (1) adoption of audited financial statements for FY ending March 31, 2025, (2) re-appointment of Mr. Sachit Khera (DIN: 03536957) as Director retiring by rotation, and (3) a Special Resolution to appoint Mr. Arun Khera (DIN: 00055694) as Managing Director for a five-year term from August 29, 2025 to August 28, 2030, with nil remuneration. Notably, Mr. Arun Khera's re-appointment was previously proposed at the 29th AGM in September 2024 as an Ordinary Resolution but failed to receive the requisite majority vote, and is now being brought back as a Special Resolution. Mr. Arun Khera, a promoter, holds 83.85 lakh equity shares and has served as MD since 1995. The company's standalone financials show Net Worth of Rs 1,446.56 lakhs, Revenue of Rs 2,507.1 lakhs, PBT of Rs 308.75 lakhs, and Net Profit of Rs 236.53 lakhs in FY2024. Remote e-voting will run from September 22-24, 2025, with the cut-off date for eligibility being September 18, 2025.
Shareholders should watch the Arun Khera MD appointment closely, as this is being reintroduced after failing to get majority support last year, and now requires a 75% majority as a Special Resolution. The outcome signals shareholder sentiment toward the promoter's continued leadership. Approval would provide leadership continuity at no cost to the company, while rejection could create governance uncertainty.