Summary of the proceedings of 39th AGM through VC/OAVM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Supra Pacific Financial Services held its 39th AGM on September 30, 2025, via video conference, chaired by Managing Director Joby George. All 8 directors, the CFO, Company Secretary, statutory auditor, and 28 members attended. E-voting took place between September 27–29, 2025. Ordinary business included adopting the FY25 audited financials (with no auditor qualifications) and the re-appointment of Mr. Sandeep Babu Thonnangamath as a director retiring by rotation. On the special business side, members considered proposals to issue Non-Convertible Debentures, issue Unsecured Subordinated Debts, raise borrowing limits under Section 180(1)(c) of the Companies Act up to INR 1,000 crore, alter the Memorandum of Association, and appoint DV & Associates as Secretarial Auditors for five years from April 1, 2025. The meeting wrapped up in just 30 minutes, and voting results were to be filed separately.
The most material items for shareholders are the proposals to issue NCDs and Unsecured Subordinated Debts and to hike the borrowing ceiling to INR 1,000 crore — if approved, this signals a significant debt-raising plan that could dilute equity holders or expand leverage. The clean auditor report and director continuity are routine positives, but the MOA alteration hints at a potential change in the company's permitted business scope, which warrants watching once voting results are disclosed.