Transwarranty Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
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Transwarranty Finance Limited has notified the stock exchanges about its 31st Annual General Meeting (AGM) scheduled for Thursday, September 18, 2025 at 5:30 PM, to be conducted via video conferencing. The agenda includes adoption of FY25 audited financial statements and re-appointment of director Mr. Kumar Nair, who retires by rotation. Shareholders will also vote on appointing M/s. Yogesh Sharma & Co. as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. Key special business items include approval to issue Non-Convertible Debentures (NCDs) up to Rs. 100 Crores on a private placement basis and permission to raise up to USD 50 million equivalent through External Commercial Borrowings (ECBs). Several material related party transaction approvals with subsidiaries, KMPs, and the TFL-TCCPL Merger Trust are also on the agenda. The e-voting window runs from September 14 to September 17, 2025, with the cut-off date set as September 11, 2025.
The NCD issuance (Rs. 100 Cr) and ECB fundraising (up to USD 50M) proposals indicate the NBFC is seeking to expand its borrowing capacity to grow its lending book, which could support future business expansion but also increase leverage. Shareholders should review the use of proceeds and pricing terms; approval of these resolutions may lead to gradual dilution of existing debt holders' seniority depending on instrument structure. The other items are largely routine governance matters.