Abirami Financial Services India Ltd

AGM & agenda

• 33rd AGM on 18 Sep 2026 via VC/OAVM.
• Record date for dividend: 11 Sep 2026.
• E-voting window: 15–17 Sep 2026.
• Book closure: 12–18 Sep 2026.
• Final dividend: ₹1.50 per share (15%).
• Re-appointment of K.V. Aiyappan beyond 75 by Special Resolution.
• Re-appointment of Sabesan as Independent Director for 5 years.
• Re-appointment of Revathi Sureshkumar as Independent Director for 5 years.
• Santhosh Veerappan appointed Independent Director for 5 years from 27-Apr-2026.
• M.G. Bhaskar retired as Independent Director on 15-Jun-2026.
• Annual report and AGM notice available on company website.

Financial performance

• Revenue from operations was NIL for FY2026.
• Other income: ₹133.30 Lakh.
• Profit before tax: ₹67.22 Lakh.
• Tax expense: ₹16.02 Lakh.
• Profit after tax: ₹51.21 Lakh.
• Basic EPS: ₹0.95.
• Total assets: ₹20.03 crore; total equity: ₹19.54 crore.

Dividend and capital allocation

• Final dividend of ₹1.50 per share, subject to AGM approval.
• Dividend tax deducted at source as per law.
• Dividend payout as per applicable policy; no reserve transfer details disclosed here.

Capital structure and liquidity

• Paid-up equity capital remains ₹5.40 crore (₹540 lakh).
• Promoter holdings: KV Aiyappan 46%; Vaswani 20%.
• Dematerialised shares: 97.94%; physical: 2.06%.
• Top holders: KV Aiyappan 24,65,000 shares (46%); Vaswani 10,80,000 shares (20%).
• Scrip code: 511756; NSE symbol ABIRAFN.

Governance & governance flags

• Board comprises six directors; mix of executive, non-executive and independent; one woman director.
• Statutory auditors: TSG & Associates; Secretarial Auditor: Sindhuja Porselvam; reports unmodified.
• Four board meetings held in FY2025-26.
• Remuneration: non-executive directors receive sitting fees; executive director ₹3.75 Lakh.
• Vigil mechanism in place; Board ensures compliance and governance standards.

Related party transactions & internal controls

• Related party transactions not material; all at arm's length and approved by Audit Committee.
• Remuneration to Chitra Sivaramakrishnan: ₹3.75 Lakh.
• Remuneration to D. Parthiban: ₹4.49 Lakh; Jyothi Mehra: ₹4.55 Lakh.
• Internal financial controls are adequate and operating effectively.

Shareholding & investor relations

• Dematerialised shares: 97.94%; physical 2.06%.
• Top shareholders: KV Aiyappan 46%; Vaswani 20%.
• GDR/ADR: none; no convertible instruments outstanding.
• Scrip code: 511756; NSE symbol ABIRAFN.
• Annual listing fees paid to BSE; depository fees paid.

Re-appointment of K.V. Aiyappan

• Re-appointment approved for K.V. Aiyappan as Non-executive Director cum Chairman.
• Retires by rotation and eligible for re-appointment.
• Related to Mrs. Chitra Sivaramakrishnan and Mrs. Muthulakshmi Ganesh.
• Not debarred from holding office by SEBI or other authorities.

Re-appointment of A.K. Sabesan

• Re-appointed as Independent Director for a second term from 30 September 2026.
• Term: five years, not liable to retire by rotation.
• Profile: 20+ years banking experience; former senior manager in India and Hong Kong.
• No inter-se relationships with directors or KMP.
• Not debarred from holding director's office by SEBI or authorities.

Re-appointment of Revathi Sureshkumar

• Re-appointment as Independent Director for a second term from 30 September 2026.
• Term: five years, not liable to retire by rotation.
• Profile: Commerce graduate with finance and accounts experience; directorship in private company.
• No inter-se relationships with directors or KMP.
• Not debarred from holding director's office by SEBI or authorities.

Cessation of Munjurpet Bhaskar Gopu

• Second term expired; ceased as Independent Director on 15 June 2026.

Financial performance

• Quarter ended June 30, 2026: standalone net profit ₹9.77 Lakh.
• Total income for the quarter was ₹30.72 Lakh.
• Earnings per share: basic ₹0.18, diluted ₹0.25.
• Paid-up equity share capital ₹540.00 Lakh.
• Face value ₹10 per share.
• Limited review conducted by statutory auditor.
• Board approved results on 28 July 2026.

Key board actions

• Unaudited standalone results for quarter ended 30-06-2026 approved.
• Limited Review Report for quarter ended 30-06-2026 placed on record.
• Dividend of 15% on equity shares recommended for year ended 31-03-2026.
• Reconstitution of committees approved via circular resolution dated 20-07-2026.
• Retirement by rotation and reappointment of K. V. Aiyappan as Non-exec Chairman.
• Re-appointment of A.K. Sabesan as Independent Director for second term.
• Re-appointment of Revathi Sureshkumar as Independent Director for second term.
• Cessation of Munjurpet Bhaskar Gopu as Independent Director from 15-06-2026.
• 33rd AGM to be held via VC on 18-09-2026 at 3 PM IST.
• Register closure and remote e-voting cut-off date approved.
• Ms. Sindhuja Porselvam appointed Scrutinizer for 33rd AGM.
• Secretarial Audit Report for year ended 31-03-2026 noted.
• Audit Committee Report as on 30-06-2026 noted.
• Internal Audit Report for quarter ended 30-06-2026 noted.
• Shareholding pattern as on 30-06-2026 submitted to BSE.
• Reconciliation of Share Capital Audit report for quarter ended 30-06-2026.

Meeting Details

• Board meeting scheduled for 28 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve un-audited standalone results for quarter ended 30-06-2026 with Limited Review.
• Take on record Audit Committee Report as of 30-06-2026.
• Take on record Internal Audit Report for the quarter ended 30-06-2026.
• Take note of circular resolution passed by the Board.
• Consider and recommend dividend, if any, for year ended 31-03-2026.
• Adopt Director's Report and annexures for year ended 31-03-2026.
• Take on record Secretarial Audit Report for year ended 31-03-2026.
• Retirement by rotation and reappointment of Mr. K. V. Aiyappan.
• Approve re-appointment of Mr. A.K. Sabesan as Independent Director for second term.
• Approve re-appointment of Mrs. Revathi Suresh Kumar as Independent Director for second term.
• Note retirement of Mr. M.G. Bhaskar as Independent Director.
• Confirm date, time, and venue for the 33rd AGM and approve draft Notice.
• Approve closure of Register of Members and fix e-voting cut-off date.
• Appoint Ms. Sindhuja Porselvam as Scrutinizer for the 33rd AGM.
• Review quarterly compliance reports under SEBI LODR.
• Record Reconciliation of Share Capital Audit for 30/06/2026 and shareholding pattern.

Other Notes

• No trading window closure period disclosed.

Dematerialisation status

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed (accepted/rejected) to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within limit.

Meeting Details

• Board meeting scheduled for 27 April 2026.

Key Agenda Items

• Take on record MBP-1, DIR-8, reconciliation audit report, and shareholding pattern.
• Propose Mr. Santhosh Veerappan as Additional Director and Independent Director.
• Approve postal ballot notice for Mr. Veerappan's Independent Director appointment.
• Appoint Ms. Sindhuja Porselvam as scrutinizer for the postal ballot.
• Fix the cut-off date for voting eligibility.
• Consider and approve a related party transaction.

Other Notes

• Authorize Mrs. Chitra Sivaramakrishnan to file forms with ROC, BSE, and other authorities.