Comfort Fincap Ltd

Comfort Fincap Ltd: Trading window closed from October 01, 2026 until 48 hours after the declaration of unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026

AGM details

• AGM held 21 Sep 2026 at 3:00 PM IST via VC/OAVM.
• End time 3:44 PM IST.
• Record date 14 Sep 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopted Audited Standalone and Consolidated Financial Statements for the year.
• Resolution 2 (Ordinary): Declared final dividend of Rs 0.10 per equity share.
• Resolution 3 (Ordinary): Re-appointed director Ankur Agrawal, retiring by rotation, eligible for re-appointment.
• Resolution 4 (Special): Approved Material Related Party Transactions.
• Resolution 5 (Special): Granted authority to raise funds via private placement.
• Note: Related party votes excluded for resolutions 3 and 4.
• All resolutions passed with requisite majority.

AGM Details

• Held 21 September 2026 at 3:00 PM IST via VC/OAVM.
• Concluded at 3:44 PM IST.
• Remote e-voting provided; results to be declared within two working days.

Key Resolutions

• Resolution 1: Adopt standalone and consolidated financial statements (Ordinary).
• Resolution 2: Declare final dividend of Rs 0.10 per share (Ordinary).
• Resolution 3: Re-appoint Ankur Agrawal as director by rotation (Ordinary).
• Resolution 4: Approve Material Related Party Transactions (Special).
• Resolution 5: Authorize private placement of securities (Special).

Voting Results

• Resolution 1: Outcome pending; results to be announced.
• Resolution 2: Outcome pending; dividend awaiting final approval.
• Resolution 3: Outcome pending; re-appointment subject to approval.
• Resolution 4: Outcome pending; RPTs await approval.
• Resolution 5: Outcome pending; private placement authorization awaiting results.

AGM & AR access

• 44th AGM scheduled for Sept 21, 2026 at 3:00 PM IST via video conferencing.
• Web-link with exact path to Annual Report and AGM Notice available on company site.

Shareholder communications

• Reminder to update KYC details and email addresses for electronic communications.

Dividend tax withholding and payout details

• Board recommended final dividend of 5% (Rs 0.10 per share) for FY2025-26, subject to AGM approval.
• Record date for entitlement: Sept 14, 2026; share register closed Sept 15–21, 2026.
• Dividend, if approved, will be paid after TDS deduction at applicable rates.
• TDS for resident shareholders: 10% with valid PAN; 20% without PAN or other higher-rate scenarios.
• NIL/lower TDS possible for residents with conditions: dividend cap Rs 10,000 or Form 121 with PAN.
• Non-residents: FII/FPI TDS 20% or treaty rate, whichever is lower.
• Other non-residents: TDS per Section 393(2) with possible treaty rates after documents.
• Required documents: PAN, TRC, Form 41/121 as applicable; compliance evaluated by company.
• Company may adjust TDS based on completeness of documents; refunds via income tax return if over-deducted.
• For direct credit, update bank details and KYC; payments to be made electronically.

Financial performance

• Standalone revenue from operations: ₹16.11 crore (₹1,610.75 Lakhs).
• Consolidated revenue from operations: ₹16.11 crore (₹1,610.75 Lakhs).
• Standalone net profit after tax: ₹7.49 crore.
• ROE: 7.48%.
• CAR: 69.96%.
• PAT rose 47% YoY to ₹7.49 crore.
• Revenue grew 21% YoY to ₹16.11 crore.
• Net worth: ₹100.14 crore.
• Total asset size: ₹107.02 crore, down 3% YoY.
• Earnings per share: Basic 0.86; Diluted 0.86.

Capital structure & liquidity

• Debt-to-equity ratio: 0.04x (gearing).
• Standalone borrowings: ₹436.50 Lakhs; Consolidated borrowings: ₹2,186.33 Lakhs.
• Cash and cash equivalents: ₹122.06 Lakhs; Bank balances: ₹271.33 Lakhs.
• Capital adequacy ratio: 69.96%.
• Net debt position described in note disclosures.

Dividend & AGM

• Final dividend: ₹0.10 per equity share (5%).
• AGM: 21 September 2026 via VC/OAVM.
• Record date for dividend: 14 September 2026.
• Dividend payable within 30 days, subject to TDS.

Business developments & strategy

• Diversified lending platform: Consumer Durable Loans and digital LAS / Mutual Funds.
• Launched Consumer Durable Loans; Easy Mobile Financing for smartphones.
• Strengthened digital infra across onboarding, underwriting, disbursement, servicing.
• Net worth crossed ₹100 crore; broader growth trajectory underway.
• Expanded reach via partnerships and tech-led distribution across urban, semi-urban markets.

Governance & risk management

• Board: five directors; three independent; two executive; CFO elevated to Executive Director.
• Audit Committee reconstituted; Chair: Sanjeev Kumar Pandey; four meetings in FY25-26.
• Risk Management Committee in place; post-year-end TCWG and ALCO formed.
• CEO/CFO certifications affirm compliance; internal controls robust.
• Independent Directors confirm continued independence; annual evaluation conducted.

Related party transactions

• Special resolutions to approve material RPTs with multiple related parties.
• RPTs include inter-corporate loans/deposits, guarantees, and security on arm's length basis.
• Audit Committee reviewed RPTs; omnibus approvals for repetitive transactions.
• Proposed RPT values disclosed per related party; detailed annexures in Notice.

Audit & governance

• Statutory Auditor: M/s A. R. Sodha & Co.; no material qualifications.
• Secretarial Auditor: M/s Mitesh J. Shah & Associates; MR-3 report annexed; no qualifications.
• Internal Auditor: M/s AHSP & Co. LLP; reports quarterly to Audit Committee.
• Board meetings: six; committee meetings: twelve; high governance standards.

AGM details

• Date/time: 21 September 2026, 03:00 PM IST.
• Mode: Video Conference / Other Audio-Visual Means.
• Book closure: 15–21 September 2026.
• Record date for dividend/ AGM: 14 September 2026.
• Remote e-voting: 18–20 September 2026.

Ordinary business

• Adopt standalone and consolidated financial statements for FY 2025-26.
• Declare final dividend with Rs 0.10 per share (5% of face value).
• Re-appointment of Ankur Agrawal (retiring by rotation).

Special business

• Approve material related party transactions in ordinary course, on arm’s length terms.
• Authorize Board to finalize and execute RPTs per Annexure I.
• Authorize private placement of securities up to Rs 300 crore.

Dividend details

• Dividend, if approved, payable electronically within 30 days post-AGM.
• Tax deduction at source to be applied as per IT rules.

Director changes

• Ankur Agrawal to be re-appointed; retires by rotation; remuneration disclosed in Explanatory Statement.

Material related party transactions

• RPT framework covers multiple related parties with inter‑corporate loans/deposits, guarantees, and security.
• Proposed aggregate values disclosed for several counterparties; several are arm’s‑length, ordinary‑course entries.

Other material approvals

• No auditor/secretarial/cost auditor changes indicated in this notice.
• RPT approvals subject to SEBI LODR and Companies Act compliance.

Voting results

• Results to be declared within two working days after AGM.
• Voting window (remote e-voting) is Sept 18–20, 2026.