Explicit Finance Ltd

Board actions

• Standalone unaudited results for quarter ended June 30, 2026 approved.
• AGM date, notices, and remote e-voting cut-off fixed.
• Scrutiniser for remote e-voting appointed.
• Ms. Dipali Rajendra Marathe appointed as additional Independent Director.
• Independent Director term five years from Aug 12, 2026, subject to shareholders approval.

Auditor remarks

• Independent Auditor's Limited Review: no material misstatement observed.

Financial results

• Un-audited standalone results for quarter ended June 30, 2026 approved

AGM and governance actions

• Fixed date, time and venue of AGM for FY ended March 31, 2026 approved
• Directors' report for FY ended March 31, 2026 approved
• Notice convening AGM along with Annual Report approved
• Cut-off dates fixed for dispatch of AGM notice and for remote e-voting
• Scrutiniser for remote e-voting and AGM voting appointed

Director appointment

• Ms. Dipali Rajendra Marathe appointed as additional director (Non-Executive Independent) w.e.f. 12 Aug 2026
• Term five years to 11 Aug 2031, subject to shareholders' approval
• DIN 11853543; not related to any director or KMP
• Not debarred from holding office by SEBI or any authority

Dematerialisation status for period

• Dematerialisation requests were confirmed as processed to depositories.
• Securities dematerialised have been listed on stock exchanges where existing securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name substituted as registered owner within 15 days.

Meeting Details

• Board meeting scheduled for Tuesday, 16 June 2026.
• Meeting location: registered office of Explicit Finance Limited.

Key Agenda Items

• Appointment of an Independent Director.

Other Notes

• No additional material items disclosed.

Financial results approved

• Audited standalone financial results approved for quarter and year ended 31 March 2026.
• Auditor issued an unmodified opinion on the audited standalone results.

Financial statements disclosed

• Standalone balance sheet disclosed for year ended 31 March 2026.
• Standalone cash flow statement disclosed for year ended 31 March 2026.

Business performance

• Revenue from operations for FY2026 was ₹327.08 lakh.
• Net loss for FY2026 was ₹0.87 lakh.
• Cash and cash equivalents fell to ₹25.88 lakh at 31 March 2026.

Resignation of Independent Director

• Ms. Neelam Bhanushali resigned as Independent Director effective 20 March 2026
• Resignation effective immediately due to personal reasons and unavoidable situations
• No other material reasons for resignation disclosed by the director
• Director vacates all board and committee memberships upon resignation
• No other listed entities disclosed where director holds directorships
• Resignation does not require regulatory or shareholder approval to take effect
• Company to file necessary forms with Registrar of Companies and Stock Exchange