KIFS Financial Services Ltd

Director re-appointment

• Re-appointment of Mr. Vimal P. Khandwala as executive director.
• Effective date: September 29, 2026; term not applicable.
• Reason: Re-appointment due to retirement by rotation.
• Profile: Executive director since Jan 2021; commerce graduate; stock broking, fund management.
• Relationship: Brother of Rajesh Parmanand Khandwala.

AGM Details

• AGM held on 29 September 2026 at 4:00 PM IST via VC/OAVM
• Record date: 22 September 2026
• Remote e-voting 26–28 September 2026, with on-day AGM voting

Resolutions Presented

• Adoption of financial statements (ordinary resolution)
• Declaration of final dividend (ordinary resolution)
• Re-appointment of director retiring by rotation (ordinary resolution)

Voting & Outcomes

• Item 1 passed by majority; no significant dissent
• Item 2 passed; final dividend approved
• Item 3 passed; director re-appointment approved

Dividend Details

• Final dividend declared on equity shares

Directors

• Director retiring by rotation re-appointed
• Term of re-appointment not specified
• Related to the managing director

Auditors & Related Parties

• No changes to statutory/secretarial/cost/internal auditors reported
• No material related party transactions disclosed

Other Approvals

• No other material approvals noted

AGM details

• 31st AGM held Sept 29, 2026 at 4:00 pm IST via VC/OAVM.
• Record date fixed Sept 22, 2026.
• Remote e-voting window: Sept 26–28, 2026.
• Scrutinizer: M/s. Yati Mittal & Associates, Delhi.
• Meeting concluded 4:10 pm IST; e-voting open until 4:25 pm.

Ordinary resolutions

• Adopt audited financial statements for year ended March 31, 2026.
• Declare final dividend on equity shares for year ended March 31, 2026.
• Re-appoint director retiring by rotation: Vimal Parmanand Khandwala.

Voting status

• Voting results to be submitted separately; final results will be disclosed on the company website.

KIFS Financial Services Limited trading window closed from October 1, 2026 till 48 hours after the unaudited financial results of the company for the quarter and half year ending on September 30, 2026 have been disseminated to the stock exchange.

Book closure and AGM details

• Book closure: Sep 23, 2026 to Sep 29, 2026 (inclusive).
• Purpose: for the 31st AGM and final dividend payable for FY 2025-26, if declared.
• Record date: Sep 22, 2026, for AGM and dividend entitlement.
• Remote e-voting eligibility fixed for Sep 22, 2026.
• AGM date: Sep 29, 2026, 04:00 PM IST via VC/OAVM.
• Security: Equity shares.
• Dividend payment: final dividend, if declared.

Financials FY2025-26

• Revenue from operations: ₹3,599.44 lakh; total income: ₹3,599.78 lakh.
• Net profit: ₹798.58 lakh; EPS: ₹7.38.
• PBT: ₹1,076.17 lakh; tax: ₹277.59 lakh.
• Net profit margin: 22.19%; ROE: 12.60%.
• PBT / total income: 29.90%.
• Revenue growth: 23.61% YoY.
• Cash flow from operations: ₹-154.57 crore.
• Investing cash flow: ₹+2.59 crore; Financing cash flow: ₹-1.62 crore.
• Net cash change: ₹-153.60 crore.
• Final dividend: ₹1.55 per share; ₹167.68 lakh; record date 22 Sep 2026.
• AGM: 31st AGM on 29 Sep 2026 via VC/OAVM.
• Deposits not accepted; NBFC RBI compliance maintained.
• Total issued share capital: ₹1,081.80 lakh; Authorized capital: ₹11 crore.

Dividend & capital returns

• Final dividend ₹1.55 per share; aggregate ₹167.68 lakh.
• Record date: 22 Sep 2026.
• Dividend payable within 30 days post AGM.

Capital structure & liquidity

• Authorized share capital ₹11 crore; paid-up ₹10.818 crore.
• Equity share capital ₹1,081.80 lakh; total equity ₹6,337.55 lakh.
• Borrowings ₹38,182.52 lakh.
• Cash and bank balance ₹2,316.10 lakh.
• Total assets ₹45,108.08 lakh; net worth ₹6,337.55 lakh.

CSR & governance

• CSR committee: MD (chair) with independent directors; meetings held.
• CSR spend ₹19.50 lakh; CSR obligation ₹19,32,716; unspent Nil.
• IEPF transfer ₹38,432; 1,75,500 shares transferred.
• CSR policy details available on company website.

Governance & audit

• Statutory auditors: Bimal Shah Associates; Secretarial: Prachi Bansal; Internal: Parikh Shah.
• Board meetings: five in FY2025-26.
• Secretarial audit: MR-3; annual secretarial compliance report attached.
• No penalties or adverse audit remarks reported.

Market data & shareholding

• Promoter group stake: 74.41% (Khandwala).
• Dematerialization: 99.57% of shares; ISIN INE902D01013.
• Demat split: NSDL 89.45%, CDSL 10.12%, physical 0.43%.
• Shares traded: 1,47,994 during the year.

Outlook & risks

• NBFC sector outlook: funding and liquidity challenges amid regulatory shifts.
• RBI emphasizes governance, risk management, compliance.
• Digital expansion to improve efficiency and reach.

AGM Details

• 31st AGM on Sep 29, 2026 at 4:00 PM IST via VC/OAVM.
• Record date for eligibility: Sep 22, 2026.
• Book closure: Sep 23–29, 2026 (inclusive).
• Remote e-voting period: Sep 26–28, 2026.

Key Resolutions

• Item 1: Ordinary adoption of financial statements for year ended Mar 31, 2026.
• Item 2: Ordinary declaration of final dividend for FY2025-26.
• Item 3: Ordinary re-appointment of Vimal Parmanand Khandwala (DIN 00477768) retiring by rotation.

Dividend

• Final dividend of ₹1.55 per share proposed; record date Sep 22, 2026; payable within 30 days if approved.

Director Changes

• Proposed re-appointment of Mr. Vimal Parmanand Khandwala as director liable to retire by rotation.
• Executive director since Jan 25, 2021; board recommends.