Mudra Financial Services Ltd

AGM Details

• AGM held on 17 September 2026 at 12:00 PM.
• Mode: physical meeting with remote e-voting and venue ballot voting.
• Venue: 3rd Floor, Vaastu Darshan, B Wing, Azad Road, Andheri East, Mumbai.

Resolutions and outcomes

• Resolution 1: Ordinary – Adopt Audited Financial Statements for year ended March 31, 2026; passed.
• Resolution 2: Ordinary – Re-appoint Atul Jain as director; votes by interested parties excluded; passed.
• Resolution 3: Special – Re-appoint Dipen Prabhat Maheshwari as Managing Director; passed.

Directors & MD changes

• Director re-appointment: Atul Jain (DIN 00096052) re-appointed.
• Managing Director: Dipen Prabhat Maheshwari re-appointed.

Scrutinizer & governance

• Scrutinizer: Gohil Tejas & Co. Chartered Accountants appointed for e-voting and poll.

AGM Details

• Date and time: 17 September 2026, 12:00–12:30 IST.
• Mode: Physical meeting at Vaastu Darshan, Andheri East, Mumbai.
• Total attendees: 7 members attended the AGM.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Atul Jain on rotation.
• Special: Re-appointment of Dipen Prabhat Maheshwari as Managing Director.

Voting Details

• Voting conducted by remote e-voting and ballot at AGM.
• Scrutinizer appointed; results to be posted on company, NSE and NSDL websites.

Director Changes

• Atul Jain reappointed as director.
• Dipen Prabhat Maheshwari reappointed as Managing Director.

Book Closure Details

• Book closure period: Sep 11, 2026 to Sep 17, 2026 (inclusive).
• Purpose: Annual General Meeting on Sep 17, 2026.
• Event date: AGM on Sep 17, 2026 at 12:00 IST.
• Security: Equity Shares.

AGM & corporate actions

• 32nd AGM slated Sep 17, 2026 at 12:00 PM.
• Cut-off date for voting: Sep 11, 2026.
• Remote e-voting from Sep 13 to Sep 16, 2026.
• Notice and annual report accessible on MudraFinancial.in.
• Proxies allowed for attendance and voting.

Financial highlights

• Total revenue FY26: ₹9,231.90k.
• Revenue from operations: ₹7,235.18k; other income: ₹1,996.72k.
• PAT: ₹1,643.58k; prior year ₹2,568.52k.
• Earnings per share: ₹0.33 (basic/diluted).
• Dividends not declared for FY25-26.
• Net cash from operating activities: ₹3,177.80k.

Capital & balance sheet

• Share capital: ₹50,100.00k; total equity: ₹107,341.32k.
• Reserves: ₹57,241.32k; statutory reserve: ₹9,942.38k.
• CRAR: 100.22%; Tier I: 100.22%.
• No borrowings from banks or financial institutions.
• Total assets: ₹109,043.94k.

Operations & assets

• Loans outstanding (net): ₹87,385.86k.
• Investments: ₹14,733.64k.
• Cash and cash equivalents: ₹1,299.61k.
• Trade receivables: ₹130.09k.
• Stock in trade: nil.
• Single operating segment; no reportable segments.

Governance & board changes

• Independent Director Dipti Nikhil Chheda appointed May 22, 2025.
• Atul Jain reappointed as Non-Executive Director July 1, 2025.
• MD Dipen Maheshwari reappointment proposed for 2027–2030.
• Board committees (Audit, NRC, SRC) active with meetings.
• KMPs unchanged; independence maintained.

Related party transactions

• Related party transactions are arm's-length and disclosed.
• Rent paid to Rajveer Trading LLP: ₹120.00k.
• MD remuneration: ₹1,651.03k; CFO remuneration: ₹646.86k.
• Company Secretary Kinjal Gandhi: ₹696.39k.
• No outstanding balances with related parties.

Risk, outlook & compliance

• Outlook: NBFCs face asset quality and funding risks; digital underwriting offers opportunities.
• Boutique NBFC with controlled scale; cautious on digital integration.
• Internal controls are adequate; no fraud reported.
• Regulatory: RBI capital adequacy maintained; CRAR above minimum.
• Vigil mechanism in place; no whistle-blower complaints.

AGM Details

• AGM date/time/venue: 17 Sep 2026, 12:00 PM, at registered office Mumbai.
• Books/record dates: Register of Members and Share Transfer Books closed 11-17 Sep 2026.

Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 Mar 2026.
• Ordinary: Re-appoint Atul Jain as Director by rotation.
• Special: Re-appoint Dipen Prabhat Maheshwari as MD for 3 years (Apr 1, 2027–Mar 31, 2030).
• Special: Board may alter terms within approved limits.
• Special: Remuneration up to Rs 30 Lakh per annum.

Other Information

• Notes: Remote e-voting Sep 13–16, 2026; record date Sep 11, 2026.

Board decisions & results

• Board approved Q1 FY2027 unaudited results for quarter ended Jun 30, 2026; limited review conducted.
• Dipen Maheshwari re-appointed as Managing Director for 3 years from Apr 1, 2027; subject to shareholder approval.
• 32nd AGM scheduled for Sep 17, 2026 at Andheri East, Mumbai.
• Board meeting duration 3:00 PM to 3:45 PM.
• Unaudited Q1 FY2027 results; FY2026 audited results included; Q1 FY2025 unaudited.
• EPS: basic/diluted 0.26 for Q1 FY2027; 0.15 for Q1 FY2026; 0.19 for FY2026.
• Annexure A notes limited review by Sampat & Mehta LLP; no audit opinion expressed.
• Single primary segment: Financial Services; Ind AS 108 not applicable.
• Annexure B details: MD re-appointment; not liable to retire by rotation; age 40; MBA in finance.
• MD not related to directors; not debarred by SEBI.

Mudra Financial Services board meeting details not disclosed in filing

Compliance status

• Dematerialisation requests received during quarter ended 30 June 2026 were confirmed to depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled; depository's name substituted as registered owner within 30 days.