Mukesh Babu Financial Services Ltd

AGM Details

• AGM held on 12 August 2026; mode: remote e-voting and e-voting at the meeting.

Results & Scrutinizer

• Voting results and Scrutinizer's report annexed with the filing.

AGM Details

• AGM held Aug 12, 2026 at 4:00 p.m. via VC/OAVM.
• Remote e-voting period Aug 8–11, 2026.

Ordinary resolutions

• Ordinary: Adoption of audited financial statements and reports for FY2025-26.
• Ordinary: Declaration of dividend for FY2025-26 at Rs 1.20 per share.
• Ordinary: Re-appointment of Mukesh Babu on retirement by rotation.

Special/related party resolutions

• Special: Approval of material related party transactions.
• Ordinary: Approval of material related party transactions of subsidiary Mukesh Babu Securities Limited with identified related parties.
• Special: Approval of remuneration to be paid to Mr. Mukesh Babu, MD, for remaining two years.

Voting outcomes

• All resolutions passed with requisite majority per Scrutinizer's report.

Board approval & results scope

• Board approved unaudited standalone and consolidated results for Q1 FY27 ended June 30, 2026.
• Limited Review Report by M/s Chaitanya C. Dalal & Co. attached.
• Board meeting held July 31, 2026 from 04:00 to 04:30 Hrs.
• Results are for Quarter ended June 30, 2026; standalone and consolidated.
• Copy of results and limited review report enclosed.

Overview

• 41st AGM scheduled for 12 August 2026 via video conferencing.
• NBFC-ND registered with RBI; classified as Base Layer NBFC under SBR.
• One material subsidiary: Mukesh Babu Securities Limited (51.62% holding).

Financial performance

• Standalone total income ₹12.73 crore; PAT ₹3.97 crore.
• Consolidated total income ₹24.01 crore; PAT ₹5.19 crore.
• Earnings per share: standalone ₹5.70; consolidated ₹9.09.

Capital and dividends

• Paid-up equity capital ₹6.97 crore.
• Dividend proposed ₹1.20 per share; outflow ₹8.37 crore.
• Transfer to RBI statutory reserve ₹0.79 crore.

Subsidiary performance

• Mukesh Babu Securities Limited: authorised capital ₹5 crore; paid-up ₹5 crore.
• Subsidiary net profit ₹2.36 crore in FY2025-26.
• Holding percentage in subsidiary 51.62%.

Governance & controls

• Board of six directors; one Executive, four Independent; female director present.
• Audit Committee: five directors; four Independent; four meetings in year.
• Statutory auditor: Chaitanya C. Dalal & Co; no qualifications; internal audit by V. R. Pandya & Co.

Related party transactions

• Material related party disclosures made; Audit Committee approvals obtained.
• Key related parties include Istaa Fashions, Istaa Finserv, Sagar Systech, Venus Green Recycling.
• Intra-group loans and investments disclosed; 2026-27 RPT limits up to ₹1.5 crore per party.

CSR activities

• CSR spend ₹7.00 lakh; set-off ₹4.17 lakh; no current CSR obligation.
• CSR focus areas: education, health, hunger alleviation, women and differently-abled.
• CSR policy and projects disclosed; annual CSR report in Annexure-C.

Outlook and risks

• NBFC base layer; growth pursued with caution to preserve asset quality.
• Outlook positive for Indian financial services; regulatory and macro risks acknowledged.
• Management emphasizes risk controls, recoveries, and cost discipline.

Shareholder and AGM details

• Book closure: 6–12 Aug 2026; dividend payment within 30 days post AGM.
• Remote e-voting window: 8–11 Aug 2026; cut-off 5 Aug 2026.
• Dividend tax to be deducted at source; residents may claim reduced rates via forms.

AGM Details

• 41st AGM on 12 August 2026 at 4:00 PM, via VC/OAVM.
• Register of Members closed 6–12 August 2026.
• AGM conducted via VC/OAVM per MCA circular.

Ordinary Business Resolutions

• Adoption of Audited Financial Statements and Directors’ and Auditors’ reports.
• Declaration of dividend for FY2025-26: ₹1.20 per equity share.
• Re-appointment of Mukesh Babu as director, retiring by rotation.

Special Business: Related Party Transactions

• Approval of material RPTs with related parties for loans and brokerage, cap ₹15 crore per party.
• RPTs cover loans and brokerage with related parties; period Apr 1, 2026 to AGM 2027-28; board to finalize terms.
• No related party shall vote on Item 4.
• RPTs for Mukesh Babu Securities Limited with related parties; cap ₹15 crore.

Special Business: MD Remuneration

• Remuneration for remaining two-year term: fixed ₹15 lakh per annum, plus 5% of net profit.
• Subject to approvals under Companies Act Schedule V and applicable rules.

Dividend Details

• Dividend proposal: ₹1.20 per equity share for FY2025-26.

Voting & Results

• Voting results to be declared after AGM.
• Results and Scrutinizer’s report to be posted on company and exchange websites.

Directors & Auditors

• No auditor appointment changes disclosed in this filing.
• MD remuneration requires special resolution under Schedule V.

Record Date for Dividend

• Record date set for Wednesday, August 05, 2026.
• Dividend, if declared at AGM, will be paid within 30 days after AGM.
• AGM date: August 12, 2026.

Book closure details

• Book closure: Aug 06, 2026 to Aug 12, 2026 (inclusive).
• Purpose: AGM and dividend entitlement.
• Register of Members and share transfer books will remain closed.

AGM Details

• AGM date and time: 12 August 2026, 4:00 PM, via Video Conference/OAVM.
• E-voting cut-off: 05 August 2026.
• Remote e-voting window: 08–11 August 2026, 09:00 AM to 05:00 PM.