Pioneer Investcorp Ltd

AGM details

• Date 30 September 2026, time 12:00 PM, via VC/OAVM.

Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financials.
• Resolution 2 (Ordinary): Re-appointment of Saraswathy Sadasivan as director.
• Resolution 3 (Special): Issue of NCDs up to Rs 300 crore via private placement.

Voting results

• Resolution 1: Passed in favour, 100%.
• Resolution 2: Passed in favour, 100%.
• Resolution 3: Passed in favour, 100%.

Director changes

• Saraswathy Sadasivan reappointed as director (retiring by rotation).

AGM Details

• Date and mode: 30 September 2026, video conference/AV means, deemed venue at registered office.
• Start time 12:00 PM to 12:25 PM, including 15 minutes for venue voting.
• Total attendees: 95.
• Chair: Gaurang Gandhi; Company Secretary: Riddhi Sidhpura.
• Statutory Auditor present: Rahil Dadia.

Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Saraswathy Sadasivan by rotation.
• Special: Issuance of secured or unsecured redeemable debentures up to ₹300 crore via private placement.

Attendee & Governance

• Chair presiding: Mr. Gaurang Gandhi; Company Secretary: Ms. Riddhi Sidhpura.
• Statutory Auditor present: Rahil Dadia.

Financial snapshot

• Standalone total income Rs 4087.69 lakh; PAT Rs 1079.60 lakh.
• Consolidated total income Rs 5486.19 lakh; PAT Rs 1591.10 lakh.
• Standalone revenue from operations Rs 3433.43 lakh; PAT Rs 1079.60 lakh.
• Consolidated revenue from operations Rs 4689.26 lakh; PAT Rs 1591.10 lakh.
• Basic EPS: standalone 8.78; consolidated 12.94.

Dividend & capital allocation

• Dividend for FY2025-26 not recommended.
• No transfer to reserves for FY2025-26.
• CSR obligation Rs 7.16 lakh; spend Nil; carry forward Rs 19.84 lakh.

Debt & liquidity

• Standalone borrowings Rs 5,095.79 lakh; consolidated Rs 10,539.48 lakh.
• Net debt standalone Rs 5,692.40 lakh; gearing 28.31%.
• Consolidated gearing 58%.
• Cash and cash equivalents: standalone Rs 29.45 lakh; consolidated Rs 55.09 lakh.
• No breach of debt covenants.

Subsidiaries & associates

• Wholly owned: Infinity.Com Financial Securities Limited.
• Wholly owned: PINC Finserve Private Limited.
• Wholly owned: Pioneer Money Management Limited.
• Wholly owned: Pioneer Wealth Management Services Limited.
• Wholly owned: Pioneer Fundinvest Private Limited.
• Wholly owned: E-Ally Securities (India) Private Limited.
• Material subsidiary: Infinity.Com Financial Securities Limited.

Governance & leadership

• Board: six directors; three independent; MD Gaurang Gandhi.
• Statutory auditors: Jayesh Dadia & Associates LLP; Secretarial auditor: Vineeta Patel & Co.
• Independent Directors meet eligibility criteria; no disqualifications reported.

Related party transactions

• Transactions largely with wholly owned subsidiaries; arm's length.
• Remuneration to directors and KMP disclosed; Audit Committee oversight.
• Loans/advances to related parties disclosed; details in notes.

Audit & internal controls

• Standalone audit: no qualifications; Consolidated audit: no qualifications.
• Internal financial controls adequate but require formal documentation.

CSR & ESG

• CSR policy disclosed on the company website.
• CSR obligation Rs 7.16 lakh; expenditure Nil; carry forward Rs 19.84 lakh.

Outlook & risks

• India to remain among fastest-growing economies; global risks include energy, geopolitics.

AGM Details

• Date and time: 30 September 2026, 12:00 Noon
• Mode: VC/OAVM; registered office deemed venue
• Book closure: 24 September 2026 to 30 September 2026
• Cut-off date for voting: 23 September 2026
• Remote e-voting: 26 September 2026 09:00 to 29 September 2026 17:00

Resolutions put to vote

• Ordinary: Adopt standalone and consolidated financial statements with board/auditors reports
• Ordinary: Re-appointment of Saraswathy Sadasivan (retiring by rotation)
• Special: Issue and allotment of Redeemable NCDs up to Rs 300 crore via private placement

Voting results

• Voting results not disclosed in this filing

Director changes

• Ms Saraswathy Sadasivan to be considered for re-appointment (DIN 03056502)

Other material approvals

• Board authorized to determine terms of NCD issue (tranches, investors, rate, utilization)

Financial results

• Un-audited standalone and consolidated Q1 ended 30 June 2026 approved with Limited Review Report.

Director re-appointment

• Re-appointment of Mrs. Saraswathy Sadasivan as Non-Executive Director, subject to AGM approval.

NCD issuance

• Approval to issue and allot NCDs up to Rs 300 crore on private placement, subject to AGM approval.

AGM notice and governance documents

• Notice of 41st AGM, Directors Report, Corporate Governance Report and related annexures for year ended 31 March 2026.

Dematerialisation status

• Securities dematerialised in the quarter were furnished to the stock exchanges.
• RTA certificate confirms processing of dematerialisation.
• Dematerialised securities have been listed on stock exchanges.
• Physical certificates were mutilated and cancelled; depository substituted as registered owner in records.