Satin Creditcare Network Ltd

AGM Details

• Date and time: August 2, 2026, 11:00 AM.
• Mode: VC/OAVM; held via video conferencing.
• Eligibility cut-off for e-voting: July 31, 2026.
• Remote e-voting: Aug 4–6, 2026; AGM voting open 15 minutes after meeting.

Key Resolutions

• Resolution 1 (Ordinary): Adopt audited financials and reports for year ended March 31, 2026.
• Resolution 2 (Ordinary): Reappointment of Satvinder Singh by rotation.
• Resolution 3 (Special): Issuance of Non-convertible Debentures on private placement.
• Resolution 4 (Special): Revision in remuneration of Dr Harvinder Pal Singh.

Voting Results

• Resolution 1: Approved with near-unanimous support.
• Resolution 2: Approved; 99.72% in favor.
• Resolution 3: Approved; 99.90% in favor.
• Resolution 4: Approved; 94.00% in favor; promoter votes not counted.

Dividend

• No dividend declared.

Director Changes

• Satvinder Singh retires by rotation; offered for reappointment.
• Remuneration revision: Dr Harvinder Pal Singh.

Auditor Appointments

• No change in auditors reported.

Material Related Party Transactions

• No material related party transactions approved.

AGM Details

• Date and time: 7 August 2026, 11:00 a.m. IST.
• Mode: VC/OAVM; deemed venue: Registered Office.
• Duration: concluded at 11:43 a.m. IST.
• Remote e-voting: 4–6 August 2026; cut-off date: 31 July 2026.
• Notice and Integrated Annual Report dispatched; accessible on company and CDSL websites.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY 2025-26.
• Re-appoint director retiring by rotation (Satvinder Singh).
• Issue non-convertible debentures on a private placement basis.
• Revise remuneration of Chairman cum Managing Director.

Voting Status

• E-voting results to be submitted to stock exchanges.
• Consolidated Scrutinizer’s Report to be published on company and CDSL websites.

Auditors & Directors

• Statutory auditors attended AGM; no appointment changes disclosed.
• Secretarial auditors attended AGM; no appointment changes disclosed.

Relief drive details

• SCNL commits ₹1 crore for flood relief across Assam.
• Relief operations cover approximately 200 villages in Sivasagar, Charaideo and Jorhat.
• 15 relief vehicles flagged off to support on-ground operations.
• Around 150 employees mobilised to coordinate distribution.
• SCNL has operated in Assam since 2017, with branch network across the state.
• As of 30 June 2026, SCNL operated 2,041 branches with 18,518 employees.
• Consolidated client base amounts to approximately 34 lakh.

Meeting Details

• Date & time: Friday, July 31, 2026 at 11:00 AM IST.
• Type & mode: Group earnings call; virtual meeting.

Participants

• Company participants: Chairman cum Managing Director and senior management.

Purpose

• Purpose: Discuss Q1 FY27 unaudited standalone and consolidated results and outlook.

Additional Notes

• Organiser: JM Financial Institutional Securities Limited.
• Event: Q1FY27 Earnings Conference Call with Satin Creditcare Network Limited.

Meeting Details

• Date: July 30, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Trading window closure until 48 hours after the declaration of financial results.

Other Notes

• Intimation of board meeting issued on July 27, 2026.

Overview

• Standalone BRSR for FY2025-26; Satin Creditcare is a microfinance NBFC.
• Joint Liability Group model for collateral-free microfinance to women in rural/semi-urban areas.
• Standalone reporting boundary; no consolidation with other entities.
• Microfinance Services account for 86.63% of total turnover.
• 1,841 offices nationwide across 30 states; no international offices.
• Over 3.2 million clients; 97%+ are economically active women.

Key ESG Risks & Opportunities

• Collateral-free lending increases credit risk; mitigated by data analytics and internal audits.
• Financial inclusion focus expands outreach and investor interest.
• Robust underwriting and client protection improve portfolio quality and trust.
• Governance oversight via CSR & ESG Committee; board-approved policies.
• ISO 27001 and strong cybersecurity governance protect data privacy.
• Diversified funding reduces liquidity risk; potential higher costs in downturns.
• Climate risks to borrowers; opportunities in sustainable finance and efficiency gains.
• Employee well-being programs support engagement and retention.
• Human rights due diligence conducted; no significant concerns identified.

Governance & Policy Highlights

• CSR/ESG Committee chaired by MD; board oversight of ESG matters.
• Nine NGRBC principles policy framework; board-approved policies including anti-bribery and human rights.
• ISO 27001 and UNGP-aligned Human Rights Policy adopted.
• Anti-Bribery & Anti-Corruption Policy with public web link.
• PwC conducted independent policy assessments in 2025-26.
• NGRBCs reviewed annually; compliance monitored via internal audits.
• No penalties or adverse regulatory actions reported.
• RPT and conflict-of-interest policies govern related-party transactions.
• Independent directors underwent governance familiarization programs.

Social Responsibility & Workforce

• Total employees 16,714; permanent 16,212; female share 4.92%.
• 541 women hired and 230 promoted in 2025-26.
• Board includes 1 female director out of 6 members.
• Health benefits include Mediclaim and ESIC; creche facility near corporate office.
• Permanent staff turnover 65.09% in 2025-26.
• LTIFR nil; 63 total injuries; 23 employee fatalities.
• Atoot Bandhan grievance mechanism; 8–10 day resolution target.
• Parental leave: return-to-work 93.2%; retention 79.56%.

Environmental Performance

• Total energy 6,57,078 units; renewable 94,796; non-renewable 5,62,282.
• Scope 1 emissions 90.26 tCO2e; Scope 2 emissions 3,601.63 tCO2e.
• Total Scope 1+2 intensity: 0.00000013 tCO2e per rupee turnover.
• Total Scope 3 emissions 7,219.55 tCO2e.
• Water withdrawals 5,639 kilolitres; third-party water 5,247 kilolitres.
• E-waste disposed 2,416.8 kg; recycled 2,416 tonnes; no hazardous waste.
• Total waste generated 10,300 tonnes; disposed 7,884 tonnes; recycled 2,416 tonnes.
• Going paperless; solar rooftop installation; NATCAT and stakeholder assessments.

Stakeholder Engagement & Complaints

• Key stakeholder groups: customers, employees, investors, regulators, communities, lenders, media, analysts.
• Engagement channels: center meetings, investor meets, emails, website; frequency ongoing/quarterly/annual.
• Customer grievances: 1,852 filed in 2025-26; 0 pending at year-end.
• Employee grievances: 229 filed in 2025-26; 0 pending at year-end.
• POSH complaints: 1 in 2025-26; 0 upheld; 0.12% of female staff.
• Public policy engagement via Sa-Dhan, MFIN, ASSOCHAM, and others.

Other Notable Metrics

• CSR projects: Girls’ hostel (74 beneficiaries); Women empowerment program (1,000).
• Affiliations: Sa-Dhan, MFIN, ASSOCHAM, FIDC; national reach.
• RPT metrics: 0.06% of total sales to related parties; 1.70% loans to related parties.
• Digital initiatives: near 100% paperless branch operations; in-house ERP development.
• Public policy engagement with RBI/SEBI; CMD active in industry associations.

Financial performance

• Consolidated total income INR 3,160.9 Cr; standalone INR 2,824.6 Cr.
• Consolidated PAT INR 332 Cr; up 79% YoY.
• Consolidated AUM INR 15,174 Cr; YoY +19%.
• Consolidated RoA 2.56%; RoE 12.28%.

Growth & footprint

• 392 new branches; total 1,841 branches across 30 states/UTs.
• Kerala entry announced in June 2026 to expand regional presence.

Significant business developments

• QTrino acquisition: STL stake 50.84% (70.67% diluted).

Dividend & capital allocation

• Dividend: Board did not declare dividend for FY2025-26.
• 20% of PAT to Statutory Reserve: INR 6,041.62 Lakhs.

Governance & leadership

• CFO changes: Amit Kumar Gupta appointed Feb 9, 2026.