Satin Creditcare Network Ltd

Meeting Details

• Date: September 28, 2026.
• Type/Mode: Group meeting; Virtual (GroupMeet).
• Organizer: Bharat Connect Conference, Rising Stars – September 2026.
• Participants: Company officials (management) to attend.
• Purpose: Analyst/investor interaction; reference to June 30, 2026 investor presentation.

Materials / Availability

• Investor Presentation for quarter ended June 30, 2026 referenced during meeting.
• Copy submitted to stock exchanges and available on company website.

Investment details

• Satin Growth Alternatives invested ₹5 crore in Indic Wisdom via NCDs and CCPS.
• Date of investment: 9 September 2026; first deployment under SGAL's fund strategy.

Strategic and operational impact

• Investment to scale Indic Wisdom's manufacturing capacity.
• Aims to expand offline distribution and pan-India reach.
• Indic Wisdom revenue grows more than 2x annually.
• ARR target: ₹200 crore in the next 12 months.

Investment structure and governance

• Investment structure: NCDs and CCPS.
• First deployment under SGAL's quasi-debt and equity-linked strategy.
• Led by SGAL with Prajakta Khare and Kaustubh Khare.

Outlook and next steps

• Plan to leverage Satin's branch network for distribution expansion.
• Indic Wisdom to scale manufacturing and achieve growth milestones.

Meeting Details

• Date: September 3, 2026; Physical; Delhi; Conference: Phillip Capital’s Market Marvel Event (Investing Beyond the Headlines, Group Meet).

Participants

• Company officials to participate.

Purpose

• Analyst/institutional investor meeting; reference June 30, 2026 investor presentation.

Additional Notes

• Investor Presentation for June 30, 2026 quarter submitted to stock exchanges; available on company website.

Meeting Details

• Date: September 2, 2026; Time: not disclosed.
• Type/Mode: Physical group meet.
• Event: Elara Capital's Ashwamedh – Elara India Dialogue 2026.
• Key participants: company officials incl. Company Secretary & Chief Compliance Officer.
• Purpose: investor conference participation; refers to June 30, 2026 investor presentation.
• Presentation: Investor Presentation already submitted to exchanges; available on company website.

Fund milestone

• First close achieved within four and a half months of SEBI registration.
• Fund targets India's Missing Middle with quasi-debt and equity-linked capital.
• Commitments received from HNIs and institutional investors.
• Participants include Blueboard, Paisalo, Nupur Recyclers Limited, Tomorrow's India, and SCNL.
• SGAL leverages Satin Group’s distribution reach for verification and topline push.
• Emphasis on women-led ventures, sustainability, and inclusive development.
• Aims to generate attractive risk-adjusted returns with downside protection.
• First close signals momentum for Satin Group's impact-focused investments.

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.

Management changes

• Appointment of Paramjit Singh Nayyar as Chief Human Resource Officer and Senior Management Personnel, effective 06 Aug 2026.
• Recommended by the Nomination and Remuneration Committee.
• Profile: 26+ years HR experience; ex-CHRO at Hero Housing Finance.
• MBA in HR; prior leadership roles at Bharti AXA, Apollo Munich, Bharti Airtel.
• Induction as Trustee of Satin Employees Welfare Trust; Trust Deed variation.
• Disclosure of relationships between directors: Not Applicable.
• Board/committee impact: Nayyar to be Trustee; reconstitution of Trust Board.

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.

Financial Performance

• Consolidated AUM at INR 15,935 crores; +27% YoY, +5% sequential.
• Stand-alone AUM INR 13,312 crores; +22% YoY.
• Consolidated disbursements INR 3,495 crores; +56% YoY.
• Stand-alone disbursements INR 3,008 crores; +46% YoY.
• Consolidated total income INR 827 crores; +22% YoY.
• Stand-alone total income INR 734 crores; +21% YoY.
• Consolidated PAT INR 123 crores; +172% YoY.
• Stand-alone PAT INR 120 crores; +182% YoY.
• Stand-alone NIM 14.36%; gross yield 22.44%; cost of funds 8.08%.
• Operating expense ratio 6.33%; cost-to-income 44.49%.
• AUM per loan officer up 29% YoY.
• Stand-alone ROA 3.55%; ROE 15.10%.
• GNPA stand-alone 2.2%; Net NPA 0.3%.
• Stage 3 coverage 85%; overall provision coverage 115%.
• Credit cost 3.06% for quarter; overlay INR 36 crores; excl overlay 1.97%.
• On-book provision INR 250 crores vs RBI requirement INR 152 crores.
• CRAR 26.74%; undrawn sanctions INR 2,600 crores.
• Borrowings: 77 active lenders; top 10 account for 52%.

Operating / Segment Update

• Non-MFI portfolio now 19% of consolidated AUM; target 30% by 2030.
• Satin Finserv AUM INR 1,360 crores; +134% YoY; +29% sequential.
• Satin Housing Finance AUM INR 1,263 crores; +31% YoY.
• Satin Housing Finance CRAR 59.8% across 57 branches in 22 states.
• Satin Technologies first quarter with paying HRMS customers; QTrino Labs milestone.
• Core banking platform development complete; UAT; go-live targeted for Q2 FY27.
• Satin Growth Alternatives advancing Category 2 AIF; first deployment next quarter.
• Kerala operations commenced; 41 standalone branches added this quarter.
• 34 lakh clients across 2,041 branches and 3.9 lakh centers; 18,518 employees.
• Field leadership attrition zero; ~200 regional managers across the network.

Balance Sheet and Cash Flow

• Capital adequacy (CRAR) 26.74%; undrawn sanctions INR 2,600 crores.
• Direct assignment sanction limit INR 2,000 crores.
• ECB outstanding INR 1,573 crores; 100% hedged; FX impact booked in finance cost.
• Net worth INR 3,243 crores.
• Undrawn sanctions total of INR 2,600 crores; liquidity poised for growth.

Projects and Capex

• Core banking platform ready; UAT completed; go-live targeted Q2 FY27.
• Satin Technologies: HRMS paying customers; QTrino Labs milestone reached.
• Kerala expansion completed; 41 new standalone branches; strengthens South India presence.

Guidance and Outlook

• FY27 guidance: consolidated AUM growth 20% to 25% by March 2027.
• FY27 stand-alone credit cost 3% to 3.5% on a reported basis.
• FY27 stand-alone ROA 3.5% to 4% on a reported basis.
• Long-term target: INR 32,000 crores consolidated AUM by 2030; 30% non-MF.

Q&A Highlights

• Management overlay buffer: INR 36 crores; buffer size not fixed; depends on macro conditions.
• ROA expected to improve quarter-on-quarter; management aims to beat conservative guidance.
• Assam portfolio: INR 149 crores affected; ~INR 96.95 crores nat cat insured; 40k borrowers.
• Collections in Assam broadly on target; 3 flood-affected districts are exceptions.
• New branches take ~9 months to reach 1,000 customers; profitability rule-of-thumb.