Shri Niwas Leasing Announces AGM Agenda and Capital Restructuring Proposals

The 41st Annual General Meeting of Shri Niwas Leasing and Finance Ltd is set for September 22, 2026, featuring key proposals for capital structure adjustments and leadership continuity.

Reader Takeaway: Shareholders will vote on preferential NCPS issuance and capital re-classification to optimize company financial structure.

What just happened

The Board of Directors at Shri Niwas Leasing and Finance Ltd has approved several major corporate actions ahead of its 41st Annual General Meeting (AGM). The company intends to issue unlisted 1% Non-Convertible Preference Shares (NCPS) on a preferential basis and execute a re-classification of its authorized share capital. These proposals require formal approval from shareholders during the meeting scheduled for September 22, 2026.

Leadership and Governance

The board has recommended the re-appointment of Ms. Rajni Tanwar as the Managing Director, noting that her current term is ending by rotation. To oversee the upcoming e-voting process, the firm has appointed M/s B Kaushik & Associates as the official Scrutinizer. The board also reviewed and approved the audited financial statements for the fiscal year ended March 31, 2026.

AGM Logistics and Voting

The AGM will be conducted virtually via Video Conferencing or Other Audio-Visual Means starting at 03:00 P.M. IST. Investors must be aware of the cut-off date of September 14, 2026, which determines the eligibility of members to cast their votes on these corporate proposals. The ratification of the Secretarial Auditor is also included in the agenda for member approval.