Anupam Finserv AGM 2026: ₹0.80 Cr Warrants Plan

What changed and why it matters

Anupam Finserv Limited has rescheduled its 35th Annual General Meeting (AGM) to September 30, 2026, citing administrative reasons. The AGM is set to be held through Video Conferencing or Other Audio-Visual Means (VC/OAVM) at 12:15 pm. The revised schedule is important because the meeting agenda includes shareholder approvals linked to a promoter preferential issue, senior management remuneration, and material related-party transactions.

The company issued a corrigendum on September 7, 2026 to update the original AGM notice dated August 12, 2026. Alongside the meeting update, the company also referenced its annual report for FY2025-26 and earlier disclosures around quarterly results for the period ended June 30, 2026.

Rescheduled 35th AGM: date, mode, and voting window

The 35th AGM will now take place on September 30, 2026. Anupam Finserv has stated that the meeting will be conducted via VC/OAVM, which aligns with the virtual format used for earlier shareholder meetings referenced in its announcements.

For shareholders, the key operational dates relate to remote e-voting. Remote e-voting is scheduled to open on September 27, 2026 and close on September 29, 2026. This voting window matters because multiple resolutions require shareholder consent, including a preferential issue of warrants and approvals that can fall under stricter regulatory thresholds.

Preferential warrants: size, pricing, and allottee

A central item on the AGM agenda is a preferential allotment of convertible warrants. The Board proposes issuing up to 40,00,000 fully convertible warrants to promoter Pravin Nanji Gala for an aggregate consideration of ₹0.80 crore. The revised issue price in the corrigendum is ₹2.00 per warrant, changed from ₹1.92.

The corrigendum also specifies the “relevant date” as August 31, 2026 for determining the floor price. Structurally, each warrant is convertible into one equity share. The conversion tenure stated is 18 months from the date of allotment, setting a clear outer timeline for potential equity issuance.

Payment terms and what happens if warrants are not exercised

The payment structure disclosed follows the standard preferential warrant framework. Investors subscribing to the warrants must pay 25% upfront, which at the revised price works out to ₹0.50 per warrant. The balance is payable at the time of conversion.

The company has also outlined the consequence of non-exercise within the tenure. If the holder does not exercise the warrants within the 18-month period, the initial payment is forfeited. This structure links cash inflow timing to both subscription and eventual conversion.

Proposed use of funds

Anupam Finserv has stated multiple uses for the proceeds from the warrant issue. These include growth initiatives, credit granting, repayment of debt, and working capital needs.

Because the instrument is convertible, the timing and final amount deployed can depend on how and when conversion happens. Still, the stated use cases are directly tied to the company’s financing business model, where working capital and lending capacity play a central role.

Dilution and promoter holding impact

The company has provided expected post-issue shareholding changes on a fully diluted basis. The promoter group’s holding is stated to increase from 51.747% to 52.744% upon full conversion of the warrants. Pravin Nanji Gala’s individual shareholding is stated to rise from 21.751% to 23.366%.

The company has also disclosed the promoter’s existing share count. Pravin Nanji Gala currently holds 4,12,75,700 shares (21.751%). Upon conversion of all 40,00,000 warrants, his holding would increase to 4,52,75,700 shares (23.366%).

Remuneration approval for MD Siddharth Gala (FY27 to FY29)

Another key AGM item is approval of the remuneration package for CEO and Managing Director Siddharth Gala for three financial years from April 1, 2026 to March 31, 2029. The disclosed package includes a basic salary of ₹1,25,000 per month and performance-linked incentives up to 5% of net profits.

The company has noted that shareholder approval is required because the payout may exceed limits under Section 197 of the Companies Act, 2013. This makes the resolution a compliance-driven item, not only a pay review.

Related-party transactions: limits, counterparties, and interest range

Shareholders will also be asked to approve material related-party transactions up to ₹5 crore each with entities including Nipra Trading Private Limited and GM Mercantile Private Limited. The transactions described involve loans and borrowings.

The interest rates disclosed for these loans and borrowings range between 9% and 15% per annum. Because these are presented as “material” related-party transactions, shareholder consent is positioned as a prerequisite for proceeding within the stated limits.

Financial performance context: Q1FY27 numbers disclosed

In parallel with the governance agenda, Anupam Finserv has reported an improvement in quarterly performance. For Q1FY27, the company reported a 63.9% year-on-year increase in standalone net profit to ₹0.5615 crore. Revenue from operations increased 46.5% to ₹1.7027 crore, with the company attributing the growth primarily to a 69.7% rise in interest income.

The unaudited financial results were approved by the Board of Directors in a meeting held on August 12, 2026. The Board meeting also covered the fund-raise proposal, which later appeared in AGM materials through the notice and corrigendum.

Key facts table

Company profile and regulatory positioning

Anupam Finserv was incorporated in 1991 and operates in finance and leasing. The company is registered as a non-deposit-taking, Non-Systemically Important, Base Non-Banking Finance Company (NBFC). This regulatory category typically shapes how the company raises funds, manages leverage, and discloses certain activities.

The September 30 AGM agenda combines capital-raising, managerial remuneration approvals, and related-party transaction limits, which together form a standard set of governance items for a listed NBFC when it seeks flexibility to fund growth and manage group-level transactions within defined ceilings.

Conclusion

Anupam Finserv’s rescheduled 35th AGM on September 30, 2026 puts shareholder approvals at the center of its next set of corporate actions, including a ₹0.80 crore promoter warrant issue at ₹2.00 per warrant, MD remuneration for FY27 to FY29, and related-party transaction limits up to ₹5 crore each. With remote e-voting set for September 27 to 29, the immediate next milestone is the shareholder vote, following the corrigendum issued on September 7, 2026.