Minolta Finance AGM corrigendum adds director vote in 2026

What Minolta Finance disclosed to exchanges

Minolta Finance Ltd informed stock exchanges that it has issued a corrigendum to the notice of its 34th Annual General Meeting (AGM). The corrigendum relates to the AGM scheduled for September 30, 2026. The company said the original AGM notice was dated September 8, 2026 and had already been emailed to shareholders. According to the disclosure, an agenda item was inadvertently omitted from that notice. The corrigendum adds a special resolution that shareholders will vote on at the AGM. The company also published a newspaper advertisement regarding this corrigendum, citing compliance requirements.

Corrigendum: what changed in the AGM agenda

The corrigendum adds a special resolution seeking approval for a change in designation of Mrs. Kunjal Gala. The proposal is to re-designate her from Non-Executive Director to Executive Director. Minolta Finance stated that the original AGM notice should be read together with this amendment. It also clarified that all other items in the AGM notice remain unchanged. The company communicated the update to BSE and the Calcutta Stock Exchange. The disclosure frames the addition as a corrective step rather than a change to the rest of the meeting agenda.

Proposed appointment details and tenure

Under the proposed resolution, shareholders are asked to approve the appointment of Mrs. Kunjal Gala as Executive Director for a five-year term. The term is stated to commence from September 30, 2026 and run until September 29, 2031. The corrigendum also notes that she will be liable to retire by rotation. The rationale provided is to enable her to take a more active role in day-to-day management and executive functions. The proposal was placed before the Board based on the recommendation of the Nomination and Remuneration Committee.

How and when the 34th AGM will be held

Minolta Finance said the 34th AGM will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). The company referenced compliance with the Companies Act, 2013 and SEBI regulations for conducting the meeting in this format. The AGM is scheduled for September 30, 2026 at 11:00 am IST. The company also indicated that the Annual Report (including audited financial statements for the year ended March 31, 2025) will be dispatched only by email to shareholders whose email addresses are registered with their Depository Participants. These process points matter because they determine how shareholders can access documents and participate.

Voting cut-off date and book closure window

The company disclosed a clear cut-off date for determining voting rights. Shareholders holding shares as on close of business hours on September 23, 2026 are eligible to vote, including through remote e-voting and voting at the AGM. Minolta Finance also disclosed book closure dates for its Register of Members and Share Transfer Books. The register will remain closed from September 24, 2026 to September 30, 2026, both days inclusive. The company referenced Regulation 42 of SEBI (LODR) Regulations, 2015 for the book closure.

Key dates and decisions at a glance

Why AGM corrigendums and advertisements matter

Under SEBI (LODR) Regulations, companies are expected to disclose material information and ensure shareholders receive proper notice for voting items. Minolta Finance’s exchange filing and the related newspaper publication reflect this compliance workflow. For shareholders, the practical impact is straightforward: the corrigendum introduces a fresh decision point, and shareholders need to factor it into how they vote. The disclosure also reinforces that shareholders should read the original notice along with the corrigendum, since the corrigendum does not replace the entire AGM notice. The use of VC/OAVM and email-only dispatch also highlights how shareholder communications remain largely digital in such meetings.

Financial context disclosed alongside AGM updates

The company’s AGM-related updates come at a time when its recent financial performance has also been in focus in public disclosures. Minolta Finance reported a net loss of ₹1.4281 crore for the financial year ended March 31, 2026. This was a reversal from a profit of ₹0.0122 crore in the previous year, as stated in the provided information. While the corrigendum is a governance item, investors often read such notices alongside operating and financial trends. The company is described as having been incorporated in 1993 and engaged in lending and capital market investments. It is also described as a systemically important non-deposit-taking NBFC registered with the Reserve Bank of India and classified as a base-layer NBFC under the Master Direction.

Market and investor takeaways

The immediate market relevance of the corrigendum is that it expands what shareholders will vote on at the September 30, 2026 AGM. Governance changes, particularly executive roles, can matter for oversight and accountability, which is why such resolutions are closely read even in smaller listed entities. The stock was indicated at ₹1.26 with a -4.55% move in the provided information, though the disclosure itself is procedural rather than a financial forecast. Separately, the same information set also references that proceedings of the 34th AGM included approvals such as a name change to Wagad Finance, a registered office shift to Maharashtra, and a new managing director appointment. Those outcomes were referenced as part of AGM proceedings, distinct from the earlier corrigendum notice.

Conclusion

Minolta Finance’s corrigendum to its 34th AGM notice adds a special resolution for shareholders to vote on the re-designation of Mrs. Kunjal Gala as Executive Director for five years starting September 30, 2026. With the cut-off date set as September 23, 2026 and book closure from September 24 to September 30, eligible shareholders will need to follow the VC/OAVM process and voting timelines communicated by the company. The AGM is scheduled for September 30, 2026 at 11:00 am IST, and the company has stated that the original notice and corrigendum should be read together for the final agenda.