IFCI Ltd

Special Window details

• SEBI special window to transfer/demat physical securities held before 1-Apr-2019.
• Window period spans one year from Feb 5, 2026 to Feb 4, 2027.
• Eligible shareholders may apply to IFCI Limited or its Registrar and Transfer Agent.
• Requests can be sent to IFCI Limited's New Delhi address or MCS Share Transfer Agent Limited.
• During the window, re-lodged transfers will credit in demat mode to transferees.
• Securities already transferred to Investor Education and Protection Fund are excluded.
• Lock-in applies; transfers credited to demat during window cannot be pledged or lien-marked.
• Lodgement requirements follow SEBI master circular; circular and company site links provided.
• Authorised signatory: Priyanka Sharma, Company Secretary; dated 14 Oct 2026; New Delhi.

Dematerialisation status

• All dematerialisation requests received during the period were processed.
• Securities dematerialised have been listed on stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled.
• The depository's name has been substituted as registered owner in the records.
• Completed within the prescribed 15-day timeline.

Director cessation

• Director retirement: Prof. Narayanaswamy Balakrishnan ceases as Non-Executive, Non-Independent Director.
• Effective date: Sep 25, 2026; reason: retirement by rotation.

AGM details

• Date and mode: 25 Sep 2026, 11:30 AM through VC/OAVM.
• Meeting duration: 11:30 to 11:46 IST.
• Record date: 18 Sep 2026.

Key resolutions

• Adoption of standalone and consolidated financial statements approved.
• Not to fill vacancy by rotation due to retirement approved.
• Remuneration of statutory auditor approved.
• Appointment of Manikumar Sivaramakrishnan as Deputy Managing Director approved.
• Appointment of Dilip Singh Punia as Independent Director approved (special resolution).

Voting results by resolution

• Resolution 1: 99.8355% assent; 0.1645% dissent.
• Resolution 2: 99.9951% assent; 0.0049% dissent.
• Resolution 3: 99.9881% assent; 0.0119% dissent.
• Resolution 4: 97.9523% assent; 2.0477% dissent.
• Resolution 5: 98.4867% assent; 1.5133% dissent.

Director and management changes

• Manikumar Sivaramakrishnan appointed Deputy Managing Director.
• Dilip Singh Punia appointed Independent Director.
• Vacancy by retirement not filled by rotation.

Auditor matters

• Remuneration of statutory auditor approved.

33rd AGM resolutions (held 25 September 2026)

• The company adopted the Audited Standalone financial statements for year ended March 31, 2026.
• The company adopted the Audited Consolidated financial statements for year ended March 31, 2026.
• The vacancy caused by retirement of Prof. Narayanaswamy Balakrishnan will not be filled by rotation.
• Remuneration of the Statutory Auditor(s) for the year was fixed.
• Manikumar Sivaramakrishnan was appointed Deputy Managing Director.
• Dilip Singh Punia was appointed Independent Director.

Independent Director Appointment

• Addendum introduces Item 5: appointment of Shri Dilip Singh Punia as Independent Director.
• GoI MoF/DFS letter dated Sep 10, 2026 appoints Punia for three years.
• Appointed Additional Director on Sep 15, 2026; effective Sep 11, 2026.
• Term is three years or until further orders; not subject to retirement by rotation.
• Nominated candidature notice received; board recommends Special Resolution.
• No remuneration other than sitting fee, if any.
• Profile highlights 38 years in higher education and public service.
• Does not hold IFCI shares; not related to other KMP.
• Fulfils independence criteria per Companies Act and SEBI Listing Regulations.
• Shareholder approval via Special Resolution will be sought at AGM.

Appointment of Additional Independent Director

• Shri Dilip Singh Punia appointed as Additional Independent Director, effective September 11, 2026, for three years.
• Not remunerated except possible sitting fees; GoI/DFS letter dated September 10, 2026 governs appointment.
• Not related to any existing director; not debarred by SEBI or other authorities.
• Profile: 38 years in higher education; M.Phil., M.Com (ABST), B.Com (Hons) from University of Rajasthan.
• Previous roles include Principal, Government Lohia College, Churu, and District Nodal Officer, College Education Dept.
• Relationship disclosure: not related to any director on board.
• Term: three years, or until further orders, whichever earlier.

Rating action and instruments

• Rating agency: ICRA Limited reaffirmed IFCI Limited's ratings.
• Fund-based/Non-Fund-based bank limits: B+.
• Long-term bonds including subordinated debt: B+.
• Commercial Paper: A4+.
• Rating action remains on Rating Watch with Developing Implications.