IFCI Limited has issued an addendum to its 33rd Annual General Meeting (AGM) notice, proposing the appointment of Shri Dilip Singh Punia as an Independent Director. This appointment is a special business item for the AGM, scheduled for September 25, 2026. Punia’s appointment follows a notice received by the company and is subject to shareholder approval via a special resolution.
IFCI Announces Board Addendum for AGM
IFCI Limited has circulated an addendum to the notice for its 33rd Annual General Meeting (AGM), scheduled for Friday, September 25, 2026. The meeting will be conducted via Video Conference (VC) or Other Audio-Visual Means (OAVM).
Special Business: Appointment of Independent Director
The primary purpose of this addendum is to present a special business item: the proposed appointment of Shri Dilip Singh Punia (DIN: 11943788) as an Independent Director on the Board of IFCI Limited. This proposal is in response to a written notice received by the company, as per the provisions of the Companies Act, 2013.
Director’s Background and Appointment Details
Shri Dilip Singh Punia was initially appointed as an Independent Director by the Government of India, Ministry of Finance, vide a letter dated September 10, 2026, for a three-year term. Subsequently, the Board of Directors appointed him as an Additional and Independent Director, effective from September 11, 2026. His appointment as an Independent Director requires shareholder approval through a special resolution at the upcoming AGM. The addendum confirms that all other particulars of the 33rd AGM notice remain unchanged.
Explanatory Statement
An explanatory statement has been provided, detailing Shri Punia’s qualifications and experience. He holds M.Phil., M.Com. (ABST), and B.Com. (Hons.) degrees from the University of Rajasthan and possesses over 38 years of experience in higher education and public service, including leadership roles as Principal and District Nodal Officer. The Board of Directors believes his appointment is in the company’s interest and that he fulfills the necessary independence criteria.
Source: BSE
