The 32nd Annual General Meeting (AGM) of IFCI Limited was successfully held on October 29, 2025, via video conference. Key agenda items included the adoption of audited financial statements and the appointment/re-appointment of directors and auditors. The meeting saw active participation from members, directors, and stakeholders. Members approved key resolutions related to financial results and leadership appointments.
Annual General Meeting Highlights
IFCI Limited convened its 32nd Annual General Meeting (AGM) on October 29, 2025. The meeting was conducted via video conference, adhering to guidelines issued by regulatory bodies. The proceedings included a review of the company’s performance and several key resolutions.
Key Attendees and Opening Remarks
The Company Secretary introduced the Directors present, including Shri Rahul Bhave (Managing Director & CEO), Shri Umesh Kumar Garg, Shri Arvind Kumar Jain, and Shri Rajeev Sachdev. The Chairman confirmed the presence of a quorum and welcomed members, directors, auditors, and stakeholders. Shri Rahul Bhave served as the Chairman for the meeting.
Financial Statement Adoption
A primary agenda item was the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2025. These statements, along with the reports of the Board of Directors and Auditors, were duly considered and adopted.
Director and Auditor Appointments
The AGM included resolutions for the appointment and re-appointment of key personnel:
- Appointment of a Director in place of Shri Arvind Kumar Jain, retiring by rotation.
- Fixing the remuneration of the Statutory Auditor(s).
- Appointment of Shri Rahul Bhave as Managing Director & Chief Executive Officer.
- Appointment of Shri Shailesh Kumar as Government Director.
- Appointment of Shri Rajeev Sachdev as Director liable to retire by rotation.
- Appointment of M/s Surya Gupta & Associates as Secretarial Auditor.
Member Engagement and Conclusion
Members were given the opportunity to pose questions and seek clarifications on the agenda items. The Chairman thanked the members for their participation and declared the meeting concluded at 11:51 A.M.. Voting was conducted electronically.
Source: BSE
