StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting9 Oct 2026, 04:51 pm

Poonawalla Fincorp Board Approves Q2 FY27 Results, Reappoints Director

AI Summary

Poonawalla Fincorp Ltd announced that its Board of Directors, following a recommendation from the Audit Committee, has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also disclosed statements regarding the deviation/variation in the use of Qualified Institutional Placement proceeds and security created for non-convertible securities. Additionally, the Board approved the re-appointment of Ms. Kemisha Soni as an Independent Director for a second term of three years, effective January 30, 2027, subject to shareholder approval via a postal ballot. An investor presentation will be shared separately.

Key Highlights

  • Board approved unaudited financial results for Q2 FY27 and H1 FY27.
  • Disclosures made on QIP proceeds deviation and security for NCDs.
  • Re-appointment of Independent Director Ms. Kemisha Soni approved.
  • Re-appointment is for a three-year term starting January 30, 2027.
  • Shareholder approval required for the director's re-appointment.