Safa Systems Board Approves AGM Notice, Director Re-appointments, Fundraise Limit

Safa Systems & Technologies Ltd's Board of Directors met on August 19, 2026, approving the notice for the 5th Annual General Meeting (AGM) scheduled for September 11, 2026. Key approvals include the Director's Report for FY26, re-appointment of two Independent Directors (Mr. Sankaranarayanan Nair Sreejith and Mr. Bengolan Anilkumar), and a significant increase in borrowing power up to ₹500 crores. The board also approved the shifting of the registered office to the National Capital Territory of Delhi, subject to regulatory and shareholder approvals. Additionally, the preferential issuance of up to 23,90,000 equity shares at ₹20.47 per share, aggregating to ₹4.89 crores, to promoters was approved. Waivers for excess managerial remuneration paid to the Managing Director and a Non-Executive Director for FY25-26 were also sanctioned, along with approval for future managerial remuneration payments.