Sakthi Finance Members Approve Preference Share Issue

Sakthi Finance Ltd's members, at their 69th AGM held on September 26, 2026, approved the issuance of Redeemable, Cumulative Preference Shares (RCPS) on a private placement basis. The issuance will not exceed the company's authorized preference share capital of ₹50 crores. The tenure of these shares will be up to 20 years, with a coupon rate not exceeding 12% per annum. Additionally, the members approved a special resolution for the payment of commission to a Non-Executive, Non-Independent Director, Dr. Sundaraswamy Veluswamy, at 1% of net profits for FY 2026-27.