Abirami Financial Services India Ltd (511756)

Abirami Financial Services India Ltd announced the voting results of its 33rd Annual General Meeting held on September 18, 2026. A total of 3,747,043 votes (representing 69.39% of total outstanding shares) were cast, and all 5 resolutions were approved unanimously with 100% of votes in favour. Key approvals included the adoption of FY26 financial statements, declaration of a final dividend, and re-appointment of directors. Promoter turnout was 100% of their 3,545,000 shares, while public non-institutional turnout stood at 10.89% (202,043 shares).

• All 5 resolutions passed with 100% votes cast in favour (3,747,043 votes).
• Overall voter turnout was 69.39% of the total 5,400,000 outstanding shares.
• Promoter group polled 100% of their 3,545,000 shares.
• Public non-institutional turnout was 10.89% (202,043 shares out of 1,855,000 shares).
• A total of 34 shareholders attended the meeting via video conferencing.

Abirami Financial Services has submitted its 33rd Annual Report for FY25-26 and convened its Annual General Meeting (AGM) for September 18, 2026. The Board has recommended a final dividend of Rs 1.50 per equity share (15% on face value of Rs 10), subject to shareholder approval. The record date for determining dividend eligibility and e-voting is set for September 11, 2026. Against a share price of Rs 31.0, this proposed payout represents a dividend yield of approximately 4.8%.

• 33rd Annual General Meeting scheduled for September 18, 2026 via Video Conferencing
• Final dividend proposed at 15% (Rs 1.50 per equity share of face value Rs 10)
• Record date fixed for September 11, 2026 for dividend eligibility and AGM voting
• Book closure period scheduled from September 12, 2026 to September 18, 2026

Abirami Financial Services has approved the re-appointment of Mr. K.V. Aiyappan as Chairman and Non-executive Director. Two Independent Directors, Mr. A.K. Sabesan and Mrs. Revathi Sureshkumar, have been re-appointed for second 5-year terms starting September 30, 2026, subject to shareholder approval. The company also formally noted the retirement of Independent Director Mr. M.G. Bhaskar, effective June 15, 2026. These board changes occur in a micro-cap NBFC with a small financial footprint, reporting TTM revenue of just Rs 1 Cr.

• Re-appointment of two Independent Directors for a second term of 5 years each starting September 30, 2026.
• Retirement of Independent Director Mr. M.G. Bhaskar effective from the close of business on June 15, 2026.
• Re-appointment of Mr. K.V. Aiyappan as Chairman, who is related to the Whole-Time Director and another Non-Executive Director.
• The company operates at a very small scale with TTM revenue and PAT both at approximately Rs 1 Cr.

Abirami Financial Services reported a standalone net profit of ₹9.77 Lakhs for Q1 FY27. The Board has recommended a 15% equity dividend for FY26, which represents a significant payout relative to its annual earnings. Notably, the company holds ₹18.30 Cr in cash and cash equivalents, which is slightly higher than its total market capitalization of ₹17 Cr. Management changes include the re-appointment of the Chairman and two Independent Directors, alongside the retirement of one Independent Director.

• Net profit for the quarter ended June 30, 2026, recorded at ₹9.77 Lakhs.
• Recommended a 15% equity dividend for the financial year ended March 31, 2026.
• Cash and cash equivalents stood at ₹18.30 Cr as of June 30, 2026, against a market cap of ₹17 Cr.
• Total assets reported at ₹20.16 Cr with a net worth of approximately ₹19.64 Cr.
• 33rd Annual General Meeting (AGM) scheduled for September 18, 2026.

Abirami Financial Services has scheduled a board meeting for July 28, 2026, to approve its financial results for the quarter ended June 30, 2026. The board will also consider recommending a dividend for the financial year ended March 31, 2026. This is a significant event for the micro-cap NBFC, which has a market capitalization of just ₹18 Cr and reported a TTM PAT of ₹1 Cr. Additionally, the meeting will address the re-appointment of two independent directors and the retirement of another.

• Board meeting scheduled for July 28, 2026, to approve Q1 FY27 results.
• Consideration of dividend for the financial year ended March 31, 2026.
• Re-appointment of Mr. A.K. Sabesan and Mrs. Revathi Sureshkumar as Independent Directors for a second term.
• Retirement of Mr. M.G. Bhaskar as an Independent Director to be taken on record.
• Fixing of the date and venue for the 33rd Annual General Meeting (AGM).