U. Y. Fincorp holds 32nd annual general meeting virtually

U. Y. Fincorp Limited successfully conducted its 32nd Annual General Meeting (AGM) on September 24, 2025, through video conferencing (VC), in compliance with regulatory provisions. The meeting, which commenced at 11:30 A.M. and concluded at 11:49 A.M., saw chairman Udai Kothari presiding over the proceedings. The company confirmed that a quorum was met as per Section 103 of the Companies Act, 2013, with members attending virtually.

Key resolutions transacted included the adoption of the Audited Financial Statements as of March 31, 2025, along with the reports from the Board of Directors and Auditors. Additionally, Dinesh Burman was re-appointed as a director, retiring by rotation and offering himself for re-appointment. The appointment of M/s. Prateek Kohli & Associates as secretarial auditor for a five-year term starting April 01, 2025, was also approved.

The company utilized remote e-voting, which was available from September 21, 2025, to September 23, 2025. M/s. SB Sheth & Associates were appointed as scrutinizers. The chairman provided an overview of the company's financial performance for the fiscal year 2024-25 and discussed the Indian economy's impact and opportunities within the NBFC sector.