Sakthi Finance Limited has disclosed the approval of payment of commission to a Non-Executive Director during its Annual General Meeting, as required by regulations. The company also announced the issuance of Redeemable Cumulative Preference Shares on a private placement basis, subject to the authorized share capital.
The members of the Company have, at the 69th AGM held today, i.e., Saturday, 26 September 2026, approved the payment of Commission of one per cent on the net profits of the Company for the financial year 2026 - 2027 (1 April 2026 - 31 March 2027) to Dr Sundarasamy Veluswamy (DIN: 05314999) Non-Executive, Non-Independent Director of the Company.