PFC 40th AGM on 31 Aug 2026; Final Dividend, Board Appointments & Higher Borrowing Limit Approved
Power Finance Corporation Limited (PFC) successfully concluded its 40th Annual General Meeting on 31 August 2026 through video conferencing. Shareholders approved all eight resolutions with comfortable majorities.
The company had provided remote e-voting from 28 to 30 August 2026. Scrutinizer Smt. Indrani Chaudhuri submitted her report, and PFC filed the results with the stock exchanges on 1 September 2026.
Key Decisions Approved
|
Resolution |
Type |
Outcome |
Votes in Favour |
|---|---|---|---|
|
Adoption of Financial Statements (FY 2025-26) |
Ordinary |
Passed |
96.62% |
|
Interim + Final Dividend for FY 2025-26 |
Ordinary |
Passed |
99.52% |
|
Re-appointment of Shri Shashank Misra |
Ordinary |
Passed |
83.06% |
|
Fix Statutory Auditors’ remuneration |
Ordinary |
Passed |
90.87% |
|
Appointment of Shri Rajesh Kumar Agarwal as Director (Finance) |
Ordinary |
Passed |
89.96% |
|
Appointment of Shri V. Packirisamy as Director (Commercial) |
Ordinary |
Passed |
82.83% |
|
Appointment of Shri Pankaj Gupta as Independent Director |
Special |
Passed |
84.64% |
|
Enhancement of Borrowing Limit (Section 180) |
Special |
Passed |
99.998% |
Highlights for Investors
-
Dividend: Final dividend for FY 2025-26 was declared along with confirmation of the interim dividend.
-
Board Strengthened:
– Shri Rajesh Kumar Agarwal joins as Director (Finance)
– Shri V. Packirisamy joins as Director (Commercial)
– Shri Pankaj Gupta appointed as Independent Director
– Shri Shashank Misra re-appointed on retirement by rotation -
Borrowing Powers: Shareholders gave near-unanimous approval to enhance the company’s borrowing limit under Section 180 of the Companies Act.
-
Promoter group voted 100% in favour of every resolution. Overall voter turnout was approximately 87%.
All ordinary resolutions received more than 50% votes in favour, and both special resolutions comfortably crossed the three-fourths majority threshold.
Source: Official intimation and Scrutinizer’s Report filed by Power Finance Corporation Ltd. on 01 September 2026.