Meeting Details
• Date: September 2, 2023
• AGM Date: August 28, 2023
• Format: Video conference
• Company Secretary: Varsha Hardasani
• Chairperson: Siddhartha Mohanty
Key Highlights
• Introduction of Board Members and Senior Management
• Newly appointed MD & CEO: Shri T Adhikari
• Emphasis on member participation through remote e-voting
• No qualifications in auditors' report
Financial Performance Overview
• 4% increase in total disbursements
• 14% rise in revenue from operations
• 26% growth in profit after tax
• Focus on enhancing digital capabilities (Project RED)
Future Outlook
• Optimism for growth in the affordable housing sector
• Commitment to sustainable and profitable expansion
Shareholder Engagement
• Invitation for e-voting and Q&A session
• Concerns raised by shareholders:
• Low investment growth compared to competitors
• Status of digital transformation project
• Whistleblower policy
• Women's empowerment initiatives
Responses from Chairperson
• Ongoing digital transformation efforts
• Implementation of a whistleblower policy
• 33% of employees are women
• Commitment to sustainable growth and consistent dividend payments since 1989
Conclusion
• Dividend declared: Rs. 8.50 per share
• Appreciation for shareholder support and participation