Abirami Financial Services Ltd. Board Approves Appointments and Corporate Actions
Abirami Financial Services India Ltd. held its Board Meeting on April 27, 2026, where the board took several key resolutions regarding corporate governance, directorship appointments, and routine statutory compliance. The meeting saw the board approve the nomination of Mr. Santhosh Veerappan for additional and independent directorship roles, alongside approving related party transactions.During the session, the board of directors reviewed and took note of the quarterly compliance reports and the reconciliation of the share capital audit report.
Key Directorship Appointments
A significant outcome of the meeting was the proposal for Mr. Santhosh Veerappan (DIN-11638469) to be appointed both as an Additional Director and subsequently as an Independent Director. Following the proposal, the board passed resolutions endorsing both candidatures.Mr. Santhosh Veerappan was profiled as a distinguished Company Secretary and corporate governance professional with 10 years of experience in regulatory affairs, finance, and secretarial compliance. His expertise spans the Ministry of Corporate Affairs (MCA), Registrar of Companies (ROC), and major Stock Exchanges. He is noted for his track record in managing board proceedings and actively promoting financial literacy through programs under the aegis of the National Stock Exchange (NSE). Furthermore, the board confirmed that Mr. Veerappan is not debarred from holding office by any SEBI Order.
Operational and Governance Resolutions
The board also took steps to facilitate the shareholder process for the Independent Director appointment, passing resolutions to consider and approve the draft notice of the Postal Ballot. Additionally, the board appointed Ms. Sindhuja Porselvam of M/s. Porselvam and Associates as the Scrutinizer for conducting the Postal Ballot process and fixed the cut-off date for determining members eligible to vote.In terms of corporate management, the board approved related party transactions in compliance with Section 188 of the Companies Act, 2013. The board also authorized Mrs. Chitra Sivaramakrishnan, Whole-time Director, to file necessary forms with statutory authorities.
The resolutions passed during the meeting covered a range of corporate activities, which were summarized below:
| S. No. | Business Particulars | Resolution Passed | Key Action Details |
|---|---|---|---|
| 1 | Taking on record compliance documents (MBP-1, DIR-8, Audit Reports) | Yes | Approved all necessary statutory documentation. |
| 2 | Proposing Mr. Santhosh Veerappan as Additional Director | Yes | Proposal passed with unanimous board approval. |
| 3 | Reviewing quarterly compliance reports | Yes | Compliance reports were noted by the board. |
| 4 | Authorizing filing of Forms with statutory authorities | Yes | Mrs. Chitra Sivaramakrishnan was authorized to file necessary forms. |
| 5 | Proposing Mr. Santhosh Veerappan as Independent Director | Yes | Proposal passed with unanimous board approval. |
| 6 | Postal Ballot Notice for Independent Director Appointment | Yes | Approved the draft notice for shareholder consideration. |
| 7 | Appointing Scrutinizer for Postal Ballot | Yes | Ms. Sindhuja Porselvam (M/s. Porselvam and Associates) was appointed. |
| 8 | Fixing Cut-off Date for Voting | Yes | A date was fixed to determine members eligible to vote. |
| 9 | Approving Related Party Transaction | Yes | Approved the transaction in compliance with Section 188. |
The meeting commenced at 12:00 P.M. and concluded at 2:45 P.M.
Stock Price Movement
As of 15:06, Abirami Financial Services India Ltd. is ticking up, currently trading at ₹31.00, up 2.48% for the day. The shares today moved through a noticeable intraday range, testing lows of ₹31.00 after hitting an intraday high of ₹31.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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