Notice of 33rd AGM to the members of ICL Fincorp Ltd. - 28th September, 2024

Notice is hereby given that the 33rd Annual General Meeting (AGM) of the members of ICL Fincorp Limited (the Company) will be held on Saturday, 28 September 2024, at 12:00 p.m. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM) to conduct the following business:

Ordinary Businesses:

• ​Approval of audited standalone financial statements of the Company for FY24.
• Approval of audited consolidated financial statements of the Company for FY24.
• Declaration of preference dividend for FY24.

Dividend at an annual rate of 15% per Redeemable Non-Convertible Cumulative Preference Shares, as recommended by the Board of Directors, be and is hereby declared for the financial year ended March 31, 2024, on 2,84,000 Redeemable Non-Convertible Preference Shares of Rs.100/- (Rupees One Hundred Only).

• Appointment of a Director in place of Mr. K. G. Anilkumar (DIN: 00766739) who retires by rotation and is eligible, offers himself for re-appointment.
  
• Appointment of M/s. Mohandas & Associates, Chartered Accountants, as Statutory Auditors of the Company.
  

​M/s. Mohandas & Associates, (FRN. 002116S), Chartered Accountants to hold the office for 3 years from the conclusion of this Annual General Meeting till the conclusion of the 36th Annual General Meeting of the Company, to be held in the year 2027, at a consolidated remuneration of Rs.8,75,000/- (Rupees Eight Lakh Seventy Five Thousand Only), payable in one or more installments.

Special Businesses:​

• Dr. Rajashree Ajith (DIN: 01457369) was appointed as a director liable to retire by rotation.
  
• Appointment of Dr. Rajashree Ajith (DIN: 01457369), as Whole-Time Director and Key Managerial Personnel of the Company.
  

​Remuneration: Monthly remuneration of Rs. 8,33,333/- (Rupees Eight Lakhs Thirty-Three Thousand Three Hundred and Thirty-Three Only)

Perquisites: Accommodation; Office Car with Driver.

• ​Appointment of Mr. M.N. Gunavardhanan (DIN: 02326840), as an Independent Director of the Company.
  
• Reappointment of Mr. Shinto Stanly as an Independent Director of the Company.
  
• Revision in remuneration payable to Mr. K.G. Anilkumar, Managing Director of the Company.
  

​Remuneration Payable: Entitled to an aggregate amount of Rs.25,00,000/-per month (Rupees Twenty-Five Lakhs Only) by salary, perquisites, allowances, etc; and Entitled to a profit-related commission of not exceeding 1% on the net profits of the Company.

• ​Revision in remuneration payable to Ms. Umadevi Anilkumar, Whole-time Director and CEO of the Company.

​Remuneration Payable: Entitled to an aggregate amount of Rs.15,00,000/-per month (Rupees Fifteen Lakhs Only) by way of salary, perquisites, allowances, etc.; and Entitled to a profit-related commission of not exceeding 1% on the net profits of the Company.