Scrutinizer report in connection with the AGM held on 26.09.2025
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Aastamangalam Finance Ltd (formerly Upasana Finance Ltd) held its 40th Annual General Meeting on September 26, 2025, via video conferencing. Four resolutions were put to vote through e-voting (CDSL platform), and all were passed with overwhelming majority. Resolutions 1 to 3 (adoption of FY25 audited financials, reappointment of director Ms. Rekha M Jain, and appointment of A.K. Jain & Associates as Secretarial Auditors for 5 years) received 99.99% votes in favor. Resolution 4 (approval of related party transactions under Section 188 and SEBI LODR Regulation 23) received 99.80% votes in favor, with 2 promoters holding 44,25,813 shares abstaining from voting on this resolution. The scrutinizer was A.K. Jain & Associates, represented by Mr. Pankaj Mehta.
Routine procedural filing confirming smooth conduct of the AGM with near-unanimous shareholder approval across all agenda items. The related party transaction resolution passing with reduced voting pool (due to promoter abstention) is standard and does not signal any governance concern.