Notice of 31st Annual General Meeting (AGM) to be held on Thursday, September 25, 2025
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Aryaman Financial Services Ltd will hold its 31st AGM on Thursday, September 25, 2025, at 11:30 AM via Video Conference (VC)/OAVM. Ordinary business includes adopting the audited financial statements (standalone and consolidated) for FY 2024-25 and re-appointing Mr. Shreyas Shah (DIN: 01835575), who retires by rotation. Special business includes the appointment of M/s. JNG & Co. LLP as Secretarial Auditors for a second term of 5 years (FY 2025-26 to FY 2029-30). The company is also seeking shareholder approval to raise its overall borrowing limit to Rs. 100 Crores under Section 180(1)(c), allow conversion of loans into equity, and create charges/mortgages on company assets. Material related party transactions of up to Rs. 50 Crores each are proposed with the holding company (Mahshri Enterprises Pvt Ltd), subsidiary Aryaman Finance (India) Ltd, subsidiary Escorp Asset Management Ltd, and group company Roopshri Resorts Ltd. Additionally, the company seeks approval to advance loans or provide guarantees up to Rs. 100 Crores under Section 185, and to increase the remuneration of two whole-time directors, Mr. Shripal Shah and Mr. Shreyas Shah, to Rs. 84 Lakhs per annum each with effect from April 1, 2025.
If approved, these resolutions will give the company wider borrowing capacity (up to Rs. 100 Crores) and flexibility to enter into large related party transactions, which minority shareholders may want to scrutinize for fairness. The proposed increase in remuneration of the two whole-time directors is also notable, though the absolute amounts remain modest. The remote e-voting window runs from September 21 to September 24, 2025, and investors should review all resolutions before voting.