Please find attached herewith the notice convening the 32nd Annual General Meeting(AGM) of Ashika Credit Capital Limited ("the Company") scheduled to be held on Saturday, 6th day of September, ....
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Ashika Credit Capital Ltd has notified the convening of its 32nd Annual General Meeting on Saturday, 6th September 2025 at 11:30 AM, to be held via Video Conferencing (VC/OAVM). The AGM covers ordinary business including adoption of audited financial statements (standalone and consolidated) for FY ended 31st March 2025 and re-appointment of Mr. Pawan Jain (DIN: 00038076) as director retiring by rotation. Special business includes re-appointment of Mr. Ajay Pratapray Shanghavi (DIN: 00084653) as Independent Director for a second 3-year term from 1st September 2025 to 31st August 2028, and appointment of M/s MR & Associates as Secretarial Auditors for 5 years starting 1st April 2025. A material related party transaction is also proposed to enhance the remuneration of Ms. Ishita Jain, Chief Business Officer (a related party), from ₹29.4 lakh to ₹1 crore per annum for 3 years. Remote e-voting via NSDL is open from 3rd September to 5th September 2025, with the cut-off date set as 30th August 2025.
For shareholders: the key item requiring attention is the related party resolution proposing a significant pay hike (up to ₹1 crore/year) for the CBO Ms. Ishita Jain. The director re-appointments and secretarial auditor appointment are routine corporate housekeeping items. No immediate stock price impact is expected from the AGM notice itself.