Notice convening the 41st Annual General Meeting of the Company on Monday, September 29, 2025 through VC/OAVM.
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Asit C Mehta Financial Services Ltd has called its 41st AGM for Monday, September 29, 2025 at 11:00 AM, to be held entirely through video conferencing. Shareholders will vote on adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, and on re-appointing Mrs. Deena Asit Mehta (DIN: 00168992), who retires by rotation. A new Secretarial Auditor, M/s. Hemanshu Kapadia & Associates, is proposed for appointment for five consecutive years (FY2025-26 to FY2029-30). Key special business includes seeking shareholder approval to lend up to Rs. 50 crore to subsidiary companies under Section 185, and to convert up to Rs. 40 crore of unsecured loans from promoters and promoter group into equity shares as part of a proposed rights issue. The company is also seeking approval for material related party transactions of up to Rs. 77.50 crore with subsidiary Asit C Mehta Investment Interrmediates Limited and up to Rs. 55.50 crore with holding company Cliqtrade Stock Brokers Private Limited.
This is a standard AGM notice bundling several governance and capital-structure decisions. The proposed promoter loan-to-equity conversion tied to a rights issue could alter shareholding patterns and dilute existing non-promoter shareholders, while the related-party transaction approvals (totalling around Rs. 133 crore) formalize ongoing dealings with group entities. Retail investors should focus on resolutions 4, 5, 6, and 7, as they carry the most material financial implications.