1. Appointment of M/s. JNG & Co. LLP, as the Secretarial Auditor. 2. Overall Borrowing Limits U/S 180(1)(C) and Conversion Rights U/S62(3) of the Companies Act, 2013 3. Pursuant to ....
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Escorp Asset Management held a board meeting on August 22, 2025, where several key decisions were taken. The board appointed M/s. JNG & Co. LLP as the Secretarial Auditor for a 5-year term, from the 17th AGM to the 22nd AGM, subject to shareholder approval. The board also approved seeking shareholder consent for raising overall borrowing limits under Section 180(1)(C), conversion rights under Section 62(3), creating mortgages or charges on company assets, and increasing thresholds for loans, guarantees, and investments under Section 186. Material related party transactions and loans under Section 185 were also approved. Additionally, the board cleared the CSR expenditure for FY 2025-26, the Board's Report for FY 2024-25, and the notice for the 17th AGM scheduled for September 19, 2025, via video conferencing. JNG & Co. LLP was also appointed as the Scrutinizer for the AGM.
The key items requiring shareholder approval at the upcoming AGM include the new Secretarial Auditor appointment and enhanced borrowing/investment limits, which signal potential fundraising or expansion plans ahead. For shareholders, voting at the AGM on September 19, 2025, will be important as these approvals could expand the company's financial flexibility and operational scope.