Notice of 14th Annual General Meeting (AGM) to be held on Friday, September 19, 2025.
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Escorp Asset Management Ltd has issued notice for its 14th AGM to be held on Friday, September 19, 2025, at 2:00 PM via video conferencing. Ordinary business includes adoption of FY2024-25 audited financial statements and re-appointment of Whole Time Director Shripal Shah (DIN: 01628855), who retires by rotation. Special business includes appointment of M/s JNG & Co. LLP as Secretarial Auditors for a 5-year term (FY2025-26 to FY2029-30). Shareholders will also be asked to approve borrowing limits of up to Rs. 100 Crores under Section 180(1)(c) with conversion rights, authority to create mortgage/charge on company assets, and raising the Section 186 threshold for loans, guarantees, and investments to Rs. 100 Crores. Additionally, the company seeks approval for material related party transactions of up to Rs. 50 Crores each with five group entities including holding company Aryaman Financial Services and ultimate holding Mahshri Enterprises, plus up to Rs. 100 Crores in loans/guarantees to subsidiaries, associates, and group entities under Section 185. Remote e-voting runs from September 15-18, 2025, with the cut-off date set as September 12, 2025.
The Rs. 100 Crore borrowing and investment limits, combined with Rs. 50 Crore related-party transaction caps with five group entities, signal potential for significant capital activity and inter-group fund movements that existing shareholders should monitor closely. Director re-appointment and auditor appointment are routine, but the broad financial powers being sought may materially affect the company's leverage and related-party exposure.