Proceedings of the 14th Annual General Meeting of the Company
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Escorp Asset Management held its 14th Annual General Meeting on September 19, 2025, via video conferencing from 2:00 PM to 2:30 PM, chaired by Whole Time Director Mr. Shripal Shah. The meeting was attended by 9 members (including 2 directors) and 3 independent directors. Eight resolutions were transacted, covering routine items such as adoption of audited financials for FY ending March 31, 2025, reappointment of Mr. Shripal Shah (who retires by rotation), and appointment of M/s JNG & Co. LLP as Secretarial Auditors. The remaining five resolutions sought shareholder approval for expanded borrowing limits under Section 180(1)(c), creation of mortgage/charge powers under Section 180(1)(a), higher thresholds for loans and investments under Section 186, related party transactions, and advancing loans or guarantees under Section 185. The statutory and secretarial auditors' reports for FY25 contained no qualifications or adverse observations. Remote e-voting was open from September 15–18, 2025, with results to be announced within two working days.
This is a procedural disclosure confirming that key governance items, including director reappointment and expanded financial powers, have been put to shareholder vote with no audit red flags — broadly neutral for shareholders, though expansion of borrowing and lending powers could increase the company's financial flexibility going forward.