In compliance with Regulation 30 read Sub-Para 13 of Para A of Part A under Schedule III of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015, we enclose herewith ....
Awaiting price reaction for this filing.
Aar Shyam India Investment Company held its 1st EGM of FY 2025-26 on May 16, 2025 at its registered office in New Delhi, starting at 4:00 PM and concluding at 5:30 PM. Seven members attended in person; three directors were present including two non-executive independent directors. The Chairperson, Ms. Saloni Mehra, put forward four business items for voting: (1) an ordinary resolution to increase the authorised share capital, (2) a special resolution to amend the object clause of the Memorandum of Association (MOA), (3) a special resolution to change the company's name along with related changes to the MOA and Articles of Association, and (4) a special resolution to surrender the company's NBFC (non-banking financial company) licence. Remote e-voting was conducted via NSDL from May 13-15, 2025, with Mr. Aakash Goel acting as scrutinizer. The voting results were not declared in this filing and will be communicated separately to BSE and the Calcutta Stock Exchange.
The resolutions indicate a likely strategic shift — the company proposes to drop its NBFC identity (licence surrender) and rename itself, suggesting a pivot toward a new line of business. Shareholders should await the scrutinizer's report for the final outcome, which could materially affect the company's future direction and stock identity on the exchanges.