Northern Arc Capital Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2025
NORTHARC · price
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Northern Arc Capital Limited has announced its 17th Annual General Meeting (AGM) scheduled for Monday, August 25, 2025, at 11:00 AM IST, to be held via Video Conferencing. Key items on the agenda include adoption of FY25 audited financial statements and re-appointment of Mr. Michael Jude Fernandes as director. Shareholders will also be asked to approve appointing M/s. Alagar & Associates LLP as Secretarial Auditors for a 5-year term. The company is seeking approval to increase its overall borrowing limit and charge creation cap to INR 15,000 Crores, and to issue Non-Convertible Debentures (NCDs) up to INR 5,000 Crores on a private placement basis. Additionally, the ESOP pool is proposed to be expanded by 4,71,209 options, and revisions to remuneration for Chairperson P S Jayakumar (INR 1.52 Cr as commission for FY26) and MD & CEO Ashish Mehrotra (fixed pay of INR 5.5 Cr plus variable pay of INR 3.08 Cr and 97,000 ESOPs) are on the table.
The proposed doubling of the borrowing limit to INR 15,000 Crores and the INR 5,000 Crores NCD issuance indicate aggressive growth plans typical of an NBFC, which could expand the loan book but also increase leverage and refinancing risk. The CEO pay revision and ESOP expansion signal management retention focus but will result in some dilution. These resolutions will require shareholder approval at the AGM.