Northern Arc Capital Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 25, 2025. Further, the company has informed the Exchange regarding voting results.
NORTHARC · price
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Northern Arc Capital Limited held its 17th AGM on August 25, 2025 via video conferencing, where all 9 resolutions were passed with overwhelming majority. The 109,684 shareholders on record date approved the audited financial statements for FY ending March 31, 2025 (99.998% in favour). Voting participation was around 40-41% of the 16.15 crore outstanding shares. Key special resolutions that passed include increasing borrowing powers under Section 180(1)(c), issuance of Non-Convertible Debentures on private placement basis, creation of charges on company assets, and an increase in ESOP options under the 2016 stock option plan. Shareholders also approved revisions to the commission paid to Non-Executive Independent Chairperson P S Jayakumar and managerial remuneration for MD & CEO Ashish Mehrotra, both with about 99.25% support. Director Michael Fernandes was re-appointed, and a new secretarial auditor was approved.
All proposals received near-unanimous shareholder approval (over 99% in favour on most items), indicating strong investor confidence. The approved increase in borrowing powers and NCD issuance gives the company greater flexibility to raise debt, while the ESOP expansion could lead to some future dilution. Minor dissent (under 1%) on remuneration revisions is not material.