Pursuant to the Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the voting results of Remote e-voting and poll during ....
Awaiting price reaction for this filing.
Aar Shyam India Investment Company Ltd held an Extra-ordinary General Meeting on May 16, 2025 where all four resolutions were passed with 100% approval. The resolutions included: (1) increasing the Authorised Share Capital (Ordinary Resolution), (2) amending the existing object clause of the Memorandum of Association (Special Resolution), (3) changing the company's name and amending clauses of the MOA and Articles of Association (Special Resolution), and (4) surrendering its NBFC (Non-Banking Financial Company) license (Special Resolution). Out of 30 lakh total outstanding shares, 17.68 lakh shares (58.96%) were polled by 13 members, all voting unanimously in favour with zero votes against. The promoter group did not participate in voting despite holding 2.57 lakh shares.
This EGM signals a major strategic pivot for the company — it is surrendering its NBFC license, changing its name, and expanding its authorised share capital, suggesting the company is exiting the NBFC business and preparing for a new business direction. Shareholders should expect a possible dilution of equity going forward given the higher authorised capital, while the exit from NBFC operations could mean a fundamental change in the company's revenue model.