Anirit Ventures Limited shareholders have approved a material related-party transaction permitting the company to borrow up to ₹10 crore from its holding company, Oilmax Energy Private Limited. The approval was granted via an ordinary resolution at the company’s 33rd Annual General Meeting (AGM) held on July 30, 2026, providing Anirit with a defined credit line from its parent entity to support operational or strategic liquidity needs.

The AGM was conducted through Video Conferencing/Other Audio-Visual Mode (VC/OAVM) in compliance with directives from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Mr. Rohit Agarwal, Chairperson of the Company and the Stakeholders Relationship Committee, chaired the proceedings from Mumbai. The requisite quorum was present, enabling the formal commencement of the meeting. Ms. Visha Jain, Company Secretary & Compliance Officer, managed the procedural aspects, while Mr. Dipesh Gosar, Practicing Company Secretary, served as the appointed Scrutinizer for the voting process.

In addition to the related-party borrowing approval, shareholders considered ordinary business items. The Audited Financial Statements for the financial year ended March 31, 2026, both Standalone and Consolidated, were received, considered, and adopted. The Statutory Auditors issued an unmodified opinion on these financial statements, indicating no material misstatements were found. Furthermore, Ms. Neha Thakkar, who retires by rotation, was re-appointed as a Director of the company, maintaining continuity in its leadership structure.

Key Resolutions Passed

The following resolutions were tabled and approved by the members:

Voting Process and Compliance

The remote e-voting period was open from July 27, 2026, at 9:00 a.m. (IST) to July 29, 2026, at 5:00 p.m. (IST). Members who had not voted remotely were permitted to cast their votes electronically during the live meeting. As the meeting was held virtually without physical attendance, the appointment of proxies was not applicable per MCA and SEBI circulars. The Company Secretary was authorized to conduct the voting procedure, accept the Scrutinizer’s Report, and countersign it. The final voting results and consolidated Scrutinizer’s Report are scheduled to be submitted to the stock exchanges within two working days of the meeting’s conclusion.

What the Numbers Show

The approval of a ₹10 crore borrowing facility from Oilmax Energy Private Limited highlights the financial interdependence between Anirit Ventures and its holding company. This related-party transaction suggests that Anirit may rely on internal group funding rather than external debt markets for this specific liquidity requirement. The unmodified audit opinion on the FY26 financial statements provides assurance on the integrity of the reported figures, although the specific utilization of the borrowed funds was not detailed in the AGM proceedings beyond the general approval of the transaction limit.

Anirit Ventures Limited has scheduled its 33rd Annual General Meeting (AGM) for Thursday, July 30, 2026, at 11:00 a.m. IST, to be conducted exclusively through video conferencing. The meeting seeks shareholder approval for a material related party transaction to borrow up to ₹10 Crores from its holding company, Oilmax Energy Private Limited, to fund business expansion and working capital requirements.

The Board of Directors has approved the proposed borrowing, which carries an interest rate of 9% and is unsecured with a tenure of one year. The transaction is considered material as the proposed amount exceeds 10% of the company’s annual consolidated turnover for the financial year 2025-26. Shareholders will also consider the re-appointment of Director Ms. Neha Thakkar, who retires by rotation and is eligible for re-appointment.

Key AGM and E-Voting Details

The facility to participate through video conferencing will be available on a first-come-first-served basis for 1,000 members, excluding large shareholders, promoters, and institutional investors. Shareholders participating through the video conferencing facility will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

Related Party Transaction Overview

The proposed borrowing from Oilmax Energy Private Limited, which holds 55.53% of the company’s share capital, is intended to meet working capital needs and potential acquisitions. The company stated that the Audit Committee reviewed the transaction and confirmed it is in the best interest of the company and at arm’s length. The value of the proposed transaction represents more than 100% of the listed entity's annual consolidated turnover for the immediately preceding financial year.

The Annual Report for FY 2025-26, containing the Notice of the 33rd AGM and the Explanatory Statement, is available on the company’s website. Members who have not registered their email addresses will receive a communication with a weblink to access the documents.