Annvrridhhi Ventures Limited has issued an addendum to its Annual General Meeting notice, expanding the list of related parties providing guarantees for a ₹100 crore working capital facility from four to eight individuals and entities.

The board approved this change on September 25, 2026, to support the company’s credit line with State Bank of India (SBI). The addendum introduces four new promoter group members, including siblings and spouses of existing directors, each with a proposed transaction limit of ₹50 crore. The aggregate exposure remains capped at ₹100 crore as per the resolution summary.

Expanded List of Related Parties

The omnibus approval covers the period from October 1, 2026, to September 30, 2027. While the original notice listed four related parties, the new addendum details eight distinct entities or individuals within the promoter group who will provide personal guarantees and property mortgages.

Note: The filing lists multiple individuals with ₹50 crore limits each, but the headline resolution specifies an aggregate cap of ₹100 crore for the specific agenda item.

Justification and Regulatory Compliance

The Board stated that these transactions are in the ordinary course of business and at arm’s length. They are essential for providing security for the SBI working capital facility. The Audit Committee recommended the transactions, noting that no defaults were recorded by these related parties in the previous financial year.

Under Regulation 23(4) of the Listing Regulations, all related parties must abstain from voting on this resolution. Only public shareholders will vote on the matter. The company disclosed that Manmohan Shreegopal Agrawal holds indirect shareholding through Swanayra Global LLP, while Sarvesh Manmohan Agrawal holds significant direct equity.

What the Numbers Show

A key analytical observation emerges when comparing the proposed guarantee amounts against the company's historical revenue base. For FY26, Annvrridhhi Ventures reported an annual consolidated turnover of ₹99,86,66,027.61 (approximately ₹99.87 crore). The disclosure explicitly states that the value of the proposed transaction for each individual related party represents 50.07% of this annual consolidated turnover.

This indicates that the credit enhancement provided by individual promoters is nearly half the size of the company's entire annual revenue stream. Such a high ratio suggests that the company's access to institutional debt is heavily dependent on personal collateral from the promoter family, rather than solely on corporate assets or cash flows. The expansion of the guarantee pool to include extended family members (spouses and additional siblings) highlights a concentrated security structure tied directly to the broader promoter group's personal net worth.

Annvrridhhi Ventures has appointed Ms. Mini Kumar as an additional non-executive independent director, effective September 5, 2026. The board also fixed September 23, 2026, as the record date for shareholders eligible to vote at its 46th Annual General Meeting (AGM).

The appointment was approved in a board meeting held on September 5, 2026, on the recommendation of the Nomination and Remuneration Committee. Sarvesh Manmohan Agrawal, Managing Director, signed the intimation filed under Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Schedule and Record Date

The 46th AGM will be conducted via video conferencing and other audio-visual means on Wednesday, September 30, 2026, at 1:00 pm. Remote e-voting will be available from Sunday, September 27, 2026, at 9:00 am to Tuesday, September 29, 2026, at 5:00 pm.

Shareholders on record as of September 23, 2026, will be eligible to participate. The register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026.

Key Dates for AGM

The board appointed M/s. Kirti Sharma & Associates as the scrutinizer for the voting process.

Director Appointment

Ms. Mini Kumar (DIN: 11927360) will hold office until the next general meeting or for three months from the appointment date, whichever is earlier, subject to shareholder approval. She is not debarred from holding office by virtue of any SEBI order or other authority.

Ms. Kumar brings over 28 years of experience in banking and financial services, including eight years with IDBI Bank and 20 years with ICICI Bank, where she recently retired from the leadership team. She holds a Bachelor of Arts degree in English Literature.

During her career, she gained extensive experience in Transaction Banking, Trade Finance, Corporate Banking, and cross-border business solutions. Ms. Kumar is not related to any existing director of the company.

Committee Reconstitution

Consequent to the new appointment, the board reconstituted its committees effective September 5, 2026:

Nomination and Remuneration Committee

Stakeholders Relationship Committee