Ascensive Educare Limited adopted its financial statements for the fiscal year ended March 31, 2026, during its 14th Annual General Meeting held on September 25, 2026. The meeting also saw the re-appointment of statutory auditors and the approval of changes to the company's main object clause.

The proceedings were conducted at the corporate office in Kolkata from 11:00 am to 11:25 am. Abhijit Chatterjee, Whole Time Director and CEO, chaired the session after confirming the requisite quorum was present. The notice convening the meeting was taken as read with shareholder consent, and questions raised by members were addressed by the chairman.

Ordinary business resolutions

Shareholders approved two key ordinary resolutions during the meeting. First, they received, considered, and adopted the financial statements for FY26, along with the reports of the Board of Directors and the auditors. Second, Sayani Chatterjee (DIN: 06439804), who retired by rotation, was re-appointed as a director following her eligibility for re-election.

Special business and auditor appointment

Under special business, members approved an alteration in the Main Object Clause of the Memorandum of Association. Additionally, the company re-appointed M/s Goyal Goyal & Co., Chartered Accountants, as its statutory auditors for the upcoming term. The remuneration for the auditors was also fixed during this resolution.

Voting and scrutiny process

Himanshu S K Gupta & Associates, Practicing Company Secretaries, served as the scrutinizer for the e-voting and poll voting processes. The chairman announced that the final results of the voting would be declared within 48 hours of the meeting's conclusion. These results are scheduled to be uploaded on the company's website and made available on the Bombay Stock Exchange platform.

The meeting concluded at 11:25 am with a vote of thanks to the shareholders and directors present.

Voting results breakdown

The consolidated scrutinizer's report details the voting outcomes for the four resolutions passed. All resolutions received unanimous support from the voting shareholders, with no votes cast against any item. The voting was conducted through remote e-voting via NSDL and physical polling at the meeting venue.

Shareholder participation analysis

The data reveals a distinct split in participation between promoter groups and public shareholders. Out of 198 total shareholders on the record date, only 6 shareholders (all from the promoter and promoter group) participated in the voting process. No public shareholders cast votes through either remote e-voting or physical polling.

Promoters held 2,63,39,160 shares and voted 100% of these shares in favour of all resolutions. Public non-institutional shareholders held 1,95,12,000 shares but recorded zero participation. Consequently, the resolutions were passed with 100% of the votes polled being in favour, although this represented only 57.44% of the total outstanding shares.

Ascensive Educare Limited issued an addendum to the notice of its 14th Annual General Meeting on September 11, 2026. The company included the re-appointment of its statutory auditors as an additional item of business, correcting an inadvertent omission in the original notice dated September 2, 2026.

The 14th AGM is scheduled for September 25, 2026, at 11:00 am at the company’s corporate office in Kolkata. The addendum incorporates Item No. 4 into the ordinary business agenda, proposing the re-appointment of M/s. Goyal Goyal & Co., Chartered Accountants, as statutory auditors.

Auditor Re-Appointment Details

The Board of Directors recommended the proposal for shareholder approval. If approved, M/s. Goyal Goyal & Co. will hold office for four financial years, starting from the conclusion of the 14th AGM until the conclusion of the 18th AGM. The remuneration for the auditors will be fixed by the Board in consultation with the firm.

Existing Agenda Items

The original notice remains unchanged except for the addition of the auditor re-appointment. The existing ordinary business items include:

• Adoption of financial statements for the fiscal year ended March 31, 2026.
• Re-appointment of Mrs. Sayani Chatterjee, who retires by rotation and offers herself for re-appointment.

The special business item involves altering the Main Object Clause of the Memorandum of Association. The proposed change seeks to insert a new sub-clause enabling the company to provide end-to-end workforce and human resource management services for e-commerce and other businesses.

Voting Process

Remote e-voting commenced on September 22, 2026, at 9:00 am and concluded on September 24, 2026, at 5:00 pm. Shareholders holding shares as on the cut-off date of September 18, 2026, were eligible to vote. The company engaged National Securities Depository Limited to facilitate electronic voting and appointed M/s. Himanshu S K Gupta & Associates as the scrutinizer.