Ascensive Educare Limited notified the Bombay Stock Exchange that it is exempt from submitting related party transaction disclosures for the half year ended September 30, 2026. The company cited specific listing regulations applicable to startups with limited capital bases.

The communication, dated October 16, 2026, references Regulation 15(2)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This provision states that compliance with Related Party Transactions provisions under Regulation 23 does not apply to listed entities on the BSE Startups platform.

Regulatory basis for exemption

The exemption applies to entities that meet two specific financial criteria as of the last day of the previous financial year. The company confirmed it satisfies these conditions, thereby removing the obligation to file disclosures under Regulation 23(9).

The filing was signed by Abhijit Chatterjee, Whole Time Director and CEO, digitally. The company requested the exchange to take the non-applicability on record. No financial results or operational updates were included in this regulatory notification.

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.