Ashram Online.com company name reported a net loss of ₹12.92 lakhs for the financial year ended March 31, 2026, widening significantly from the net loss of ₹6.99 lakhs recorded in the prior year. The deterioration in profitability was primarily driven by a sharp rise in interest and finance charges, which jumped to ₹21.43 lakhs from ₹0.62 lakhs in the previous period, eroding operating gains despite an increase in total income.

The company’s total income grew to ₹101.13 lakhs from ₹69.57 lakhs in the preceding year, largely fueled by non-operating income which surged to ₹52.85 lakhs from ₹34.18 lakhs. However, operational revenue remained modest at ₹48.28 lakhs, up from ₹35.40 lakhs. Total expenditure stood at ₹88.80 lakhs, compared to ₹73.38 lakhs previously. The Board of Directors has not declared any dividend for the year due to the incurred losses.

A significant portion of the company’s financial activity involves related-party transactions. During FY26, the company granted loans aggregating to ₹396.96 lakhs exclusively to related parties, including entities where key managerial personnel exercise significant influence. These transactions include lending and borrowing arrangements with Kreon Finnancial Services Limited, Opti Products Private Limited, and Tatia Global Vennture Limited, carrying interest rates of 12% per annum. Additionally, borrowings from Whole-time Director Mrs. Sangita Tatia and Director Mr. Bharat Jain Tatia carry an interest rate of 6% per annum.

The annual report highlights a transition in leadership following the demise of Founder Director Mr. Tatia Jain Pannalal Sampathlal on April 29, 2026. Consequent to this vacancy, Mr. Bharat Jain Tatia was appointed as an Additional Director on May 27, 2026. The company is also seeking shareholder approval for the appointment of two new independent directors, Mr. Madhavan Ganesan and Mr. Sriram Karpakavenkatraman, for terms commencing April 1, 2027.

Financial Performance Overview

Related Party Transactions

The company seeks approval for material related party transactions involving lending and borrowing over a three-year period from August 25, 2026, to August 24, 2029. The maximum aggregate value for lending to Kreon Finnancial Services Limited, Opti Products Private Limited, and Tatia Global Vennture Limited is set at ₹50 crore each, with borrowing limits at ₹10 crore each. Borrowings from Mrs. Sangita Tatia and Mr. Bharat Jain Tatia are capped at ₹5 crore each.

Corporate Governance Changes

In addition to the appointment of Mr. Bharat Jain Tatia, the company is reappointing Mrs. Sangita Tatia as a director retiring by rotation. The tenure of existing independent directors expires on March 31, 2027. The proposed new independent directors, Mr. Madhavan Ganesan and Mr. Sriram Karpakavenkatraman, will serve five-year terms starting April 1, 2027. The statutory auditors, M/s. Darpan & Associates, have issued an unmodified opinion on the financial statements, though they noted a qualification regarding a case pending with the Honorable High Court of Madras.

Ashram Online.Com has scheduled its 35th Annual General Meeting (AGM) for August 25, 2026, at 11:00 A.M. via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting, held at the company’s registered office in Chennai, aims to approve significant corporate governance changes, including the appointment of new independent directors and the ratification of material related-party transactions involving substantial lending and borrowing limits. Shareholders will also adopt the audited financial statements for FY26.

The Register of Members and Share Transfer Books will remain closed from August 19, 2026, to August 25, 2026, to determine eligibility for voting. The cut-off date for voting rights is August 18, 2026. Remote e-voting facilities will be available from August 22, 2026, at 9:00 A.M. until August 24, 2026, at 5:00 P.M., facilitated by Purva Shareregistry (India) Private Limited.

Board Composition Changes

The AGM agenda includes several key appointments to the Board of Directors. Mrs. Sangita Tatia, Whole-time Director, retires by rotation and offers herself for re-appointment. Additionally, shareholders are asked to approve the appointment of Mr. Bharat Jain Tatia as a Non-Independent, Non-Executive Director, liable to retire by rotation. Mr. Tatia was initially appointed as an Additional Director on May 27, 2026, following the demise of Founder Director Mr. Tatia Jain Pannalal in April 2026.

Two new Independent Directors are also up for approval:

• Mr. Madhavan Ganesan: Appointed for a five-year term commencing April 1, 2027, bringing over 20 years of experience in accounts and finance.
• Mr. Sriram Karpakavenkatraman: Appointed for a five-year term commencing April 1, 2027, with expertise in business operations and administration.

Material Related-Party Transactions

A critical item for shareholder approval is the enabling resolution for Material Related-Party Transactions (RPTs) under Regulation 23 of the SEBI Listing Regulations. The company seeks approval for lending and borrowing transactions with related parties for a three-year period from August 25, 2026, to August 24, 2029. These transactions are intended to facilitate efficient treasury management and liquidity.

The Audit Committee reviewed these transactions, noting they are on an arm’s length basis. Transactions with corporate entities carry a 12% interest rate, while borrowings from directors carry a 6% interest rate. All related parties are required to abstain from voting on this resolution.

Voting and Attendance Details

In compliance with Ministry of Corporate Affairs circulars, physical attendance is not required. Shareholders can join the VC meeting 15 minutes before the scheduled time. The facility is available for 1,000 members on a first-come, first-served basis, excluding large shareholders holding 2% or more, promoters, and institutional investors. M/s. Lakshmmi Subramanian and Associates have been appointed as the Scrutinizer to ensure a fair e-voting process.