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.

Ashram Online.com has appointed Mr. Bharat Jain Tatia as an Additional Director effective May 27, 2026, subject to the approval of the shareholders. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Tatia is a promoter of the company and holds 9,00,400 equity shares.

The new director will serve for an initial term of three months until the forthcoming Annual General Meeting of the company. Mr. Bharat Jain Tatia brings extensive experience in the Export Industry, Investment Consultancy, and Capital Market Operations, with significant expertise in business management and financial matters.

A disclosure of interest reveals that Mr. Bharat Jain Tatia is the spouse of Mrs. Sangita Tatia, the Whole Time Director of the company. The appointment was communicated to the Bombay Stock Exchange Ltd on May 27, 2026.

Details of Appointment