Asia Capital Limited confirmed that Prateek Sharma, the Company Secretary and Compliance Officer, has withdrawn his resignation. He will continue to hold the position without any break in his services, ensuring uninterrupted compliance operations for the NBFC.

The withdrawal follows a resignation letter dated October 6, 2026. Sharma cited an opportunity to explore new career avenues as the initial reason for stepping down. However, after careful consideration, he requested to reconsider this decision and retain his current role within the company.

Timeline of Events

The sequence of regulatory filings and internal communications highlights a brief period of uncertainty regarding the key managerial personnel position:

Regulatory Disclosure Details

The company filed the intimation with BSE Limited on October 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing serves as a continuation to the earlier intimation regarding the resignation. Director Devendra Singh Ram Singh Ramola signed the digital submission confirming that Sharma’s services remain continuous.

In his email dated October 7, 2026, Sharma formally requested the withdrawal of his resignation from the post of Company Secretary. He expressed willingness to discuss the matter further and continue in his capacity, leading to the board's acceptance of his return.

Asia Capital Limited concluded its 42nd Annual General Meeting on September 19, 2026, with shareholders approving a special resolution to raise borrowings up to ₹100 crore. The meeting also saw the adoption of financial statements for FY26.

The gathering at its Mumbai registered office commenced at 9:00 am and concluded at 10:00 am. Sixteen members attended in person, including two proxies. The quorum was present, allowing proceedings to begin under the chairmanship of Director Devendrasingh Ramola.

Resolutions Passed

Shareholders voted on four items of business during the session. The board secured approval for an ordinary resolution to adopt the audited financial statements. Additionally, members approved the reappointment of Devendrasingh Ramola as a director liable to retire by rotation.

A special resolution was passed regarding the consideration and approval of borrowings. The company also appointed a secretarial auditor through an ordinary resolution.

Voting Results

The scrutinizer’s report indicated high shareholder engagement, with 81.79% of outstanding shares participating in the vote. A total of 25,29,010 valid votes were cast across remote e-voting and physical ballot modes.

The promoter group, holding 23,18,990 shares, voted unanimously in favour of all resolutions. Among public non-institutional shareholders, dissent was minimal, with only 10 votes cast against the resolutions out of 2,10,020 polled.

Attendees and Governance

Key managerial personnel present included Chief Financial Officer Murari Thakur and Non-Executive Independent Director Sanjay Rajgarhia. Rajgarhia serves as chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Statutory Auditors Shankarlal Jain and Associate were represented by Kunal Padhya. Jupiter Legal acted as the scrutinizer for the e-voting process, which ran from September 16 to September 18, 2026. Voting by ballot was available during the meeting for those who did not vote remotely.