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.

Asia Capital Limited held its Board of Directors meeting on Monday, August 24, 2026, to approve corporate governance appointments and finalize logistics for its upcoming Annual General Meeting (AGM). The Board also sought shareholder approval for a significant borrowing facility and released its audited financial results for FY26.

The session began at 12:00 pm and concluded at 1:00 pm at the company’s registered office in Vile Parle (West), Mumbai.

Key Outcomes

The Board transacted several key matters during the session:

• AGM Date Fixed: The 42nd Annual General Meeting is scheduled for Saturday, September 19, 2026, at 9:00 am IST.
• Secretarial Auditor Appointed: Mr. Anand Khandelia, Practicing Company Secretary, was appointed as Secretarial Auditor for a five-year term commencing from FY27 till FY31.
• Director's Report Approved: The Board approved the Director's Report along with annexures, including the Corporate Governance Report, Secretarial Audit Report, and Compliance Certificates for the year ended March 31, 2026.
• Borrowings Approval: The Board approved borrowings exceeding the aggregate of paid-up capital and free reserves, with a ceiling of ₹100 crore at any one point in time. This requires shareholder approval via a special resolution under Section 180(1)(c) of the Companies Act, 2013.
• E-Voting Scrutinizer: Sanjay Kumar Lalit, Advocate, was appointed as scrutinizer for the e-voting process.
• Director Re-appointment: Mr. Devendrasingh Ramola retires by rotation and is eligible for re-appointment as a Director.

Financial Performance for FY26

Asia Capital Limited reported a net profit after tax of ₹13.58 lakh for the financial year ended March 31, 2026, down from ₹30.02 lakh in the previous year. Gross income fell to ₹43.67 lakh from ₹58.29 lakh in FY25. The company transferred ₹2.71 lakh to the Special Reserve (RBI) as required under Section 45-IC of the RBI Act, 1934.

Share Transfer Closure and E-Voting

The Register of Members & Share Transfer Books will remain closed from September 12, 2026, to September 19, 2026 (both days inclusive) for the purpose of the AGM. The cut-off date to record entitlement for voting is Friday, September 11, 2026.

The Board also finalized the dates for e-voting through the NSDL E-Voting Platform:

Annual Report Dispatch and Shareholder Communication

On August 25, 2026, the company intimated the BSE Limited that it has dispatched letters to shareholders who have not registered email addresses with the company, its Registrar and Transfer Agent (RTA), or their Depository Participants. These letters provide web links to access the Annual Report for FY26 and the Notice of the 42nd AGM.

In support of the Green Initiative, the Notice of the AGM and Annual Report are being sent electronically to shareholders with registered email addresses. Shareholders without registered emails can access these documents via the company website, BSE website, or NSDL e-voting platform. The company requested shareholders to update their KYC details, including PAN, email address, and mobile number, with their respective Depository Participants to ensure timely receipt of corporate communications.

For assistance regarding shareholding, shareholders may contact the RTA, M/s Indus Shareshree Private Limited.

The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prateek Sharma, Company Secretary and Compliance Officer, signed the communication.