Authum Investment & Infrastructure Ltd shareholders approved borrowing powers up to ₹5,000 crore during the company's 44th Annual General Meeting (AGM) held on September 28, 2026. The meeting also saw the reappointment of two independent directors and the adoption of FY26 financial statements.

The AGM was conducted via video conferencing and other audio-visual means. Akash Suri, Whole Time Director and CEO, served as the Chairman for the meeting in the absence of Amit Dangi, Chairman of the Board. The session commenced at 4:15 pm and concluded at 4:37 pm with a quorum of 35 members present.

Key resolutions passed

Shareholders transacted both ordinary and special business items. The ordinary business included the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Additionally, Divy Dangi was appointed as a director liable to retire by rotation.

The special business resolutions focused on expanding the company's financial flexibility and governance structure:

• Approval of borrowing powers under Section 180(1)(c) of the Companies Act, 2013, up to ₹5,000 crore.
• Approval for creating charges, mortgages, or hypothecation on immovable and movable assets under Section 180(1)(a).
• Approval of material related party transactions with Mentor Capital Limited.
• Approval of material related party transactions with India SME Asset Reconstruction Company Limited (ISARC) and its associated Trusts (Trust 11, 12, 13, and 14).
• Reappointment of Rahul Bagaria and Haridas Bhat as Independent Directors.

Independent director reappointments

The shareholders approved the reappointment of Rahul Bagaria and Haridas Bhat as Independent Directors for a second term of five consecutive years. This decision aligns with Regulations 16, 17, 17(1A), and 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Both directors' first five-year terms are set to conclude on July 31, 2027. Their new terms will be effective from August 1, 2027, through July 31, 2032.

Rahul Bagaria holds a B.Com and is a Certified Forensic Accounting & Fraud Detection Auditor with approximately 14 years of professional experience. Haridas Bhat is a Chartered Accountant since 1986 with over 40 years of extensive experience, specializing in Income Tax matters.

Board composition and attendance

The meeting was attended by five directors, including three independent directors. The statutory auditors, represented by M/s Maharaj N. R. Suresh & Co. LLP and Apas & Co. LLP, were also present virtually.

Rahul Bagaria and Santosh Nayar, both Independent Directors, could not attend due to personal exigencies. Haridas Bhat attended on behalf of Rahul Bagaria, who is the Chairman of the Nomination and Remuneration Committee.

Strategic overview

During the proceedings, Akash Suri provided a brief highlight of the company's performance for FY26. He outlined the global economic overview and shared financial insights regarding the company's core businesses, which include investment operations, credit platforms, and Asset Reconstruction Company (ARC) activities. The management also discussed the strategic vision for the coming years.

Authum Investment & Infrastructure Limited has scheduled its 44th Annual General Meeting for Monday, September 28, 2026. The meeting will be held exclusively through Video Conferencing or Other Audio Visual Means at 4:00 pm. The agenda includes adopting financial statements for FY26 and approving significant corporate actions.

Key Agenda Items

The Board has placed several special resolutions before shareholders. These include granting borrowing powers up to ₹5,000 crore under Section 180(1)(c) of the Companies Act, 2013, and creating charges on assets to secure these loans. Additionally, the company seeks approval for material related-party transactions (RPTs) with its promoter, Mentor Capital Limited, and its subsidiary, India SME Asset Reconstruction Company Limited (ISARC).

Related-Party Transactions

The proposed RPTs involve substantial capital deployment and funding arrangements:

Transactions with Mentor Capital include borrowings and rent payments. The agreement with ISARC covers lending, office leasing, and investments in its securities. Furthermore, Authum proposes investing up to ₹800 crore each in four separate trusts (Trusts 11, 12, 13, and 14) established by ISARC for acquiring stressed assets.

Director Re-appointments

Shareholders will vote on the re-appointment of three directors:

• Divy Dangi: Retiring by rotation as a Whole Time Director.
• Rahul Bagaria: Independent Director, re-appointed for a second term from August 1, 2027, to July 31, 2032.
• Haridas Bhat: Independent Director, re-appointed for a second term from August 1, 2027, to July 31, 2032.

E-Voting and Logistics

Remote e-voting facilities are available via Central Depository Services (India) Limited. The voting window opens on Thursday, September 24, 2026, at 9:00 am and closes on Sunday, September 27, 2026, at 5:00 pm. The record date for determining voting eligibility is Monday, September 21, 2026. Physical copies of the Annual Report have been dispensed with in compliance with Ministry of Corporate Affairs circulars.