Northern Arc Capital Limited shareholders approved a significant capital raising measure at the company’s 18th annual general meeting held on August 18, 2026. The key outcome was the authorization for the offer and issue of non-convertible debentures (NCDs) on a private placement basis, with a total value of up to ₹5,000 crore. This move signals the company’s intent to expand its debt funding capacity through institutional channels.

Alongside the debt issuance, shareholders approved special resolutions to increase the company’s borrowing powers in excess of its paid-up share capital, free reserves, and securities premium. They also authorized the creation of charges on the company’s assets under Section 180(1)(a) of the Companies Act, 2013. These approvals provide Northern Arc Capital with greater flexibility in leveraging its balance sheet for future growth initiatives or liquidity management.

Regulatory Compliance and Auditor Appointment

The meeting also addressed mandatory regulatory compliance regarding audit structures. Shareholders appointed M/s. R. Subramaniyan and Company LLP as joint statutory auditors for a term of three consecutive years, from the conclusion of the 18th AGM until the 21st AGM. This appointment is driven by Reserve Bank of India guidelines requiring non-banking financial companies with an asset size of ₹15,000 crore or more to engage joint statutory auditors.

Northern Arc Capital’s audited financial statements as of March 31, 2026, reflect an asset size exceeding this threshold, necessitating the change. The existing statutory auditors, M/s. Walker Chandiok & Co LLP, will continue in office until the conclusion of the 19th AGM, ensuring a seamless transition in audit oversight.

Corporate Governance Changes

Several governance-related resolutions were passed during the meeting:

• Appointment of Mr. Vijay Nallan Chakravarthi as a director liable to retire by rotation.
• Revision of remuneration terms for Mr. P S Jayakumar, Non-Executive Independent Director and Chairperson.
• Revision of managerial remuneration for Mr. Ashish Mehrotra, Managing Director & CEO, including ratification of a special discretionary payout.
• Change in the implementation mode of the Northern Arc Employee Stock Option Plan 2016 from the trust route to the direct route.

The adoption of standalone and consolidated financial statements for the financial year ended March 31, 2026, was also approved by shareholders. Consolidated voting results and the scrutinizer’s report will be submitted to stock exchanges separately within prescribed timelines.

Meeting Proceedings and Participation

The 18th AGM was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) using the National Securities Depository Services Limited (NSDL) platform. As on the cut-off date of August 12, 2026, the company had 89,746 shareholders, out of which 47 attended the meeting. The quorum was present, and the meeting was chaired by Mr. P.S. Jayakumar.

Directors present included Mr. Ashish Mehrotra, Ms. Anuradha Rao, Mr. Ashutosh Arvind Pednekar, Mr. Michael Jude Fernandes, and Ms. Vidya Krishnan. Mr. Sandeep Dhar and Mr. Vijay Chakravarthi were unable to attend due to unforeseen exigencies. Representatives from Statutory Auditors M/s. Walker Chandiok & Co LLP and Secretarial Auditors M/s. Alagar & Associates LLP also attended via video conference.

During the Q&A session, nine out of 13 registered speaker shareholders participated, seeking clarifications which were addressed by Mr. Ashish Mehrotra. E-voting remained open for an additional 15 minutes post-meeting to allow further participation.

Northern Arc Capital has made the full transcript of its first quarter FY27 earnings conference call available to investors and analysts, supplementing the previously released audio recording. The call, which took place on Monday, July 27, 2026, at 18:30 IST, focused on the company’s unaudited financial results for the quarter ended June 30, 2026. The transcript is now hosted on the company’s official website, providing a permanent textual reference for stakeholders who wish to review the detailed management commentary and question-and-answer session.

The earnings discussion was led by Managing Director and Chief Executive Officer Ashish Mehrotra. He was joined by Chief Financial Officer Atul Tibrewal, Group Risk Officer & Governance Head Pardhasaradhi Rallabandi, and Head Investor Relations Chetan Parmar. The session allowed participants to review operational performance and financial metrics directly with the leadership team via an audio group conference format. The availability of both the audio recording and the written transcript fulfills the disclosure requirements for post-event accessibility under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Previously, Northern Arc Capital had announced the schedule for this call on July 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event was coordinated by ICICI Securities, which provided universal access numbers for participants in India, Hong Kong, Singapore, the UK, and the USA. The intimation regarding the availability of the transcript was signed by Prakash Chandra Panda, Company Secretary & Compliance Officer, on August 03, 2026. The notice was submitted to both the BSE Limited and the National Stock Exchange of India Ltd., ensuring compliance with listing obligations.

The transcript serves as a key resource for investors analyzing the company’s performance trajectory in the initial quarter of the fiscal year. It provides a verbatim record of the management's response to investor queries regarding revenue drivers, margin trends, and strategic initiatives for FY27. This comprehensive disclosure aligns with best practices for corporate transparency, allowing for deeper analysis of the company's financial health and operational outlook beyond the summary figures presented in the statutory results.