Abhijit Trading Company Limited (ISIN: INE994N01019) recently held an Extra-Ordinary General Meeting (EGM) on November 25, 2025, where shareholders passed two significant special resolutions through remote e-voting. The meeting, conducted via video conferencing, saw the participation of nine public shareholders.

Key Resolutions Passed

1. Company Name Change and Constitutional Alterations: Shareholders approved changes to the company's name and alterations to its constitutional documents.

2. Business Expansion: A resolution to add new business objects to the company's memorandum of association was also passed.

Both resolutions received the requisite majority, as confirmed by the appointed scrutinizer, Parul Agrawal.

Financial Overview

While the EGM focused on structural changes, it's worth noting the company's recent financial position. As of March 2025, Abhijit Trading Company's balance sheet shows significant growth across various metrics:

The company has shown remarkable growth in its asset base and equity, which may have influenced the decision to expand its business objects. The substantial increase in investments, from ₹424.00 crore to ₹2,977.50 crore, suggests a strategic shift in the company's financial approach.

Implications and Outlook

The approval of these resolutions indicates that Abhijit Trading Company is positioning itself for significant changes:

1. The name change and constitutional alterations could signal a rebranding effort or a shift in the company's core focus.
2. The addition of new business objects to the memorandum of association suggests that the company is planning to diversify its operations or enter new markets.

These changes, coupled with the company's substantial financial growth, point towards a potentially transformative period for Abhijit Trading Company Limited. Shareholders and market observers will likely be keen to see how these structural changes translate into operational and financial performance in the coming quarters.

As the company moves forward with these approved changes, it will be crucial to monitor how they align with and potentially accelerate the already impressive financial growth trajectory evident in the latest balance sheet figures.

Abhijit Trading Company has announced the resignation of Mr. Luv Sharma (DIN: 09480544) from his position as Non-Executive Independent Director, effective November 18, 2025. The resignation comes amidst concerns over the company's communication practices with its board members.

Reasons for Resignation

Mr. Sharma cited the following reasons for his departure:

• Inadequate receipt of board meeting notices
• Insufficient provision of necessary documents from the company
• Inability to effectively participate in board matters due to these communication challenges
• Persistent issues despite raising concerns multiple times

Impact on Board Composition

The resignation of Mr. Luv Sharma affects the company's board composition and raises questions about Abhijit Trading Company's corporate governance practices. This development may prompt investors and regulatory bodies to scrutinize the company's internal communication processes and board management procedures more closely.

Additional Board Changes

In a separate announcement, Abhijit Trading Company also disclosed the resignation of Ms. Babita Jain (DIN: 00560562), a Non-Executive & Non-Independent Director, effective November 19, 2025. Ms. Jain's resignation was attributed to personal reasons.

Current Directorships of Resigning Directors

Company Response

Abhijit Trading Company has confirmed receiving resignation letters from both directors, stating that there are no other material reasons for their resignations beyond those provided. The company has made these disclosures in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These resignations, particularly Mr. Sharma's departure citing communication issues, may prompt investors to seek more information about the company's corporate governance practices and internal communication protocols. It remains to be seen how Abhijit Trading Company will address these concerns and potentially improve its board communication processes in the wake of these developments.