Amit International Limited has successfully completed its Board of Directors meeting on March 12, 2026, formally approving the appointment of Ms. Sugandha Narayan Jagtap as Additional Independent Women Director of the company. The meeting outcome was communicated to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome and Timeline

The Board meeting was conducted as scheduled, with key resolutions passed during the session:

Director Profile and Qualifications

Ms. Sugandha Jagtap brings substantial professional experience to the board. Her background includes:

Appointment Terms and Conditions

The appointment follows specific regulatory guidelines and corporate governance requirements. Ms. Jagtap has been appointed as an Additional Women Independent Director, liable to retire by rotation, subject to approval of shareholders at the next General Meeting. Her extensive experience in financial coordination and compliance documentation aligns with the company's governance objectives.

Regulatory Compliance Framework

The appointment process has been conducted in strict adherence to SEBI regulations. The company has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent communication with stakeholders. The formal communication was signed by Kirti Jethalal Doshi, Director (DIN: 01964171), from the company's office at Nirav Apartment, Juhu Gulmohar Road, Vile Parle (W), Mumbai.

Corporate Governance Enhancement

This appointment represents Amit International Limited's continued commitment to strengthening board composition and enhancing corporate governance practices. The addition of Ms. Jagtap as an Independent Women Director will contribute to diverse perspectives in board deliberations and support the company's strategic decision-making processes. Her proven track record in financial processes and operational administration is expected to add value to the board's oversight functions.

ATN International Limited has announced an extraordinary general meeting (EGM) scheduled for March 09, 2026, to seek shareholder approval for a substantial reduction in share capital aimed at addressing the company's accumulated losses.

Meeting Details and Agenda

The EGM will be held on Monday, March 09, 2026, at 01:30 PM at the company's registered office located at 10 Princep Street, 2nd Floor, Kolkata-700072. The primary agenda involves approving a special resolution for the reduction of share capital under Section 66 of the Companies Act, 2013.

Proposed Capital Reduction Structure

The company proposes to significantly reduce its share capital to address mounting accumulated losses. The reduction involves cancelling and extinguishing a substantial portion of existing equity shares.

Financial Position and Accumulated Losses

As on September 30, 2025, ATN International Limited reported total accumulated losses of Rs. 23,49,82,000. The company proposes to set off Rs. 15,46,44,000 of these losses against its paid-up capital.

The company has been experiencing consistent losses over the past five financial years, with the most significant loss of Rs. 5,54,07,298 recorded in 2020-2021.

Regulatory Approvals and Process

The proposed capital reduction requires multiple levels of approval to become effective. The company must obtain consent from shareholders through a special resolution and subsequent confirmation from the National Company Law Tribunal (NCLT).

Key regulatory requirements include:

• Shareholder approval via special resolution at the EGM
• NCLT confirmation under Section 66 of the Companies Act, 2013
• Filing of certified copies with the Registrar of Companies
• Compliance with SEBI listing regulations

Shareholder Impact and Voting Process

The capital reduction will not involve any cash outflow to shareholders, as it represents a book adjustment to eliminate accumulated losses. The shareholding pattern and percentage holdings of existing shareholders will remain unchanged.

Shareholders can participate in the voting process through remote e-voting facilities provided by CDSL or attend the physical meeting. The company has appointed Atul Kumar Labh, Practicing Company Secretary, as the scrutinizer for the e-voting process.

Strategic Rationale

The management believes this capital reduction will enable the company to present a more accurate financial position and facilitate future fundraising efforts. By eliminating a significant portion of accumulated losses from the balance sheet, the company aims to improve its ability to access capital markets and financial institutions for business expansion.

The proposed scheme does not envisage any transfer of properties or liabilities and will not adversely affect creditors' interests, as no payments are involved in the capital reduction process.

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