Asit C Mehta Financial Services Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Puspraj R. Pandey. The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Pandey submitted his resignation on August 26, 2025, citing his intention to explore career opportunities elsewhere. The effective date of his resignation will be communicated after the completion of his notice period, as per his employment contract.

Professional Background

Puspraj R. Pandey holds several qualifications, including:

• Associate Company Secretary (ACS)
• Bachelor of Laws (LLB)
• Bachelor of Commerce (B.Com)

His Institute of Company Secretaries of India (ICSI) membership number is A38542.

Company's Response

The company has acknowledged Mr. Pandey's resignation and has informed the BSE Limited as part of its regulatory obligations. The Board of Directors will likely initiate the process to appoint a new Company Secretary and Compliance Officer in due course.

About Asit C. Mehta Financial Services Limited

Asit C. Mehta Financial Services Limited is registered with CIN: L65900MH1984PLC091326. The company's registered office is located at 'Pantomath Nucleus House', Saki Vihar Road, Andheri (East), Mumbai 400072, Maharashtra, India.

Investors and stakeholders can reach out to the company for any grievances at investorgrievance@acmfsl.co.in or contact them at 022 - 61325757 / 28583333.

Asit C. Mehta Financial Services Limited (ACMFSL) has announced a significant move to bolster its financial position through a rights issue. The company's Board of Directors has given the green light to raise up to INR 50 crore by offering equity shares to existing shareholders.

Rights Issue Details

The Board of Directors, in a meeting held on July 31, 2025, approved the issuance of equity shares with a face value of INR 10 each. This rights issue will allow current equity shareholders to subscribe to new shares in proportion to their existing holdings. The specific price per share and the entitlement ratio are yet to be determined and will be decided by either the Board or a dedicated Rights Issue Committee.

Key Points of the Rights Issue:

• Issue Size: Up to INR 50 crore
• Share Type: Equity shares with face value of INR 10 each
• Eligible Participants: Existing equity shareholders
• Record Date: To be announced later

Rights Issue Committee

To oversee the process, ACMFSL has constituted a Rights Issue Committee. This committee will be responsible for:

1. Appointing necessary intermediaries
2. Determining the issue price
3. Setting the rights entitlement ratio
4. Deciding on the record date
5. Establishing the timing of the rights issue

Regulatory Compliance

The rights issue is subject to necessary regulatory and statutory approvals. ACMFSL will ensure compliance with:

• SEBI (ICDR) Regulations, 2018
• SEBI (LODR) Regulations, 2015
• Companies Act, 2013

Financial Performance

In the same board meeting, ACMFSL also approved the unaudited financial results for the quarter ended June 30, 2025. The consolidated financial highlights for the quarter are as follows:

The company reported a consolidated loss after tax of INR 240.00 lakhs for Q1 FY2026, compared to a loss of INR 191.55 lakhs in the same quarter of the previous year.

This rights issue comes at a time when the company is looking to strengthen its financial position. The additional capital raised through this issue could potentially be used to fuel growth initiatives, reduce debt, or for other corporate purposes as deemed fit by the management.

Investors and shareholders should keep an eye out for further announcements regarding the specific terms of the rights issue, including the price, entitlement ratio, and important dates.