Escorp Asset Management Limited Board of Directors has approved several strategic decisions during their meeting on August 22, 2025, setting the stage for significant corporate governance changes and financial flexibility.

New Secretarial Auditor Appointment

The Board has appointed M/s. JNG & Co. LLP as the company's Secretarial Auditor for a term of five consecutive years. This appointment, subject to shareholder approval, will span from the conclusion of the 14th Annual General Meeting (AGM) to the 19th AGM. M/s. JNG & Co. LLP brings experience in corporate laws, insolvency, securities laws, and corporate restructuring.

Financial and Operational Approvals

Several key financial and operational decisions were approved during the meeting:

1. Borrowing Limits: Changes to overall borrowing limits under Section 180(1)(C) of the Companies Act, 2013, along with conversion rights under Section 62(3).

2. Asset Charges: Authorization for the creation of charges on company assets, properties, or undertakings as per Section 180(1)(a) of the Companies Act, 2013.

3. Loans and Investments: Increased threshold for loans, guarantees, securities provision, and investments in securities under Section 186 of the Companies Act, 2013.

4. Related Party Transactions: Approval of material transactions with related parties under both the Companies Act, 2013, and SEBI Listing Regulations.

5. Loan and Guarantee Authorization: Approval for the advance of loans, provision of guarantees, and securities under Section 185 of the Companies Act, 2013.

Corporate Social Responsibility and Reporting

The corporate social responsibility expenditure for the financial year 2025-26 was approved. Additionally, the Board finalized the draft Board's Report and other annexures for the financial year 2024-25.

14th Annual General Meeting

The Board has set September 19, 2025, as the date for the 14th Annual General Meeting, which will be conducted through video conferencing. M/s. JNG&CO.LLP has been appointed as the scrutinizer for this AGM.

Implications for Shareholders

These decisions reflect Escorp Asset Management's commitment to robust corporate governance and strategic financial management. Shareholders will have the opportunity to vote on these matters, including the appointment of the new Secretarial Auditor, at the upcoming AGM.

The Board meeting, which commenced at 1:30 PM and concluded at 3:40 PM, has set the stage for significant corporate actions that aim to enhance the company's operational efficiency and compliance framework.

Investors and stakeholders are advised to review the full details of these approvals, which will be available in the official AGM notice and accompanying documents.

Escorp Asset Management Limited , a financial services company, has released its unaudited financial results for the first quarter ended June 30, 2025, marking its inaugural quarterly report since migrating to the BSE Main Board.

Financial Performance

The company reported a significant decrease in its financial metrics compared to the same quarter last year:

Key Highlights

• Revenue Decline: The company's total income for Q1 FY26 stood at Rs. 91.14 lakhs, down from Rs. 577.59 lakhs in Q1 FY25, representing a decrease of 84.22%.

• Operational Revenue: Revenue from operations saw a sharp decline of 89.30%, falling to Rs. 58.61 lakhs from Rs. 547.58 lakhs in the corresponding quarter of the previous year.

• Profitability: Net profit for the quarter was Rs. 72.54 lakhs, a substantial decrease from Rs. 498.17 lakhs reported in Q1 FY25.

• Earnings Per Share: Basic earnings per share (EPS) decreased to Rs. 0.65 from Rs. 4.48 in the same quarter last year.

BSE Main Board Migration

A significant development for Escorp Asset Management was its successful migration from BSE's SME Board to the Main Board during the current financial year. This transition has brought about changes in the company's reporting requirements:

• The company is now mandated to report financial results on a quarterly basis, as opposed to the previous half-yearly reporting when listed on the SME Board.
• Q1 FY26 marks the first instance of quarterly financial reporting for Escorp Asset Management as a Main Board listed entity.

Audit Review

V. N. Purohit & Co., Chartered Accountants, conducted a limited review of the quarterly unaudited financial results. The auditors stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Conclusion

While Escorp Asset Management Limited has achieved the milestone of migrating to the BSE Main Board, the company faces challenges as evidenced by the substantial decline in its financial metrics for Q1 FY26. Investors and stakeholders will likely be keen to observe the company's performance in subsequent quarters to gauge its ability to navigate the current financial landscape and return to growth.