Ashapura Intimates AGM Approves All 9 Resolutions

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ashapura Intimates Fashion Limited

Meeting Details

The Annual General Meeting was held on Wednesday, September 30, 2026 at 11:00 a.m. at Plot no. 1, Pusha Park, Daftary Road, Malad East, Mumbai, Maharashtra – 400097, which is the Registered Office of the Company.

Summary of Proposed Resolutions and Implications

The AGM considered and voted on nine resolutions:

Ordinary Business:

1. Adoption of financial statements

2. Appointment of Mr. Nikunj Sureshchandra Shah (DIN: 09677879) as Director retiring by rotation

3. Appointment of M/s. N K Sarraf & Associates, Chartered Accountants (FRN: 021945N) as Statutory Auditor

Special Business:

4. Regularization of Mr. Het Mehulbhai Thakkar (DIN: 10935285) as Non-Executive Director

5. Regularization of Ms. Arzoo Raghubhai Rabari (DIN: 10754153) as Non-Executive Independent Director

6. Regularization of Ms. Pooja Manthan Patel (DIN: 10752933) as Non-Executive Independent Director

7. Adoption of New Memorandum of Association with altered main objects (Special Resolution)

8. Shift of Registered Office from State of Maharashtra to State of Gujarat (Special Resolution)

9. Appointment of M/s. Dharti Patel & Associates as Secretarial Auditor

Voting Process and Methods

The Company provided two voting methods:

1. Remote E-voting: Conducted through National Securities Depository Services Limited (NSDL) from 9:00 a.m. on September 27, 2026 to 5:00 p.m. on September 29, 2026

2. Venue Voting: Physical ballot voting conducted at the AGM for members present who could not participate in remote e-voting

Voting rights were reckoned as on September 23, 2026 (cut-off date). Votes were unblocked in the presence of two witnesses not employed by the company on October 01, 2026 after the meeting conclusion.

Key Voting Outcomes

Overall Participation:

Total members who voted: 57
Total votes cast: 9,901 shares
No invalid votes were recorded across any shareholder category

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 2 - Appointment of Nikunj Shah:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 3 - Appointment of Statutory Auditor:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 4 - Regularization of Het Thakkar:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 5 - Regularization of Arzoo Rabari:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 6 - Regularization of Pooja Patel:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 7 - Adoption of New MOA (Special Resolution):

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 8 - Shift Registered Office (Special Resolution):

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Resolution 9 - Appointment of Secretarial Auditor:

Total votes in favor: 9,901 shares (99.87%)
Votes against: 13 shares (0.13%)
Remote e-voting: 28 members, 8,710 shares (99.85% favor)
Venue voting: 29 members, 1,191 shares (100% favor)

Shareholder Category Breakdown:

Across all resolutions, no invalid votes were recorded from any shareholder category:

Promoter and Promoter Group: 0 invalid votes, 0 votes cast
Public Institutions: 0 invalid votes, 0 votes cast
Public – Non Institutions: 0 invalid votes, 0 votes cast
Total Voting: 0 invalid votes, 0 votes cast

Scrutinizer's Role and Findings

Dharti Patel, proprietor of M/s. Dharti Patel & Associates, Practicing Company Secretary, was appointed as Scrutinizer by the Board of Directors to scrutinize the remote e-voting and ballot voting process. The scrutinizer confirmed:

The voting process was conducted in a fair and transparent manner
All resolutions received more than the required majority votes
The management was responsible for compliance with Companies Act, 2013 and related rules
The scrutinizer's role was restricted to reporting votes cast for/against resolutions based on NSDL reports and ballot papers

Compliance Confirmation

The voting process was conducted pursuant to:

Circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India
Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015