Meeting Details

The 42nd Annual General Meeting of Asia Capital Limited was held on Saturday, September 19, 2026, at 09:00 a.m. at the company's registered office: 203, Aziz Avenue, CTS-1381, Near Railway Crossing, Vallabhbhai Patel Road, Vile Parle (W), Mumbai-400056.

Voting Results Overview

All four resolutions set out in the Notice were passed by members with requisite majority. The cut-off date for determining shareholders entitled to vote was September 11, 2026.

Resolution-wise Voting Details

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total shares outstanding: 30,92,000
  • Total votes polled: 25,29,010 shares (81.792% participation)
  • Votes in favor: 25,29,000 shares (99.9996%)
  • Votes against: 10 shares (0.000395%)
  • Promoter group: 100% voted in favor (23,18,990 shares)
  • Public non-institutions: 27.1691% participation, 99.9952% in favor

Resolution 2: Appointment of Director Who Retires by Rotation (Ordinary Resolution)

Mr. Devendrasingh Ramola (DIN: 08102252) was re-appointed as director

  • Total votes polled: 25,29,010 shares (81.792% participation)
  • Votes in favor: 25,29,000 shares (99.9996%)
  • Votes against: 10 shares (0.000395%)
  • Promoter group: 100% voted in favor (23,18,990 shares)

Resolution 3: Consideration and Approval of Borrowings (Special Resolution)

  • Authorization to borrow up to ₹100.00 Crore (Rupees One Hundred Crore Only)
  • Borrowing may exceed aggregate of paid-up capital and free reserves
  • Total votes polled: 25,29,010 shares (81.792% participation)
  • Votes in favor: 25,29,000 shares (99.9996%)
  • Votes against: 10 shares (0.000395%)

Resolution 4: Appointment of Secretarial Auditor (Ordinary Resolution)

Mr. Anand Khandelia, Practicing Company Secretaries (Peer Review No. 3985/2023) appointed as Secretarial Auditor for five years from conclusion of this AGM till conclusion of 47th AGM

  • Remuneration to be mutually agreed between Board and Secretarial Auditors
  • Total votes polled: 25,29,010 shares (81.792% participation)
  • Votes in favor: 25,29,000 shares (99.9996%)
  • Votes against: 10 shares (0.000395%)

Scrutinizer Appointment and Process

Advocate Sanjay Kumar Lalit (Enrolment No.: MAH/3434/2013) of Jupiter Legal, Advocates & Legal Consultants was appointed as Scrutinizer vide resolution dated August 24, 2026. The company used NSDL's e-voting facility and also provided physical ballot forms for members without e-voting access.

Voting Participation Statistics

  • Total equity shares: 30,92,000
  • Total valid votes cast: 25,29,010 shares (81.792%)
  • Number of members voting: 20
  • Members assenting to resolutions: 15
  • Members dissenting to resolutions: 5
  • No invalid votes declared

Physical Voting Details

Three shareholders voted through physical ballot forms totaling 1,10,001 shares:

  • Barkha Thakur (Client ID: 11745298) - 50,000 shares
  • Dipali Laxman Kochrekar (Client ID: 38502156) - 60,000 shares
  • Sakshi Matkar (Client ID: 12081800023 12081) - 1 share

Witness Procedures

The ballot box was locked empty and opened after voting in presence of two witnesses:

  • Sanjay Agrawal (DPID/Client ID: IN300214/24642620)
  • Shatrughna A Mandal (DPID/Client ID: IN300214/24727449)

Same witnesses were present for unblocking remote e-voting facility.

Additional Documents

The Scrutinizer's Report is available on company website: https://www.asiacapital.in/scrutinizer-report.html