Autoriders International Board Approves Key Resolutions

1. Appointment of Secretarial Auditor

The Board, based on recommendation of the Audit Committee, approved appointment of M/s. HRU & Associates as Secretarial Auditors.
Appointment details: Practicing Company Secretaries holding Membership No. A46800 and Certificate of Practice No. 20259, Peer Review No: 3883/2023.
Term: Five consecutive years from 1st April, 2026 to 31st March, 2031.
Subject to approval of members at the ensuing Annual General Meeting.
Pursuant to Section 204 of Companies Act, 2013 and Regulation 24A(1)(c) of SEBI Listing Regulations.

2. Increase in Asset Charge Creation Limit

Board approved increase in limits under section 180(1)(a) of Companies Act, 2013.
From ₹100 crores (Indian Rupees One Hundred Crores Only) to ₹200 crores (Indian Rupees Two Hundred Crores Only).
For creation of charge on assets of the Company.
Subject to approval of members in the ensuing Annual General Meeting.

3. Increase in Borrowing Limits

Board approved increase in overall borrowing limits under section 180(1)(c) of Companies Act, 2013.
From ₹100 Crores (Indian Rupees One Hundred Crores Only) to ₹200 Crores (Indian Rupees Two Hundred Crores Only).
Will enable borrowing from banks, financial institutions, NBFCs, corporate bodies or any other lender in India and abroad.
Borrowing permitted in rupees or any other permitted foreign currency.
Subject to approval of members in the ensuing Annual General Meeting.

4. Re-designation of Director

Based on recommendation of Nominations & Remuneration Committee, Board approved re-designation of Mrs. Maneka Vijay Mulchandani (DIN: 00491027).
Re-designated as Executive Director in the category of Whole-Time Director.
Term: Three years commencing from 20th August, 2026 to 19th August, 2029.
Remuneration: Up to maximum of ₹50,00,000/- (Indian Rupees Fifty Lakhs Only) per annum.
Liable to retire by rotation.
Subject to approval of members at the ensuing Annual General Meeting.
Subject to provisions of Sections 196, 197, 198, 203 and other applicable provisions of Companies Act, 2013.

5. Amendment to Memorandum of Association

Board approved adoption of new set of Memorandum of Association in line with Companies Act, 2013.
Alteration of object clause by inserting new sub-clause 6 under Clause III(A).
New business activities: Renewable energy including generation, transmission, distribution, trading and supply of solar, wind, hydro energy and other sustainable energy technologies.
Subject to approval of members in the ensuing Annual General Meeting and regulatory authority.

Outcome will be uploaded on Company's website: https://autoriders.in/investor/
All resolutions require shareholder approval at the ensuing Annual General Meeting
Filed by Priyanshi Joshi, Company Secretary and Compliance Officer (Membership Number: 77367)

Annexure A: Details of Secretarial Auditor appointment including profile of M/s. HRU & Associates (sole proprietorship firm led by Mr. Himanshu Rohit Upadhyay)
Annexure B: Director re-designation details including profile of Mrs. Maneka Vijay Mulchandani (extensive experience in car renting industry, accounts and business marketing)
Annexure C: Details of Memorandum of Association amendment for renewable energy business diversification