Ashika Credit Capital Limited Announces 32nd Annual General Meeting
Ashika Credit Capital Limited (Scrip Code 543766), a non‑banking financial company listed on the Bombay Stock Exchange, has issued the official schedule and results for its 32nd Annual General Meeting (AGM). The notice, released on 6 September 2025, confirms that the AGM will be held on 29 September 2025 and provides a summary of the proceedings, voting outcomes, and compliance with SEBI regulations.
Meeting Logistics
| Item | Details |
|---|---|
| Date of AGM | 29 September 2025 |
| Location | Not explicitly stated in the released documents; the notice references the BSE Corporate Service Office at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. |
| CIN | L67120WB1994PLC062159 |
| Scrip Code | 543766 |
| Regulation Compliance | Summary of proceedings submitted in accordance with SEBI (LODR) Regulations, 2015, Regulation 44. |
The notice is addressed to the General Manager, Department of Corporate Service, BSE Ltd, indicating that all procedural requirements have been observed. The document follows the standard format for AGM disclosures, ensuring transparency for shareholders and regulators.
Voting Results and Resolutions
While the detailed vote tallies are not reproduced in the public notice, the summary confirms that all resolutions presented to shareholders were reported and recorded in the AGM proceedings. This includes typical corporate matters such as appointment of auditors, approval of annual accounts, and election of directors—though the exact list of resolutions is not disclosed in the excerpt.
Context within the Company’s Performance
Ashika Credit Capital operates primarily through fund‑based activities, providing loans, advances, inter‑corporate deposits, and investments in securities. It also offers restructuring finance and investment advisory services to clients across India. As of 4 September 2025, the company’s share price closed at ₹371.35, reflecting a modest increase from the 52‑week low of ₹291.25 and a decline from the 52‑week high of ₹915. The market capitalization stands at approximately ₹14.18 billion (₹1,418,202,7554).
The AGM’s timing is consistent with the company’s fiscal calendar, aligning with the reporting of its financial year ending in August. The meeting is crucial for shareholders to assess the company’s strategy, governance, and performance, particularly as it navigates a competitive non‑banking financial sector.
Regulatory and Corporate Governance Framework
Ashika Credit Capital’s AGM notice adheres to the SEBI (LODR) Regulations, 2015, ensuring that the company meets its disclosure obligations. The notice references Regulation 44, which requires the filing of a summary of proceedings and voting results within a specified period after the AGM. By fulfilling this requirement, the company reinforces its commitment to transparency and regulatory compliance.
Conclusion
The 32nd AGM of Ashika Credit Capital Limited represents a routine yet essential milestone in the company’s corporate governance cycle. Shareholders will have the opportunity to scrutinize the company’s financial health, strategic direction, and executive appointments. While the public notice does not divulge the granular voting outcomes or specific resolutions, it confirms that all procedural standards have been met and that the company remains compliant with SEBI’s listing obligations. As the financial markets continue to evolve, such disclosures serve as vital checkpoints for investors assessing the stability and prospects of non‑banking financial institutions like Ashika Credit Capital.