Arohan Financial Services Limited | Annual Report 2022-23

199 | Annual Report | 2022-2023 Note 50(A): Additional disclosures pursuant to the RBI/2021-22/112DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on Scale Based Regulation (contd) Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated) 3) General Body Meetings Details of the date, place and special resolutions passed at the General Body Meetings are mentioned below Sl. No. Type of Meeting (Annual/ Extra-Ordinary) Date and place Special Resolutions passed 1 Annual General Meeting August 11, 2022 Through video Conferencing/ other audio visual means 1. Increase in borrowing power of the Company; 2. Creation of charge and to provide security; 3. To issue non-convertible debentures; 4. Payment of commission to the Independent Directors; 5. Amendment in the ‘AROHAN EMPLOYEE STOCK OPTION PLAN 2010’ (“ESOP 2010”/ “PLAN”); 6. Amendment in the “AROHAN EMPLOYEE STOCK OPTION PLAN 2018’ (“ESOP 2018”/ “PLAN”); 7. Amendment in the “AROHAN EMPLOYEE STOCK OPTION PLAN 2021’ (“ESOP 2021”/ “PLAN”) and 8. Issue of shares with respect to Arohan Employee Stock Option Plan 2021. 2 Extra Ordinary General Meeting September 26, 2022 Through video Conferencing/ other audio visual means No Special Resolutions passed in this EGM. 3 Extra Ordinary General Meeting November 18, 2022 Through video Conferencing/ other audio visual means To issue cumulative compulsorily convertible preference shares on a preferential basis through private placement. 4 Extra Ordinary General Meeting November 26, 2022 Through video Conferencing/ other audio visual means No Special Resolutions passed in this Extra Ordinary General Meeting (EGM) 5 Extra Ordinary General Meeting December 12, 2022 Through video Conferencing/ other audio visual means 1. Adoption of new/ revised Articles Of Association of the Company in order to align the same with respect to the change in the Amended and Restated Shareholding agreement; 2. To issue cumulative compulsorily convertible preference shares on a preferential basis through private placement." 6 Extra Ordinary General Meeting March 15, 2023 Through video Conferencing/ other audio visual means 1. Reappointment of Mr. Dinesh Kumar Mittal as Chairman and Independent Director; 2. Adoption of new/ revised Articles Of Association of the Company in order to align the same with respect to the change in the Amended and restated Shareholding agreement" 7 Extra Ordinary General Meeting March 29, 2023 Through video Conferencing/ other audio visual means 1. Reclassification of Authorised Share Capital & consequent amendment to the capital clause in the Memorandum of Association of the Company; 2. To issue cumulative compulsorily convertible preference shares on a preferencial basis through private placement.