Avonmore Capital to hold 34th AGM on Sep 30, 2026; approves RPTs up to ₹775 crore
Avonmore Capital will hold its 34th AGM on September 30, 2026. The company has approved material related party transactions totaling ₹775 crore until the 35th AGM. This includes ₹525 crore with AGSL, ₹190 crore with AGICL, and ₹60 crore with AFSL. The AGM agenda also includes director appointments and reappointment of the Managing Director with revised remuneration.
The approval of substantial related party transactions up to ₹775 crore has a medium impact as it involves significant financial dealings between related entities, requiring shareholder oversight. The AGM proceedings themselves are routine but necessary for corporate governance.
The announcement is primarily procedural, related to the AGM and related party transactions. While the transactions are significant in value, they are routine approvals and do not indicate a change in the company's fundamental financial performance or outlook.
Avonmore Capital & Management Services Limited has announced the convening of its 34th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 1:30 p.m. IST, to be conducted through Video Conferencing/Other Audio-Visual Means.
The company has fixed Friday, August 28, 2026, as the cut-off date for determining shareholder eligibility to receive the AGM notice and Annual Report for the financial year 2025-26. The Annual Report and AGM Notice are also available on the company's website.
The agenda for the AGM includes considering and adopting the Audited Financial Statements (Standalone and Consolidated) for FY 2025-26, appointing a director, and approving the continuation of Mr. Satish Chandra Sinha and Mr. Rajkumar Khanna as non-executive Independent Directors beyond the age of 75. Additionally, the reappointment and revision of managerial remuneration for Mr. Ashok Kumar Gupta, Managing Director & KMP, for a five-year term from December 31, 2026, to December 30, 2031, will be considered. His revised gross salary will be ₹3,43,760 per month, inclusive of perquisites, with potential annual increments.
The meeting will also seek shareholder approval for material related party transactions. This includes transactions with Almondz Global Securities Limited (AGSL) up to ₹525 crore, with Almondz Global Infra-Consultant Limited (AGICL) up to ₹190 crore, and with Almondz Financial Services Limited (AFSL) up to ₹60 crore. These transactions, which involve loans, sale/purchase of securities, and professional fees, are proposed to be ratified and continued until the 35th AGM, not exceeding fifteen months, and are considered to be on an arm’s length basis and in the ordinary course of business.
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Avonmore Capital & Management Services Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Avonmore Capital & Management Services Limited. Read the original for the full detail.