Notice of EGM to the members of Arohan Financial Services - 21st October, 2024

30 September 2024

Notice is hereby given that the Extra Ordinary General Meeting (EGM) of the Members of Arohan Financial Services Limited will be held on Monday, October 21, 2024, at 16:00 Hours (I.S.T) through Video - facility to transact the following businesses:

Special Business:

• Adoption of new Articles of Association of the Company
  
• Approval of the Initial Public Offer
  

​The shareholders of the Company hereby grant consent, authority, and approval for an initial public offering of Equity Shares, per the relevant sections of the Companies Act, 2013, and other applicable laws. The Board is authorized to create, issue, transfer, offer, and allow up to INR 6000 million Equity Shares, with a provision for an increase of up to 20% (up to INR 7200 million) as allowed under SEBI ICDR Regulations. The offer will be made at a price to be determined by the Company in consultation with the Book Running Lead Manager through the book-building process, with the flexibility to choose the premium or discount per Equity Share as permitted under Applicable Laws. The Board, in consultation with the BRLMs, will also decide on the terms and conditions, manner, period, and eligible entities for the offer. All powers devolved according to this resolution may be exercised by the Board or any duly constituted Committee of the Board, including the IPO Committee, without requiring any further approval of the members.

• ​Appointment of Mr. Jose Joseph Kattoor (DIN: 09213852), as a Non-Executive Independent Director of the Company
• Increase in investment limits for Non-Resident Indians and Overseas Citizens of India.
  
• Amendment in the 'Arohan Employee Stock Option Plan 2010' ("ESOP 2010"/"Plan").
  
• Amendment in the "AROHAN EMPLOYEE STOCK OPTION PLAN 2018' ("ESOP 2018"/ "Plan").
  
• Amendment in the "AROHAN EMPLOYEE STOCK OPTION PLAN 2021' ("ESOP 2021"/ "Plan").