REG - Ashoka India Equity - Result of AGM

Ashoka India Equity Investment TrustAnnouncement

10/12/2025 14:15

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RNS Number : 0511L  Ashoka India Equity Investment Tst  10 December 2025

10 December 2025

 

Ashoka India Equity Investment Trust plc

LEI: 213800KX5ZS1NGAR2J89

Result of Annual General Meeting

 

The Board of Ashoka India Equity Investment Trust plc (the "Company") is
pleased to announce that all of the resolutions put forward at the AGM today
were voted on by way of a poll and were duly passed.

 

The results were as follows:

 

 Resolution                                                                            In Favour/             Against            Withheld

                                                                                       Discretionary**                           ****
                                                                                       Votes       %***       Votes      %***    Votes
 1       To receive and adopt the Company's Annual Report and Accounts for the year    66,245,033  99.95%     32,538     0.05%   54,842
         ended 30 June 2025.
 2       To approve the directors' Remuneration Report, included in the Annual Report  66,034,192  99.77%     149,016    0.23%   149,205
         and Accounts, for the year ended 30 June 2025.
 3       To approve the Company's Remuneration Policy.                                 66,023,141  99.76%     156,911    0.24%   152,361
 4       To re-elect Andrew Watkins.                                                   65,296,276  98.55%     959,641    1.45%   76,495
 5       To re-elect Dr Jerome Booth.                                                  56,739,192  85.64%     9,514,301  14.36%  78,920
 6       To re-elect Rita Dhut.                                                        65,440,217  98.78%     810,695    1.22%   81,501
 7       To re-elect Jamie Skinner.                                                    65,438,326  98.77%     812,586    1.23%   81,501
 8       To re-appoint Ernst & Young LLP as independent auditor to the Company.        66,032,008  99.74%     174,947    0.26%   125,458
 9       To authorise the Audit Committee to determine the remuneration of the         66,183,781  99.87%     86,392     0.13%   62,240
         independent auditor.
 10      To approve the Dividend Policy, included in the Annual Report and Accounts,   66,187,357  99.91%     59,114     0.09%   85,942
         for the year ended 30 June 2025.
 11      To approve an increase in the Company's Investment Policy limit from 12% to   66,122,093  99.84%     104,225    0.16%   106,095
         15% to invest in gross assets (calculated at the time of investment) in
         unquoted companies with a Significant Presence in India.
 12      To authorise the Company to allot shares for the purposes of section 511 of   66,117,591  99.81%     128,842    0.19%   85,980
         the Companies Act.
 13      To authorise the Company to allot shares on a non-pre-emptive basis pursuant  65,955,255  99.57%     286,342    0.43%   90,816
         to sections 570 and 573 of the Companies Act 2006.*
 14      To authorise the Company to repurchase its shares.*                           66,149,984  99.84%     104,181    0.16%   78,248
 15      That a general meeting be called on not less than 14 clear days' notice.*     66,047,419  99.68%     213,135    0.32%   71,859

 

* Special resolutions

** Includes discretionary votes.

*** Rounded to two decimal places.
**** A vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes "for" or "against" the relevant
Resolution.

 

Shareholders are entitled to one vote per share.

 

The Company had 168,942,811 ordinary shares of 1 pence each in issue at the
voting record time for the Annual General Meeting. Therefore, the total voting
rights in the Company for the purpose of the Annual General Meeting comprised
168,942,811 votes.

 

The full text of the Resolutions is contained in the Notice of AGM. The Notice
of AGM along with copies of all resolutions passed, other than ordinary
business, are available for viewing on the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website at https://www.ashokaindiaequity.com
(https://www.ashokaindiaequity.com) .

 

 

 

Enquiries:

 NSM Funds (UK) Limited
 Company Secretary
 ashoka@nsm.group (mailto:ashoka@nsm.group)

 

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