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/ Discretionary** | Against | Withheld **** | |||
| | | Votes | %*** | Votes | %*** | Votes |
| 1 | To receive and adopt the Company's Annual Report and Accounts for the year ended 30 June 2025. | 66,245,033 | 99.95% | 32,538 | 0.05% | 54,842 |
| 2 | To approve the directors' Remuneration Report, included in the Annual Report and Accounts, for the year ended 30 June 2025. | 66,034,192 | 99.77% | 149,016 | 0.23% | 149,205 |
| 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 independent auditor. | 66,183,781 | 99.87% | 86,392 | 0.13% | 62,240 |
| 10 | To approve the Dividend Policy, included in the Annual Report and Accounts, for the year ended 30 June 2025. | 66,187,357 | 99.91% | 59,114 | 0.09% | 85,942 |
| 11 | To approve an increase in the Company's Investment Policy limit from 12% to 15% to invest in gross assets (calculated at the time of investment) in unquoted companies with a Significant Presence in India. | 66,122,093 | 99.84% | 104,225 | 0.16% | 106,095 |
| 12 | To authorise the Company to allot shares for the purposes of section 511 of the Companies Act. | 66,117,591 | 99.81% | 128,842 | 0.19% | 85,980 |
| 13 | To authorise the Company to allot shares on a non-pre-emptive basis pursuant to sections 570 and 573 of the Companies Act 2006.* | 65,955,255 | 99.57% | 286,342 | 0.43% | 90,816 |
| 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 and on the Company's website at https://www.ashokaindiaequity.com.
Enquiries:
| NSM Funds (UK) Limited |
| Company Secretary |
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