Amarnath Securities Ltd

Key details

• Target Company: Amarnath Securities Ltd.
• Disclosing Party: Acquirer Prakash Shah; PACs Mrs. Suman Prakash Shah (non-promoter).
• Transaction Type: Acquisition of equity shares.
• Pre-Transaction Holding: 1,59,532 shares (5.317%).
• Transaction Details: 62,303 shares acquired, 2.076%.
• Post-Transaction Holding: 2,21,835 shares (7.393%).
• Date of Transaction: 14 August 2026.
• Mode of transaction: Open Market.
• Equity capital before/after: INR 3,00,02,000; 30,00,200 shares.
• Total diluted capital after: INR 3,00,02,000; 30,00,200 shares.

Meeting Details

• Board meeting scheduled for Friday, August 14, 2026 (time and venue not disclosed).

Key Agenda Items

• Consider unaudited financial results for the quarter ended June 30, 2026.

Appointment details

• Appointee: Mr. Atul Kumar, Fellow Member of ICSI, appointed as Company Secretary & Compliance Officer.
• Effective date: August 01, 2026.
• Reason for change: Appointment of Company Secretary & Compliance Officer.
• Profile: ICSI Fellow with 33 years in corporate laws.
• Qualifications: B.Com (Delhi University); PG Diploma in Financial Management; LLB.
• Disclosures: No relationships with directors or promoters disclosed.
• Governance role: Designated KMP with authority under applicable regulations.
• Term: As per appointment letter.

Acquisition details

• Target: Amarnath Securities Ltd.
• Acquirer: GX Ventures LLP; PACs: GX Capital Pvt Ltd, Novita Brands Pvt Ltd, Pawan Jain, Monika Jain.
• Acquirer belongs to promoter/promoter group: No.
• Pre-transaction holding: 199,893 voting shares (6.66%).
• Mode: Open Market; Date: 24/07/2026.
• Acquired 29,137 voting rights shares; 0.97%.
• Post-transaction holding: 229,030 voting shares (7.63%).
• Share capital before/after: INR 3,00,02,000 / 30,00,200 equity shares.
• Total diluted share capital after acquisition: INR 3,00,02,000 / 30,00,200 equity shares.

Resignation

• Mr. Nitin Walunj resigned as Independent Director of Amarnath Securities Limited.
• Resignation effective 30 April 2026.
• Reason stated: pre-occupation, unable to discharge duties.
• He confirmed no other material reasons beyond those disclosed.
• No listed-entity directorships or committee positions were disclosed.
• No regulatory or shareholder approval for resignation was mentioned.

Equity Issuance and Shareholding

• Board approved issuance of up to 316,200 equity shares for conversion of ₹47.43 lakh unsecured loan from promoter group.
• Post-allotment, 13 non-promoter investors will hold 316,197 equity shares, representing 9.53% equity.
• Issue price to be not lower than price determined under SEBI ICDR Regulations.

Corporate Governance and Appointments ️

• M/s. H K Shah & Co. appointed as statutory auditors for FY 2025-26 to FY 2029-30.
• Mr. Rajendrabhai Ramanbhai Patel’s designation changed from Additional Director to Whole-time Director (Executive).
• Mr. Kaustubh Pramod Joshi’s designation changed from Additional Director to Independent Director (Non-Executive).

Postal Ballot and Voting Process ️

• Postal ballot notice approved for loan conversion, auditor appointment, and director designation changes.
• Cut-off date for e-voting and postal ballot eligibility fixed as March 20, 2026.
• Mr. Shravan Gupta appointed as Scrutinizer for postal ballot process.