Amarnath Securities Ltd

Dematerialisation/rematerialisation status

• No dematerialisation requests for equity shares were received during 01.07.2026 to 30.09.2026.

AGM Details

• Date, time, and mode: 30 September 2026, 12:00 IST, via VC/OAVM.
• Conclusion: meeting ended at 12:13 PM IST; 20 members attended.
• Chairman: Mr. Chetan Patel; all directors present.
• Remote e-voting window: 27-29 September 2026.
• Scrutinizer: Shravan A. Gupta & Associates (COP No. 9990).

Resolutions

• Resolution 1 (Ordinary): Adopt financials and reports for year ended 31 March 2025; Passed.
• Resolution 2 (Ordinary): Reappointment of Director Chetan Balubhai Patel; Passed.
• Resolution 3 (Special): Appointment of Secretarial Auditor and remuneration; Passed.
• Resolution 4 (Special): Remuneration for Directors/Managers in inadequate profits; Passed.
• Resolution 5 (Special): Borrowing powers and creation of charge; Passed.
• Resolution 6 (Special): Approval of material related party transactions; Passed.
• Resolution 7 (Special): Elevation of Mrs. Kinnari Patel to Executive Whole-Time Director; Passed.

Director Changes

• Reappointment of Chetan Balubhai Patel on rotation.
• Designation changed: Mrs. Kinnari Patel became Executive Whole-Time Director.

Auditor/Secretarial Appointments

• Secretarial Auditor appointed; remuneration approved.

Amarnath Securities Limited: Trading window closed for designated employees and their immediate relatives from October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results (both days inclusive) for the quarter and half year ended September 30, 2026.

Financials

• Total income for FY2025-26: ₹81.01 lakh.
• Profit before tax: ₹-520.91 lakh.
• Profit after tax: ₹-520.91 lakh.
• Total expenses: ₹601.92 lakh.
• Earnings per share: ₹-17.35.
• Dividend declared: none for the year.
• Equity share capital: ₹300.02 lakh; 30,00,200 shares.
• Net worth: ₹-373.06 lakh.
• Borrowings: ₹68.10 lakh.
• Cash & cash equivalents: ₹3.48 lakh.

Capital & Dividends

• Authorized share capital: ₹700.00 lakh.
• No fresh issue of shares during the year.
• Net worth remained negative; liquidity pressures implied.
• No dividend declared for FY2025-26.

Governance & AGM

• 32nd AGM scheduled for 30 September 2026 at 12:00 PM via VC/OAVM.
• Cut-off date for e-voting: 23 September 2026.
• Remote e-voting window: 27–29 September 2026.
• Notice includes Ordinary & Special Business; director appointment item.
• Board met 7 times; committees: Audit, Nomination & Remuneration, Stakeholders.
• Statutory Auditor: H K Shah & Co; basis for qualified opinion.

Related Party Transactions

• Related party transactions are in ordinary course and arm's length.
• Audit Committee pre-approval obtained for related party contracts.
• Loans to related parties: ₹2.50 lakh outstanding.

Audit & Internal Controls

• Auditors issued a qualified opinion due to missing RBI compliance documents and absent Company Secretary.
• Internal control system: not fully robust; loan documentation gaps observed.
• Secretarial audit: Anirudh Tanvar appointed for five years, subject to shareholders' approval.

Management Discussion & Outlook

• FY2025-26 performance remained challenging; losses driven by loan write-offs.
• Management aims diversification into NBFC-related activities with prudent risk controls.
• Outlook: NBFC sector remains positive, with regulatory and competitive pressures.

Risks & Governance Context

• Key risks include macroeconomics, interest rates, liquidity, and credit risk.
• Regulatory changes could increase compliance costs for NBFCs.
• Cybersecurity and technology risk due to digitalization.

Transaction details under Reg. 29(2)

• Target Company: Amarnath Securities Ltd.
• Disclosing Party: GX Ventures LLP with PACs GX Capital Pvt Ltd, Novita Brands Pvt Ltd, Pawan Jain; non-promoter.
• Transaction Type: Acquisition of voting shares.
• Pre-transaction holding: 283,230 shares, 9.44% voting rights.
• Transaction Details: Acquired 10,048 shares (0.34%) via open market.
• Post-transaction holding: 293,278 shares, 9.78% voting rights.
• Date of transaction: 15/09/2026.
• Equity share capital before/after: INR 3,00,02,000 (30,00,200 shares).
• Total diluted share capital after: 30,00,200 equity shares.

AGM Details

• Date/time/mode: 30 Sep 2026, 12:00 PM, via VC/OAVM.
• E-voting cutoff: 23 Sep 2026.
• Books closed: 23–29 Sep 2026 (inclusive).
• Deemed venue: registered office; AGM via VC/OAVM.
• Scrutinizer appointed: Shravan Gupta & Associates.

Resolutions to be Voted

• Item 1 (Ord): Adopt P&L and Balance Sheet for year ended 31 March 2026.
• Item 2 (Ord): Reappointment of Chetan Balubhai Patel by rotation.
• Item 3 (Ord): Appoint Anirudh Tanvar as secretarial auditor for five years; remuneration fixed.
• Item 4 (Special): Approve managerial remuneration up to Rs 5 crore per annum in no profits.
• Item 5 (Special): Approve secured/unsecured borrowing powers and creation of charge.
• Item 6 (Special): Approve material related party transactions.
• Item 7 (Ord): Change designation: Mrs. Kinnari Patel to Executive Whole-Time Director.

Director Changes

• Reappointment of Chetan Balubhai Patel by rotation.
• Change designation: Mrs. Kinnari Patel to Executive Whole-Time Director from 10 Apr 2026 for 5 years.
• Secretarial auditor appointment: Anirudh Tanvar for 2026-27 to 2030-31; remuneration to be fixed.
• Scrutinizer appointment: Shravan Gupta & Associates for AGM.

Secretarial Auditor & Scrutinizer

• Secretarial auditor: Anirudh Tanvar for five-year term; remuneration to be fixed by Board/Audit Committee.
• Scrutinizer: Shravan Gupta & Associates appointed for AGM.

Related Party & Borrowing

• RPTs: Related party transactions to be approved; terms to be at arm's length.
• Borrowing powers: Board to borrow and create charge; delegation allowed.

Engagement with PK Juices Group

• ASL entered a consulting engagement for expansion, including strategic mentoring and funding evaluation.
• The engagement covers expansion guidance, funding-source evaluation, and potential ASL investment subject to due diligence.
• No amount is committed or disbursed; any investment would require board approval and compliance checks.
• Due diligence, regulatory compliance, and internal approvals are prerequisites before definitive agreements.
• PK Juices Group operates in FMCG distribution in South Gujarat.
• ASL states this engagement does not constitute a commitment at this stage.
• Any future investment would follow applicable laws, related-party rules, and internal policies.
• The company will disclose material developments upon crystallization of any transaction.

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.

Board action and results

• Unaudited results for quarter ended June 30, 2026 approved by the board.
• Limited Review Report for the quarter notes a modified opinion from the statutory auditor.
• No loans or debt securities outstanding as of June 30, 2025.

Financial results and auditor opinion

• Approved unaudited financial results for the quarter ended June 30, 2026.
• Limited Review Report for the quarter ended June 30, 2026; auditor issued a modified opinion.