Bridge Securities Ltd

Bridge Securities Ltd: Closure of Trading Window

Board outcome

• Appointment of Komal Jain as Additional Non-Executive Independent Director not approved; no appointment takes effect.
• Appointment of Savitri Kumari as Additional Non-Executive Independent Director not approved; no appointment takes effect.
• Revised outcome clarifies items were deliberated but not approved; supersedes earlier statement.
• Board meeting held 26 September 2026, 4:00-4:40 PM, at Ahmedabad registered office.

Director appointments

• Appointment: Komal Jain as Additional Non-Executive Independent Director; effective 26 Sep 2026; CS/LLB, 8+ yrs governance; not related.
• Appointment: Savitri Kumari as Additional Non-Executive Independent Director; effective 26 Sep 2026; ICSI Associate, governance/regulatory; not related.

AGM Details

• Date and time: 21-09-2026, 3:30 PM to 3:36 PM.
• Mode: VC/OAVM.
• Meeting commenced 3:30 PM and concluded 3:36 PM.
• Record date: 11-09-2026; shareholders on record: 20,170.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt financials, board report; Passed.
• Resolution 2 (Ordinary): Re-appoint director retiring by rotation; Passed.
• Resolution 3 (Special): Alter MOA/Articles to amend object clauses; Passed.
• Resolution 4 (Special): Change company name and amend MOA/Articles; Passed.
• Resolution 5 (Special): Regularize director as Non-Executive Independent; Passed.

Voting & attendance

• Total votes polled: 7,193,983; in favour 7,193,782; against 201.
• Promoter group attendance: 0; Public via VC: 35.

AGM Details

• Date and time: 21 September 2026, 3:30 PM.
• Mode: VC/OAVM; deemed venue: registered office.
• Voting cut-off: 11 September 2026.
• AGM concluded at 3:36 PM.
• Notice and E-voting window published; remote voting conducted via NSDL.

Key Resolutions & Outcomes

• Resolution 1: Adopt audited financial statements for FY2026; Passed with 99.997% in favour.
• Resolution 2: Re-appoint Harshad Amrutlal Panchal; Passed with 99.997% in favour.
• Resolution 3: Alter MOA to delete main object clause; Passed with 99.997% in favour.
• Resolution 4: Change company name and amend MOA/Articles; Passed with 99.997% in favour.
• Resolution 5: Regularize Sanketkumar Dave as Non-Executive Independent Director; Passed with 99.997% in favour.

Director Changes

• Harshad Amrutlal Panchal re-appointed as Director (retiring by rotation).
• Sanketkumar Dave appointed as Non-Executive Independent Director; regularized.

AGM Details

• 31st AGM held via VC/OAVM on 21 September 2026, from 3:30 PM to 3:36 PM.
• Meeting chaired by MD; quorum was present.
• Meeting concluded at 3:36 PM.

Resolutions

• Ordinary: adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: re-appoint Harshad Amrutlal Panchal by rotation.
• Special: alter MOA by deletion of main object clause.
• Special: change company name and amend MOA and AoA.
• Special: regularize Sanketkumar Dave as Non-Executive Independent Director.

Voting Results

• Consolidated voting results to be announced within two working days.

Book closure details

• Book closure: 14 September 2026 to 21 September 2026 (both days inclusive) for AGM.
• Security: Equity shares.
• Cut-off date for sending notice: 21 August 2026.
• Cut-off date for e-voting: 11 September 2026.
• Purpose: Determining shareholders to send AGM notice.
• Purpose: Determining shareholders to participate in e-voting of 31st AGM.

Director and committee changes

• Alter MOA by deleting Objects 1–4 and re-numbering remaining objects.
• Change company name to Weorg Enterprises Limited.
• Resignation of Manish Shrichand Bachani as Non-Executive and Independent Director w.e.f. 27 Aug 2026.
• Appointment of Sanketkumar Dave as Additional Non-Executive and Independent Director w.e.f. 27 Aug 2026.
• Reconstitution of Audit Committee, NRC and Stakeholder Relationship Committee w.e.f. 27 Aug 2026.
• AGM date fixed: 21 September 2026 via VC/OAVM.
• New appointee: Sanketkumar Dave, not related to other directors.
• Profile: Sanketkumar Dave, Partner at India Air Services since 2016; CAD/Mechanical drafting background (2000).
• Resigning director cited personal reasons.

Financial highlights

• Revenue from operations: Rs 215.10 Lakhs in FY2025-26.
• Total revenue: Rs 248.16 Lakhs, up from Rs 197.69 Lakhs.
• Profit before tax: Rs 210.62 Lakhs; net profit after tax: Rs 155.07 Lakhs.
• Earnings per share: Rs 0.40 (basic/diluted).
• Dividend: no dividend recommended for FY2025-26.

Operations and segment

• Single segment: Commission from Agriculture activities.
• Turnover from agriculture: Rs 215.10 Lakhs.
• Other income: Rs 33.05 Lakhs.
• New activity revenue from commissions on agricultural products: Rs 164.58 Lakhs.
• No change in the nature of business during the year.

Capital structure & equity

• Authorised share capital: Rs 11 Crore (11,00,00,000 shares).
• Paid-up share capital: Rs 388.76 Lakhs (3,88,76,000 shares).
• 52,63,000 warrants converted into 52,63,000 equity shares.
• Proposed change of name to Weorg Enterprises Limited dropped.
• Registered office shifted within Ahmedabad in Oct 2025.
• There are no promoters in the company as of 31-03-2026.
• Top shareholders (>5%): Harshad Panchal 11.11%; Keyventure Enterprises 14.67%.

Cash flows and liquidity

• Net cash from operating activities: Rs (231.76) Lakhs.
• Investing activities: Nil (no asset purchases in FY2025-26).
• Net cash from financing activities: Rs 222.91 Lakhs.
• Net decrease in cash and cash equivalents: Rs (8.85) Lakhs.
• Ending cash balance: Rs 5.23 Lakhs.

Governance & compliance

• Statutory auditors: Mitali Modi & Co.; Secretarial auditors: Jitendra Parmar & Associates.
• CFO vacancy persisted beyond six months; appointment subsequently made.
• Independent Directors: Urvi Shah, Ashvinkumar Thakkar; Sanketkumar Dave appointed Aug 27, 2026.
• Audit committee and other committees function; Secretarial audit reported no adverse remarks.

Related parties & controls

• Related party transactions disclosed; no material RPTs during the year.
• Remuneration to KMP: Harshad Panchal Rs 12.00 Lakhs; Ashish Sharda Rs 1.80 Lakhs.
• Loans to related parties outstanding Rs 48.50 Lakhs; balances with Hemil Finstock and Benchmark Entertainment.
• Internal financial controls: adequate and operating effectively; no material weaknesses.

MD&A and outlook

• MD&A covers India’s growth around 6.5% for FY2025-26 with sector risks.
• Risks include monsoon variability, commodity price volatility, and regulatory changes.
• Risk management framework is in place to monitor financial, market, and operational risks.