Ganges Securities Ltd

AGM details

• Held on Aug 11, 2026 at 11:00 IST via VC/OAVM.

Voting entitlement

• Voting rights cut-off: Aug 4, 2026.

Ordinary Resolution

• Adopt standalone and consolidated financial statements for year ended 31 Mar 2026.

Special Resolution

• Re-appoint Ms. Nandini Nopany as director.

Voting results

• Ordinary resolution passed with 99.9995% in favour.
• Special resolution passed with 99.8499% in favour.

Director changes

• Ms Nandini Nopany re-appointed as director; retires by rotation.

AGM Details

• AGM held August 11, 2026 at 11:00 a.m. IST via two-way VC/OAVM.
• No physical attendance; e-voting window August 7–10, 2026; meeting concluded 11:40 a.m. IST.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended March 31, 2026 (ordinary resolution).
• Re-appoint Ms. Nandini Nopany as Director by rotation (special resolution).

Voting Results

• All resolutions passed with the required majority; no significant dissent reported.

Director Changes

• Ms. Nandini Nopany re-appointed as Director (by rotation).

Meeting Details

• Board meeting scheduled on August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026; standalone/consolidated not specified.

Other Notes

• No other material notes disclosed.

Financial performance

• Standalone revenue from operations: 797.42 lakhs, up from 786.95.
• Standalone PBT: 589.03; PAT: 433.64.
• Consolidated revenue from operations: 3,610.90; Consolidated PAT: 268.97.
• Consolidated PBT before tax: 463.97; PAT declined to 268.97 from 506.21.
• Standalone EPS: 4.33; Consolidated EPS: 2.69.
• Dividend declared: none; no amount transferred to reserves.
• No material regulator orders or changes affecting operations.

Capital structure & liquidity

• Authorized capital: Rs 35 crore; issued paid-up capital: Rs 10.00 crore (1,00,03,687 shares).
• No borrowings; debt-equity ratio: Nil.
• Cash & cash equivalents: Standalone 26.80 lakh; Consolidated 99.85 lakh.
• Bank balances (non-cash): Standalone 240.00 lakh; Consolidated 465.00 lakh.
• Cash flow from operations: Standalone 1,220.70 lakh; Consolidated 2,205.77 lakh.
• Cash flow from investing activities: Standalone (1,238.91) lakh; Consolidated (2,375.74) lakh.
• Capital management policy unchanged; no dividend paid.

Subsidiaries & segments

• Subsidiary: Cinnatolliah Tea Limited (CTL) 100% owned.
• CTL turnover: 2,859.93; PAT: (33.79); PBT: 5.82; Tax: 39.61.
• Group reports two segments: Investing and Tea.
• Investing revenue: 750.97; Investing segment profit: 603.51.
• Tea revenue: 2,859.93; Tea segment loss: 128.29.
• Segment assets: Investing 55,641.54; Tea 2,205.13; Unallocable 233.56.

Governance & board

• Board size: six directors; three independent; Chairperson Nandini Nopany; MD Urvi Mittal.
• Five board meetings held in 2025-26; independent directors met on 11 Feb 2026.
• Auditors: Statutory JK V S & Co; Secretarial MR & Associates; Internal M Parasrampuria & Co.
• Three board committees: Audit; Nomination & Remuneration; Stakeholders’ Relationship.
• 12th AGM: 11 August 2026 via VC/OAVM.
• BSE fine of Rs 1 lakh paid for delayed appointment of Company Secretary.
• CTL secretarial audit contains qualifications noted in Annexure A.

Related party transactions & risk management

• Related party transactions are arm’s length; disclosed in notes; policy on RPT on website.
• Inter-corporate deposits to Morton Foods Ltd: 1,921.00; repayments: 1,273.00; interest on loans: 108.62.
• Loans to Morton Foods Ltd: 1,921.00; outstanding from related parties: 1,396.00.
• Priyankar Ghosh: CTL owes 101.86 (current year).
• GSL is an unregistered RBI Core Investment Company; CTL also CIC per RBI guidance.

Audit & internal controls

• Statutory audit opinions are unqualified; no fraud reported.
• Internal financial controls: adequate and operating; no material weaknesses noted.
• Immovable property title deeds partly not in company’s name; disclosed in notes.
• Secretarial audits: CTL has some qualification; overall compliance noted in reports.

Other disclosures & regulatory

• Notice of AGM through VC/OAVM; cut-off date 4 August 2026; AGM on 11 August 2026.
• CSR applicability: not applicable; IEPF disclosures not applicable.
• Code of Conduct and related policies available on company website; compliance by directors and management.

AGM details

• AGM date and time: August 11, 2026 at 11:00 A.M.
• Mode: VC/OAVM
• Members' register closure: Aug 5–Aug 11, 2026 (inclusive)
• e-voting cut-off: August 4, 2026

Resolutions

• Adoption of standalone and consolidated financial statements for FY 2025-26.
• Re-appointment of Ms. Nandini Nopany (75) as Director, retiring by rotation; Special Resolution.

Director changes

• Ms. Nandini Nopany to be re-appointed as Director (special resolution), age 75.

Dematerialisation status

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the exchanges where the earlier securities are listed.
• Certificates received for dematerialisation were mutilated and cancelled after verification; the depository's name is substituted as registered owner.