Geojit Financial Services Ltd

NOC filing for promoter reclassification

• On 27 July 2026, Geojit filed to BSE/NSE seeking NOC for promoter-to-public reclassification.
• Outgoing promoter members total 208,173 shares (0.0745%).
• Subject to regulatory approvals; no final decision yet.
• Regulatory filings under Regulation 31A of SEBI LODR.
• Intimation date on record: 28 July 2026.

AGM Details

• AGM held July 24, 2026 at 4:00 PM via VC/OAVM.
• Cut-off date for voting: July 17, 2026.
• Remote e-voting July 21–23, 2026; AGM voting via VC/OAVM.

Dividend

• Final dividend of Rs 1.50 per equity share approved.

Resolutions and outcomes

• Item 1: Adoption of financial statements – Passed.
• Item 2: Final dividend – Passed.
• Item 3: Reappointment of Punnoose George – Passed; small dissent.
• Item 4: PwC as statutory auditor – Passed; small dissent.
• Item 5: RPT with Geojit Credits (P) Ltd – Passed; small dissent.
• Item 6: RPT among subsidiaries – Passed; small dissent.

Directors and auditors

• Director Punnoose George reappointed; retires by rotation.
• PwC appointed as statutory auditor.

Material related party transactions

• Approval of loan/guarantee/security for Geojit Credits (P) Ltd.
• Approval of related party transactions between subsidiaries.

Meeting Details

• Q1 FY27 Earnings Conference Call on Thursday, 23 July 2026 at 04:00 PM IST.
• Virtual group call with access numbers.
• Organised for Geojit Financial Services.

Participants

• Management representatives: CMD and executive directors.
• CIO, CFO, Company Secretary, and CEO, Private Wealth Services will participate.

Purpose

• Purpose: discuss Q1 FY27 operational and financial performance.

Meeting Details

• Board meeting 22 July 2026 in Kochi to consider un-audited Q1 results for quarter ended 30 June 2026.

Key Agenda Items

• Consider un-audited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after dissemination of results.

Demat/remat processing and listing

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories and listed on exchanges.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository's name substituted as registered owner in the records within prescribed timelines.

Financial performance

• Consolidated total income ₹67,596.02 lakh for FY26; down 9.8% YoY.
• Profit after tax ₹8,358.01 lakh; basic EPS ₹2.88.
• Standalone revenue ₹52,750.89 lakh; standalone PAT ₹6,991.50 lakh.
• Final dividend proposed ₹1.50 per equity share for FY26.
• Cash flow from operating activities ₹23,641.19 lakh; investing cash flow ₹-14,519.06 lakh; financing ₹-10,853.66 lakh.
• Rights issue boosted equity; paid-up capital ₹27.91 crore after Oct-2024 allotment.
• Tax expense ₹2,882.40 lakh; effective tax rate around 25%.
• Record date for FY26 final dividend: 10 July 2026.
• Dividend payout timing: within 20 days of declaration.

Geojit 2.0 strategy & operations

• Pivot from broking to a diversified wealth-distribution platform.
• Three pillars: scaling distribution, global NRI funnels, digital-first AI-led distribution.
• 600+ field sales hires; total staff 3,768 across 524 offices.
• Recurring revenue share rose to 38% in FY26 (vs 20% in FY22).
• Recurring income from PMS/AIF; AUM ~₹23,230 crore; recurring income ₹₹258 crore in FY26.
• Dubai DIFC operations; GIFT City gateway; 50k+ NRI clients in GCC.
• Private Wealth team ~50 RMs; strong tech stack with Flip, FundsGenie, Smartfolios.
• Geojit Yield Plus launched as a Category III AIF; scaling across client segments.
• 78% of network and 76% of clients in Tier II/III markets.

Capital structure & shareholder mix

• Rights issue in 2024- raised ₹199.3 crore; 39.86 million shares issued.
• Paid-up equity capital post-rights ₹27.91 crore; share premium ₹40,716.42 lakh.
• Promoters & major holders: BNP Paribas SA 7.44%, C J George 19.53%, KSIDC 8.36%.
• ESOPs: 9,531,500 options outstanding; multiple ESOS schemes active.
• Final dividend for FY26 proposed ₹1.50 per share; record date 10 July 2026.
• Total borrowings ₹63.98 crore; debt-to-equity ratio ~0.05; strong liquidity.
• Shareholders’ equity ₹1,29,516.50 lakh; retained earnings₹₹67,503.36 lakh.

Governance & risk management

• Board size 10; 7 Independent Directors; diverse expertise.
• Audit Committee met 4 times; chair rotated mid-year.
• Statutory auditors: M/s B S R & Associates LLP; PwC appointed for 2026-31 term.
• Secretarial auditors: Satheesh & Remesh; no material qualifications noted.
• Dividend Distribution Policy disclosed and followed.
• Material related-party transactions disclosed; AGM to approve certain RPTs with GCPL.

ESG & CSR highlights

• CSR spend ₹2.16 crore; CSR obligation ₹3.34 crore; ₹1.17 crore unspent carried forward to CSR account.
• CSR initiatives: GCCOSS, SPC, Maths Action Labs, Udbodh dementia care, Rajesh Nair Scholarship.
• Environmental: IGBC LEED-certified head office; 70 kWp solar; 1.37% HO and 1.0% branch energy reductions.
• Rainwater harvesting: 3849 KL; 26.2 tonnes waste diverted; e-waste recycled; circular economy initiatives.
• ISO 27001 certification; strong data privacy and cybersecurity framework.

Outlook & risks

• Global macro: West Asia conflict; oil prices higher; IMF three-scenario outlook (benign/adverse/severe).
• Indian BFSI outlook: expected 10-12% annual growth; NPA improved to ~1.73%.
• Domestic markets: FII outflows in Mar-2026; DIIs inflows; IPO activity strong in FY26.
• Geojit’s opportunity from expanding Tier II/III wealth; cross-border wealth via GCC and GIFT City.

Shareholder info & AGM updates

• Annual General Meeting: July 24, 2026; VC/OAVM; record date July 10, 2026.
• Remote e-voting: July 21-23, 2026; venue e-meeting via NSDL system.
• Final dividend proposed ₹1.50; last year's dividend₹1.50 paid.
• New statutory auditor appointment: PwC for 2026-31; existing auditors (BSR) to retire.

AGM Details

• 32nd AGM scheduled for 24 July 2026 at 4:00 PM, via VC/OAVM.