Indbank Merchant Banking Services Ltd

Indbank Merchant Banking Services Limited — Closure of trading window from 30 September 2026 till 48 hours after the declaration of financial results for the quarter ended 30 September 2026

AGM Details

• Date and time: 24 September 2026 at 11:30 AM via VC/OAVM.
• Record date: 50,125 shareholders.
• Mode: Video Conferencing / Other Audio-Visual Means.
• Scrutinizer report submitted for the AGM.

Key Resolutions

• Resolution 1: Adopt audited financial statements for FY2026 (ordinary).
• Resolution 2: Re-appoint Sunil Jain as director (retiring by rotation).

Voting Results

• Resolution 1 passed as Ordinary; 99.99% in favour, 0.01% against.
• Resolution 2 passed as Ordinary; 99.99% in favour, 0.01% against.

Director Changes

• Director Sunil Jain re-appointed as Nominee Director after rotation.

AGM details and ordinary resolutions

• AGM held on 24 September 2026 at 11:30 AM via VC/OAVM.
• Meeting commenced 11:30 AM and concluded at 12 Noon.
• Ordinary Business: adopt audited financial statements for year ended 31 March 2026.
• Ordinary Business: re-appoint Sunil Jain as Nominee Director by rotation.
• Remote e-voting conducted Sep 21–23, 2026; votes counted at AGM.
• Scrutinizer appointed to conduct e-voting; results to exchanges and website.
• No other material business mentioned.

Book closure and AGM details

• Book closure: 18 September 2026 to 24 September 2026 (both days inclusive).
• Purpose: for the Annual General Meeting of FY 2025-26.
• Record date: 17 September 2026; voting rights reckoned as on that date.
• AGM date: 24 September 2026 at 11:30 AM via video conferencing.
• Security: Equity shares.
• E-voting: 21 September 2026 9:00 AM to 23 September 2026 5:00 PM IST.

Financial performance

• FY2025-26 revenue from operations: 2511.27 lakhs.
• Total income for the year: 2515.29 lakhs.
• Profit before tax: 965.38 lakhs.
• Tax expense: 228.90 lakhs.
• Net profit after tax: 712.48 lakhs.
• Earnings per share: Rs 1.61.

Operations and segments

• Stock broking turnover: Rs 15,771.07 crore.
• DP accounts: 93,633; broking accounts: 53,883.
• Mutual fund distribution brokerage: Rs 56.21 lakhs.
• Merchant banking income: Rs 14.40 lakhs.
• Interest income: Rs 684.30 lakhs; other income: Rs 4.02 lakhs.

Capital structure and liquidity

• Paid-up equity share capital: Rs 4,437.82 lakhs.
• Reserves and surplus: Rs 5,436.27 lakhs; total equity: Rs 9,874.09 lakhs.
• Total assets: Rs 12,313.93 lakhs.
• Borrowings: Nil as at 31-03-2026 (previous year Rs 0.62).
• Promoter stake: Indian Bank 64.84%.

Governance and audit

• Statutory auditors: M/s Anand & Ponnappan; Secretarial auditors: Shanmugam Rajendran & Associates.
• Audit report: no material observations; note on tax disputes.
• Board meetings: seven in FY2025-26; independence observed; familiarisation conducted.
• CFO change: Tausif Inamdar replaced by M.S. Balaji in July 2025.
• CEO/CFO certification and code of conduct compliance.

CSR and related party disclosures

• CSR spend for 2025-26: Rs 18.57 lakhs; solar plant funded at Hindu Mission Health Services.
• CSR grants: Rs 13.07 lakhs to Hindu Mission; Rs 5.50 lakhs to PMNRF.
• CSR policy and CSR projects disclosed on company website.
• Related party transactions with Indian Bank: interest paid 18.73; rent 25.56; commission 3.26; interest received 272.14; brokerage 49.89.
• Independent directors’ sitting fees: Rs 6.24 lakhs.

Outlook and risks

• Outlook: focus on fee-based growth; recovery of overdue; disinvestment of investments.
• Risks: AI/data analytics disruption; online discount broker competition.

AGM details

• Date/time: 24 September 2026 at 11:30 AM IST via VC/OAVM.
• e-voting window: 21–23 September 2026.
• Cut-off date: 17 September 2026.
• Book closure: 18–24 September 2026.

Ordinary business

• Adopt audited financial statements for year ended 31 March 2026.
• Appoint director Sunil Jain; retires by rotation; reappointment proposed.

Director changes

• Shri Sunil Jain to retire by rotation; reappointment proposed; Nil remuneration last drawn.

Dividend

• No dividend proposed or declared at this AGM.

Voting and notices

• Proxy facility not available; e-voting via CDSL; Scrutinizer appointed.
• Record date for voting rights: Sep 17, 2026.

AGM date and mode

• 37th AGM fixed for September 24, 2026 via VC/OAVM.
• Board approved and fixed the AGM date on August 25, 2026.