Khandwala Securities Ltd

Khandwala Securities Limited – Closure of Trading Window

Khandwala Securities Limited: Trading window closed from October 01, 2026 until 48 hours after the unaudited financial results for the quarter and half year ended September 30, 2026 are announced

AGM details

• No extractable AGM details are provided in this text chunk.

AGM outcomes

• 33rd AGM held Sept 18, 2026 via VC/OAVM.
• Audited standalone financial statements for year ended 31 March 2026 adopted.
• Audited consolidated financial statements for year ended 31 March 2026 adopted.
• Reappointment of Mrs. Bhagyashree Khandwala as Non-Executive Director (retiring by rotation) approved.
• Remote e-voting conducted; Scrutinizer appointed; results to be announced within 48 hours.

AGM Details

• Date/time/mode: 18 Sep 2026, 12:00 PM IST, VC/OAVM.
• End time: 12:40 PM IST.
• Record date: 11 Sep 2026; total shareholders on record: 4,675.

Resolutions

• Ordinary: Adoption of standalone financial statements for year ended 31 Mar 2026.
• Ordinary: Adoption of consolidated financial statements for year ended 31 Mar 2026.
• Ordinary: Re-appointment by rotation of Mrs. Bhagyashree Khandwala (DIN: 02335473).

Voting Results

• Res 1: Passed; 100% in favour; no against.
• Res 2: Passed; 100% in favour; no against.
• Res 3: Passed; 100% in favour; no against.

Director Changes

• Director: Mrs. Bhagyashree Khandwala re-appointed by rotation (DIN: 02335473).

Attendance

• Promoter group attendees: 7; Public attendees via VC: 72.

Standalone financials

• FY26 standalone total income: Rs 935.63 lakh, down from Rs 1512.96 lakh.
• Standalone expenditure: Rs 1064.07 lakh; vs Rs 1490.38 lakh previous year.
• Standalone profit before tax: Rs -128.45 lakh, vs Rs 22.58 lakh.
• Net loss after tax: Rs -127.03 lakh.
• Diluted EPS: Rs -0.83; BVPS: Rs 18.60; Net worth: Rs 2837.21 lakh.
• Paid-up equity capital: Rs 1525.38 lakh; no change in share capital.
• Dividend declared: none for FY26.

Consolidated financials

• Consolidated total income: Rs 935.63 lakh.
• Consolidated net loss after tax: Rs -127.07 lakh.
• Consolidated earnings per share: Rs -0.83.
• Dividend for FY26: not declared.

Governance & board

• Board size six; four non-exec, two independent directors.
• Independent Director Suzan Vakil appointed Sept 11, 2025.
• Homiar N. Vakil ceased as Independent Director on Sept 18, 2025.
• Bhagyashree Khandwala to retire by rotation; re-appointment considered.
• Board met 5 times in FY26.

Audit & compliance

• Statutory auditors: Pravesh Agarwal & Associates.
• Secretarial auditors: Bhuwnesh Bansal & Associates.
• Auditors issued a qualified opinion on standalone and consolidated statements.
• Annexures AOC-1 and Annexure-4 disclosed; no adverse remarks noted.

Segment performance FY26

• Equity Capital Markets revenue FY26: 3,483.45 thousand (34.83 Lakh).
• Investment Banking (Merchant Banking) revenue: 468.86 lakh.
• Fee-based operations revenue FY26: 75,460.59 thousand (754.61 Lakh).
• Total segment revenue: 93,562.82 thousand (935.63 Lakh).
• Investment/Stock Ops segment loss: -155.31 thousand.
• Fee-based segment profit: 3,223.74 thousand.
• Unallocated expenses: -13,607.26 thousand.
• Net loss before tax (segment total): -12,848.99 thousand.

AGM, dividends & capital actions

• 33rd AGM set for September 18, 2026 via VC/OAVM.
• Record date: September 11, 2026; remote e-voting window Sept 15-17, 2026.
• Equity shares listed on BSE and NSE.

Outlook and risks

• Regulatory tightening in derivatives raises compliance costs.
• Broker governance resets tighten industry standards.
• Tariff and trade-policy uncertainty affects flows and sentiment.
• Shift toward advisory-led, portfolio-based wealth management.

Financials approved and AGM update

• Standalone Q1 FY27 unaudited results approved; quarter ended 30 June 2026.
• Consolidated Q1 FY27 unaudited results approved; includes associate Trumonee Financial Limited.
• Limited review conducted; statements prepared under Ind AS; no material misstatement observed.
• Standalone revenue from operations: 226.68 lakhs; PAT: 8.49 lakhs.
• Consolidated PAT: 8.43 lakhs; pre-tax: 8.26 lakhs; tax: (0.17) lakhs.
• AGM scheduled for 18 September 2026 via Video Conferencing/OAVM.
• Diminution in value of stock-in-trade considered in results.

Meeting Details

• Board meeting on 10 August 2026 at the Registered Office; time not disclosed.

Key Agenda Items

• Consider un-audited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window remains closed till 48 hours after the conclusion of the board meeting.