Mathew Easow Research Securities Ltd

AGM Details

• Date/time: 30 September 2026, 12:30 p.m.
• Mode: VC/OAVM
• Record date for voting rights: 23 September 2026
• Remote e-voting window: 27–29 September 2026
• Shareholders on record date: 3,466

Key Resolutions

• Resolution 1 (Ordinary): Adopt financial statements for year ended 31 March 2026
• Resolution 2 (Ordinary): Re-appoint Pritha Sinha Pandey, retires by rotation
• Resolution 3 (Special): Appoint Ganga Sharan Pandey as Non-Executive Independent Director
• Resolution 4 (Special): Appoint Sarika Kedia as Non-Executive Independent Director

Voting Results

• Resolution 1: Passed; 99.81% in favour, 0.19% against
• Resolution 2: Passed; 99.81% in favour, 0.19% against
• Resolution 3: Passed; 99.81% in favour, 0.19% against
• Resolution 4: Passed; 99.81% in favour, 0.19% against

Directors & Auditors

• Director changes: Pritha Sinha Pandey re-appointment; Ganga Sharan Pandey and Sarika Kedia appointed as Independent Directors
• Auditors: No change reported

AGM Proceedings Summary

• 32nd AGM held on 30 September 2026 via video conferencing.
• Audited financial statements for year ended March 31, 2026 adopted.
• Ms. Pritha Sinha Pandey reappointed as Director liable to retire by rotation.
• Ganga Sharan Pandey appointed as Non-Executive Independent Director.
• Sarika Kedia appointed as Non-Executive Independent Director.
• Remote e-voting held 27-29 Sept 2026; results to be announced within 48 hours.
• Chairman Beda Nand Chaudhary presided; quorum confirmed.
• Scrutinizer appointed Jagannath Kar, CS, for fair voting.

AGM details

• 32nd AGM scheduled for 30 September 2026 via VC/OAVM.
• Remote e-voting window: 27 September to 29 September 2026.
• Cut-off date for voting: 23 September 2026.
• Notice and annual report emailed; available on company website.

Director appointments

• Ms. Pritha Sinha Pandey retires by rotation and seeks re-appointment (subject to AGM approval).
• Special resolution to appoint Ganga Sharan Pandey as Independent Director (DIN 02292513).
• Special resolution to appoint Sarika Kedia as Independent Director (DIN 11244153).
• Term: Ganga Pandey 7 Feb 2026–6 Feb 2031; Sarika Kedia 27 May 2026–26 May 2031.
• Remuneration: NIL.

Financial highlights

• Total income rose to 284.83 Lakhs in FY2025-26.
• Revenue from operations reached 284.18 Lakhs.
• Profit after tax stood at 8.17 Lakhs.
• Profit before tax was 10.88 Lakhs.
• Total tax expense in year was 2.71 Lakhs.
• EPS (basic and diluted) at Rs 0.12.
• Dividend declared for year: none.
• Cash from operations: 152.76 Lakhs.
• Cash and cash equivalents end of year: 2.04 Lakhs.
• Borrowings (excluding debt securities): 2,183.11 Lakhs.
• Total equity on balance sheet: 1,425.99 Lakhs.
• Equity share capital remained at 665.00 Lakhs.

Operations & business model

• Single NBFC segment: Non-Banking Financial activities.
• No subsidiaries or joint ventures; no associate company.
• Loans outstanding: 3,577.11 Lakhs.
• Business remained with no change in nature.

Capital structure & liquidity

• Equity share capital remained at 665.00 Lakhs.
• Total equity: 1,425.99 Lakhs.
• Borrowings: 2,183.11 Lakhs.
• CRAR: 39.61%.
• Liquidity Coverage Ratio: 9.25.

Reserves & corporate finance

• Transfer to RBI Special Reserve: 1.63 Lakhs.
• Total reserves: 760.99 Lakhs; securities premium 365.00.
• Special RBI reserve balance: 112.96 Lakhs.
• Retained earnings: 283.04 Lakhs.

Governance & leadership

• Board had 4 Directors: 2 Independent, 1 WTD, 1 Non-Executive Woman.
• Ganga Saran Pandey appointed Independent Director Feb 2026.
• Sarika Kedia appointed Independent Director May 2026.
• Statutory auditors: GGPS & Associates.
• Secretarial auditor: Jagannath Kar; MR-3 annexure.
• Company Secretary: Rajshree Mundhra.
• Remuneration to KMP disclosed; CS 5.76; WTD 6.00 Lakhs.

Audits, controls & compliance

• Auditors’ report: no qualifications; no fraud detected.
• Internal controls are adequate; no material weakness observed.
• Secretarial MR-3 annexure; observations explained.

Outlook & risks

• NBFC sector remains growth driver; FY2026-27 outlook positive.
• FY2025-26 credit growth about 16.7%; NBFC market share rising.
• Management expects rate cuts; opportunities during weakness.

Financial results and reports

• Unaudited quarterly results for quarter ended 30 June 2026 approved; Limited Review Report dated 11 August 2026 enclosed.
• Directors' Report for the financial year ended 31 March 2026 approved.

AGM and voting

• Notice for 32nd AGM on 30 September 2026 at 12:30 PM via video conferencing/OAVM.
• Cut-off date 23 September 2026; e-voting from 27 to 29 September 2026; NSDL services.

Regulatory disclosures

• Undertaking: non-applicability of deviation/variation statement under Regulation 32 of SEBI LODR for quarter ended 30 June 2026.

Auditor review

• Independent Auditor's Review Report on quarterly results states no material misstatement.
• Review conducted under SRE 2410; limited assurance; report dated 11 August 2026.

Meeting Details

• Date: 11 August 2026; Time: not disclosed; Venue: Registered Office of the Company.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended 30 June 2026.
• Fix date, time and venue for the forthcoming Annual General Meeting.
• Finalize the book-closure date for the forthcoming AGM.

Other Notes

• Trading window closed for Directors/Connected/Designated Persons until 48 hours after results declaration.

dematerialisation/rematerialisation status

• Demat Transfer Register for the reporting period was sent to depositories and stock exchanges.
• Securities received from DPs were mutilated, cancelled, and destroyed after dematerialisation within the stipulated time.
• Certificate filed under the applicable regulatory framework for depositories.

Mathew Easow Research Securities Ltd — Trading window closed from 1 July 2026 until 48 hours after the unaudited financial results for the quarter ended 30 June 2026.

Financial Performance 📊

• Approved unaudited standalone financial results for quarter and nine months ended December 31, 2025.
• Total income for nine months ended December 31, 2025 was ₹226.87 lakh; profit after tax was ₹5.59 lakh.
• Earnings per share (EPS) for nine months ended December 31, 2025 stood at ₹0.08 (basic and diluted).
• Limited review report by statutory auditors GGPS & Associates issued with no material misstatements noted.

Board Appointments 📍

• Appointed Mr. Ganga Sharan Pandey as Additional Non-Executive Independent Director effective February 7, 2026, for five years, subject to shareholder approval.
• Mr. Pandey is a Chartered Accountant with over 27 years of experience in accounts and taxation; no relationships with existing directors disclosed.