Mefcom Capital Markets Ltd

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.

Subsidiary sale and approvals

• Sale of entire Mefcom Securities Limited stake to Vijay Mehta approved at ₹8.58 per share.
• Transfer comprises 2,999,800 shares; AGM approval obtained 08 Aug 2026.
• Valuation report dated 13 Aug 2026 by Satya Prakash Garg & Co.
• BSE/NSE approvals for change in shareholding received.

Regulatory disclosures and consolidation

• Independent Auditor's Review: no material misstatement detected.
• AGM 08 Aug 2026 approved sale; consolidation may cease.
• Consolidated results may be non-applicable going forward post-sub sale.

AGM Details

• 41st AGM held on 08 August 2026 at 12:30 PM IST, physical meeting in New Delhi.
• Scrutinizer Report related to voting submitted to BSE for the AGM.

Book closure and AGM details

• Book closure: 05 Aug 2026 to 08 Aug 2026, inclusive, for AGM.
• Purpose: Annual General Meeting of Mefcom Capital Markets Ltd.
• AGM: 08 Aug 2026 at 12:30 PM, E-15, Ansal Villas, New Delhi.
• Security: Equity shares; ISIN INE186C01023.
• No e-voting period specified.

AGM details and ordinary business

• 41st AGM scheduled for 8 August 2026 at 12:30 PM, New Delhi.
• Adopt Audited Standalone and Consolidated Financial Statements for year ended 31 March 2026.
• Appointment of director in place of Sameer Rajendra Purohit, retiring by rotation.
• Special business: related party transaction with Vijay Mehta for subsidiary sale.
• Special: sale of MCML's stake in Mefcom Securities Limited.
• Special: continuation of Dr. Shri Ram Khanna as Independent Director beyond age 75.
• Special: remuneration above limits for FY2025-26; approvals sought.
• Special: proposed remuneration for FY2026-27; MD 84 LPA; ED 60 LPA.
• Board authorized to negotiate agreements and filings with regulators.
• Vijay Mehta to abstain from voting on related resolutions.

Financial highlights

• Standalone revenue 10,883.61 Lakhs; PAT -185.13 Lakhs.
• Consolidated revenue 11,413.60 Lakhs; PAT -223.30 Lakhs.
• PBDT (standalone) 178.77 Lakhs; depreciation 6.36; PBT -185.13.
• Dividend not recommended for 2025-26.
• Globe Civil Projects IPO raised ₹119 crore; strengthens capital base.
• MSL subsidiary held 60% by MCML.
• Merchant banking revival since Sept 2024; Nariman Point office opened.
• Group consolidation includes Mefcom Securities Limited; status in transition.

Strategic and business developments

• Merchant banking revived; Globe Civil IPO milestone achieved.
• Strong deal pipeline and fund-raise mandates anticipated.
• MSL to operate as independent entity post sale.
• Globe Civil IPO listing on BSE/NSE in July 2025.

Related party transactions and governance

• Sale of Mefcom Securities Limited to Vijay Mehta; valuation-based price.
• Regulatory approvals obtained from BSE and NSE.
• Director Vijay Mehta abstains from voting on item.
• Board authorized to negotiate and execute agreements; file forms.
• Item 4: Sale of MCML's stake in MSL; one-time transaction.
• Item 5: Continuation of Dr. Shri Ram Khanna as Independent Director beyond 75.
• Item 6: Remuneration for FY2025-26 exceeding limits; MD 84 LPA; ED 60 LPA.
• Item 7: Remuneration for FY2026-27; MD 84 LPA; ED 60 LPA; minimum pay if profits are inadequate.

Subsidiary and group structure

• Subsidiary Mefcom Securities Limited; 60% owned by MCML.
• Upon sale, MSL ceases to be subsidiary; continues as independent entity.

Governance and board changes

• Resignation of Ajay Kumar Poddar as Non-Executive Independent Director on 23 May 2025.
• Vijay Kant Mishra appointed as Non-Executive Independent Director on 13 Aug 2025.
• Priyanka Mehta moved to Non-Executive Director on 13 Aug 2025.
• Priyanka Goyal resigned as Company Secretary; Rachita Aggarwal appointed 23 May 2025.
• Board met 4 times during FY2025-26; attendance consistent.

Capital and listing

• Authorised share capital ₹1,000 lakh; issued ₹914.02 lakh (4.57 crore shares of ₹2).
• No change in equity or share issues in 2025-26.
• Listed on BSE; listing fee paid for 2025-26.

AGM details and resolutions

• AGM date/time: 8 August 2026, 12:30 PM, physical meeting in New Delhi.
• Mode: physical AGM with remote e-voting facility.
• Record date: 1 August 2026; registers closed 5–8 August 2026.
• Resolutions include adoption of Financial Statements.
• Ordinary: Appointment/re-appointment of the director retiring by rotation.
• Special: Related party transaction with Vijay Mehta for sale of subsidiary.
• Ordinary: Sale of the company's stake in Mefcom Securities Limited.
• Special: Continuation of Dr. Shri Ram Khanna as Non-Executive Independent Director beyond age 75.
• Special: Remuneration paid to Executive Directors for FY2025-26 exceeds limits.
• Special: Remuneration payable to Executive Directors for FY2026-27 exceeding limits.
• Remote e-voting window: 5–7 August 2026.

Dematerialisation processing and certificate handling

• Securities received for dematerialisation during the quarter were confirmed to depositories.
• The dematerialised securities have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within 15 days.

Consolidated filing update

• Board approved consolidated results for year ended 31 Mar 2026; revised auditor's report filed.
• Auditor's report corrected to meet SEBI format; no changes to financials.
• Auditor's opinion: true and fair view of the group results.
• Board filed results with BSE; results relate to year ended 31 Mar 2026.
• Board meeting date: 27 May 2026.

Key consolidated financials

• Consolidated assets at 31 Mar 2026: Rs 3,867.12 Lakhs.
• Consolidated revenue for year: Rs 11,368.72 Lakhs.
• Consolidated PAT for year: Rs (223.30) Lakhs.
• Consolidated OCI for year: Rs (71.04) Lakhs.
• Quarterly revenue: Rs 2,137.27 Lakhs; quarterly PAT: Rs (473.20) Lakhs.
• Quarterly OCI: Rs (54.35) Lakhs.
• Subsidiary MEFCOM Securities Ltd assets: Rs 466.67 Lakhs.
• MEFCOM Securities year revenue: Rs 512.84 Lakhs; year PAT: Rs (38.16) Lakhs.
• The group incurred a loss for the current financial year.

Audit details & subsidiaries

• MEFCOM Securities Ltd is a subsidiary; its results are included in consolidation.
• Auditors: Satya Prakash Garg & Co; Chartered Accountants.
• Annexure B confirms internal financial controls over financial reporting were adequate.
• There were no adverse remarks or qualifications in subsidiary audits.
• Audit report dated 27 May 2026.