Pune E - Stock Broking Ltd

Meeting Details

• Board meeting scheduled for 05 Oct 2026 at 12:00 p.m. at the Registered Office.

Key Agenda Items

• Raising funds via senior secured NCDs up to ₹50 crore in one or more tranches within one year.
• Subject to applicable statutory and regulatory approvals.
• Any other matter with the permission of the chair.

Other Notes

• Trading window remains closed until 48 hours after the outcome is disclosed.

Pune E - Stock Broking Ltd: Trading Window Closure

Meeting Details

• No meeting specifics (date/time, type, mode) provided in the filing chunk.

Participants

• No company participants information provided in the filing chunk.

Purpose

• Subcategory Analyst / Investor Meet indicates investor discussions; no specific purpose stated.

Additional Notes

• Recording/presentation availability not specified.

AGM Details

• Date and time: 10 September 2026, 12:00–12:15 PM.
• Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM).
• Record date: 03 September 2026.
• Meeting type: 19th AGM.

Key Resolutions and Outcomes

• Ordinary: Adopt financial statements for the year and reports of the Board and auditors — Passed.
• Ordinary: Appoint statutory auditors and fix remuneration — Passed.
• Ordinary: Declare dividend of Re 1 per share — Passed.
• Ordinary: Directors retiring by rotation re-appointed (two resolutions) — Passed.
• Special: Continue Independent Director beyond age 75 — Passed.
• Special: Appoint Hemant Maniar as Independent Director — Passed.
• Special: Appoint a Whole-Time Director — Passed.
• Special: Appoint Viral Patel as Independent Director — Passed.

Material Related Party Transactions

• No material related party transactions were approved.

Governance updates

• Shareholders approved Ronak Jhaveri as Director and Whole Time Director for five years.
• Shareholders approved Hemant Maniar as Independent Director for five years.
• Shareholders approved Viral Patel as Independent Director for five years.
• Continuation of Ashokkumar Suratwala as Independent Director who will reach 75.
• Reappointment dates: Ronak Jhaveri 13-05-2026; Hemant Maniar 11-06-2026; Viral Patel 05-08-2026; Suratwala 30-09-2023.
• AGM held on 10-Sep-2026 and approved per Scrutinizer's Report.

AGM Details

• Date and time: 10 September 2026, 12:00 PM IST.
• Mode: Video conferencing and other audio-visual means.
• Remote e-voting window: 7–9 September 2026.
• Quorum: 23 members representing 78,19,610 shares.

Resolutions Put to Vote

• Adoption of standalone financial statements for year ended 31 March 2026 (ordinary).
• Adoption of consolidated financial statements for year ended 31 March 2026 (ordinary).
• Dividend of ₹1 per equity share (ordinary).
• Reappointment of Devendra Ramchandra Ghodnadikar by rotation (ordinary).
• Reappointment of Saleem Yalagi by rotation (ordinary).
• Continuation of Ashokkumar Suratwala as Independent Director beyond age 75 (special).
• Appointment of Hemant Maniar as Director and Independent Director (special).
• Appointment of Ronak Jhaveri as Whole-time Director (special).
• Appointment of Viral Patel as Director and Independent Director (special).

Voting Results

• Voting outcomes pending; Scrutinizer's report to determine results.

Dividend

• Board recommended dividend of ₹1 per equity share.

Director Changes

• Ghodnadikar reappointed by rotation (ordinary).
• Saleem Yalagi reappointed by rotation (ordinary).
• Suratwala to continue as Independent Director beyond age 75 (special).
• Hemant Maniar appointed Director and Independent Director (special).
• Ronak Jhaveri appointed Whole-time Director (special).
• Viral Patel appointed Director and Independent Director (special).

Auditors

• Statutory Auditor: Shekhar Sane & Co.
• Secretarial Auditor: Shailesh Indapurkar.
• Scrutinizer: Shailesh Indapurkar.

Related Party Transactions

• No material related party transactions disclosed.

Business Overview

• Full-service corporate broking house offering broking, MTF, MF distribution.
• Advisory operations planned for September 2026 with IRDAI corporate agency clearances.

Operational Highlights

• Mutual Fund Distribution with 36 AMC partnerships, 513 schemes, and 1,622 investors.
• Launched PESB Alpha Fund (Category III AIF) with ₹55 Cr AUM.
• Cross-selling to 65,000 PESB customers and QURA Insure integration.
• Advisory operations kickoff aligned with IRDAI clearances.
• Strategic diversification into wealth, merchant banking, and insurance.
• Algo trading penetration through open API for retail investors.

Financial Performance

• FY26 total revenue ₹67.3 Cr; EBITDA ₹33.5 Cr; net profit ₹19.9 Cr.
• FY26 Revenue from Operations ₹53.9 Cr; 3-year CAGR 17%.
• FY26 EBITDA margin 62.2%.
• PAT FY26 ₹19.9 Cr; net profit margin 37.0%.
• Total assets ₹328.2 Cr; cash ₹151.7 Cr.
• Short-term borrowings ₹47.0 Cr; equity ₹180.6 Cr.
• Mutual Fund Distribution AUM ₹55 Cr.

Capital Structure & Liquidity

• Equity share capital ₹15.8 Cr; reserves ₹159.3 Cr; total equity ₹180.6 Cr.
• Long-term borrowings ₹5.3 Cr; current liabilities ₹141.4 Cr.
• Current liabilities ₹141.4 Cr; non-current liabilities ₹6.1 Cr.

Strategic Priorities & Outlook

• Target 1 Lakh+ customers by 2027; focus on wealth, merchant banking, and insurance.
• Retail expansion with flagship branches; deepen MTF book and trading activity.
• Algo trading via open API to broaden retail participation.
• Cross-border trading via GIFT City IFSC; NBFC lending and insurance diversification.
• PESB Alpha Fund (AIF) supports cross-sell and annuity trails.

Risks & Governance

• Market activity softer due to weaker demand and tighter derivatives regulation.
• Wealth management remains structurally strong due to SIPs and MF demand.
• IRDAI approvals obtained for advisory launch; governance remains compliance-focused.

Business Overview

• PESB is a full-service corporate broker with broking, research, and analytics.
• Subsidiaries include Pune Finvest NBFC and insurance corporate agency.
• Advisory operations planned to commence in September 2026, subject to IRDAI clearances.
• Wealth-management and MF distribution are core revenue drivers.
• Strategic diversification includes cross-border trading via GIFT City.

Key Operational Highlights

• Mutual Fund Distribution spans 36 AMC partnerships and 513 schemes.
• PESB Alpha Fund AUM ₹55 Cr; launched Nov 2025.
• Alpha Fund posted 24% return post-fees and taxes.
• Cross-selling to 65,000 PESB customers with insurers.
• Advisory-launch readiness: IRDAI corporate agency clearances secured.

Financial Performance

• Total Revenue FY26 ₹67.3 Cr; Revenue from Operations ₹53.9 Cr.
• EBITDA ₹33.5 Cr; EBITDA Margin 62.2%.
• Net Profit ₹19.9 Cr; Net Profit Margin 37.0%.
• H2 FY26 Total Revenue ₹33.6 Cr; EBITDA ₹16.5 Cr; Margin 60.0%.
• Cash and cash equivalents ₹151.7 Cr; Total Assets ₹328.2 Cr.

Capital Structure & Liquidity

• Equity share capital ₹15.8 Cr; Reserves ₹159.3 Cr.
• Long-Term Borrowings ₹5.3 Cr; Short-Term Borrowings ₹47.0 Cr.
• Total Equity ₹180.6 Cr; Total Liabilities ₹328.2 Cr.

Strategic Priorities & Outlook

• Target double-digit profit growth and margin improvement.
• Customer growth goal: 1 Lakh+ by 2027.
• Strategic pillars: Wealth, Merchant Banking, Insurance; cross-sell emphasis.
• Retail expansion with flagship branches and scalable MTF book.
• Open API-based algo trading to broaden retail participation.
• GIFT City IFSC cross-border trading; diversification into NBFC lending and insurance.

Risks & Mitigation

• Market headwinds: weaker active trading and tighter derivatives regulation.
• Diversification across wealth, merchant banking, and insurance to mitigate concentration risk.

Governance & Leadership

• Promoter-led management with extensive market experience; CFO Arpit Shah since Sep 2023.
• Advisory operations planned to begin Sep 2026; IRDAI corporate agency clearances secured.

Trading approval delay penalties

• BSE penalty for delayed trading approval filing for 1,00,000 shares.
• Fine: Rs 3,00,000 plus 18% GST for 15 days of non-compliance.
• Due date for compliance: 05/08/2026; actual compliance: 20/08/2026.
• Share issue subject to 18-month promoter and 6-month non-promoter lock-ins.
• Delay deemed procedural; NSDL credit received 19 Aug 2026; filing completed thereafter.
• Reply to BSE dated 24/08/2026.