Pune E - Stock Broking Ltd

Standalone financials

• Revenue from operations ₹5,144.80 Lakh; down from ₹6,088.31 Lakh (FY24-25).
• Total income ₹6,441.23 Lakh; down from ₹7,174.22 Lakh (FY24-25).
• PAT ₹1,807.14 Lakh; up from ₹1,505.48 Lakh (FY24-25).
• EPS: Basic ₹11.53; Diluted ₹10.61.
• Cash & bank balances ₹14,898.04 Lakh. Net worth ₹14,878.49 Lakh.
• Short-term borrowings ₹4,696.41 Lakh; current ratio 1.98x.
• Consolidated performance highlights later; standalone metrics drive core view.

Consolidated performance

• Consolidated total income ₹6,733.88 Lakh; vs ₹7,664.38 Lakh prior year.
• Consolidated PAT ₹1,994.76 Lakh; up from ₹1,918.50 Lakh.
• Consolidated Net worth attributable to owners ₹16,696.75 Lakh.
• Consolidated EPS: Basic ₹12.48; Diluted ₹11.48.
• Consolidated cash & bank balances ₹15,171.12 Lakh; current ratio 0.87x.

Capital structure & liquidity

• Authorised share capital increased to ₹25 crore (Mar 13, 2026).
• Issued 20 lakh convertible warrants at ₹171; 25% money received.
• 1,00,000 warrants converted to equity on Jan 20, 2026.
• Post-conversion equity capital ₹15,75,08,580; ₹15.75 Cr.
• FY2026-27: 18 lakh warrants proposed at ₹171 for future funding.

Dividend & capital allocation

• Dividend proposed: ₹1 per equity share for FY2025-26.
• Record date: 03-Sep-2026; AGM on 10-Sep-2026 (VC/OAVM).

Board & governance changes

• Ronak Subhash Jhaveri appointed Director & Whole-time Director from 13 May 2026 to 12 May 2031.
• Hemant Maniar and Viral Patel appointed Independent Directors in 2026 (till 2028/2031 terms).
• Saleem Yalagi and Devendra Ghodnadikar retire by rotation; re-appointments proposed.

Strategy & business developments

• Expanding beyond traditional broking into wealth mgmt, insurance, and merchant banking.
• Technology at the core; focus on automation, scalability, and data-driven decisions.
• Diversifying revenue via MTF, distribution, advisory, and AIF/IFSC offerings.

Subsidiaries & investments

• Subsidiaries: Pune Finvest Limited (79.46%); PESB IFSC Limited (100%); PESB Alpha Fund; PESB Asset Management LLP; PESB Insurance Broking Limited (99.9%).
• PUNE Finvest and PESB IFSC Limited operational; others in growth phases.
• Investment in PESB Alpha Fund ₹1,500 Lakh; PESB Asset Management LLP seed capital.

CSR, governance & risk

• CSR expenditure ₹29.66 Lakh; policy accessible on PESB website.
• Major risk categories: regulatory, market, liquidity, cyber, and operational risk.
• Internal controls: adequate and operating effectively; ISO-27001 posture noted.

Audits & compliance

• Statutory Auditor: S. H. Sane & Co.; Secretarial Auditor: Shailesh Indapurkar & Associates.
• Internal financial controls deemed adequate; no material weaknesses reported.
• No material adverse observations impacting going concern.

Record date details

• Record date fixed at 3 September 2026 for dividend entitlement if declared.
• Dividend applicability for FY 2025-26 contingent on AGM declaration on 10 September 2026.

Key Decisions

• Approved Directors' Report for FY ended 31 March 2026; authorised finalisation by Chairman/CS/any director.
• Approved 19th AGM date/time/mode: 10 September 2026, 12:00 PM, VC/OAVM.
• Approved the draft Notice of the 19th AGM.
• Approved closure of Register of Members from 4 September 2026 to 10 September 2026.
• Approved Record Date for dividend: 3 September 2026, subject to declaration.
• Approved engagement of Bigshare Services Private Limited for e-voting and VC/OAVM facilities.
• Approved Cut-off Date for voting: 3 September 2026.
• Appointed Scrutinizer: M/s Shailesh Indapurkar & Associates.
• Remuneration for WTD Ronak Jhaveri approved up to ₹90 lakh for 13May2026–12May2031, subject to member approval.

Conversion and capital increase details

• Conversion of 9.39 lakh warrants into equity shares completed.
• Equity shares issued at Rs 171 per share, including Rs 161 premium.
• 25% of issue price paid at subscription; the balance 75% paid on conversion.
• Total consideration received on conversion: Rs 16,05,69,000.
• Post-allotment paid-up capital increased to Rs 17,55,08,580; shares: 1,75,50,858.
• Total equity shares issued: 9,39,000; ranking pari-passu with existing shares.
• Total investors in the allotment: 13; comprising promoter and non-promoter groups.
• Issuance type: preferential allotment on private placement basis.

Warrant conversion and equity allotment

• Board approved conversion of 7,61,000 warrants into equal equity shares at Rs 171 per share.
• Balance consideration received: Rs 9,75,98,250, i.e., 75% of the issue price.
• Fifteen allottees from promoter and non-promoter groups listed.
• Total warrants converted: 7,61,000; equity shares issued equal to warrants.
• Post-conversion paid-up capital rises to Rs 16,61,18,580 across 1,66,11,858 shares.
• New shares rank pari-passu with existing equity shares.
• 25% of warrant price was paid at subscription; 75% on conversion.
• Issue type: preferential allotment under private placement to promoter/non-promoter group.

Dematerialisation status and certificate actions

• Dematerialisation requests up to 30 June 2026 were confirmed to depositories by the RTA (accepted/rejected).
• Securities dematerialised have been listed on the stock exchange where the original securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository's name substituted as registered owner within 15 days.

Regulatory approval

• IRDAI grants Pune Finvest Limited to act as Corporate Agent (Composite) under the Insurance Act.
• Registration No CA1139; certificate subject to conditions and payment of annual fee.
• Certificate remains in force subject to payment of annual fee until suspension or cancellation by Authority.
• Date: 15-Jul-2026; Place: Hyderabad; issued by IRDAI.
• No material financial metrics or revenue impact disclosed.

Warrant conversion and equity allotment

• Board approved conversion of 1,00,000 warrants into 1,00,000 equity shares.
• Allotment price Rs 171 per share (Rs 10 face value, Rs 161 premium) to Viney Equity Market LLP.
• Balance 75% of issue price received on exercise; 25% received at subscription.
• Post-issue paid-up capital increased to Rs 15,85,08,580 comprising 1,58,50,858 equity shares.
• New shares rank pari-passu with existing equity shares.
• Total number of investors remains 1: Viney Equity Market LLP.
• Type of issuance: private placement preferential allotment.