Rajasthan Securities Ltd

RAJASTHAN SECURITIES LIMITED - Trading Window closed from 1 October 2026 till completion of 48 hours after declaration of the un-audited Financial Results of the Company for the Quarter and six months ended on 30th September, 2026

Ravindra Maloo – appointment

• Appointment: Ravindra Ramesh Maloo; Non-Executive Non-Independent Director; appointed 22 Sep 2026 for five years.
• Profile: B.Com; 24+ years in stock market; ex VP-Regional Director, Anand Rathi.
• Disclosures: not related to other directors; not debarred by SEBI/authorities.

Deepa Piplikar – re-appointment

• Re-appointment: Deepa Kishor Piplikar; Non-Executive Non-Independent Director; appointed 22 Sep 2026 for five years.
• Profile: Experienced NED; board experience; PoSH committee member at Rajasthan Securities.
• Disclosures: not related to other directors; not debarred by SEBI/authorities.

AGM details

• Date: 22 September 2026.
• Mode: Video conferencing with remote e-voting.
• Record date: 15 September 2026; shareholders on record: 8,634.
• AGM attendance: Public 47 via video; Promoter group 0.

Resolutions

• Resolution 1: Adoption of audited standalone financial statements for year ended 31 March 2026.
• Resolution 2: Re-appointment of Mrs Deepa Kishor Piplikar as director — passed with 99.9999% in favour.
• Resolution 3: Appointment of Ravindra Ramesh Maloo as Non-Executive Non-Independent Director — passed with 99.9999% in favour.

Corporate guarantee and loan to subsidiary

• Board approves corporate guarantee by Rajasthan Securities for RSLSPL to NEUZEN FINANCE PRIVATE LIMITED.
• Loan of Rs 40 crore sanctioned to RSLSPL by NEUZEN FINANCE PRIVATE LIMITED.
• Corporate guarantee is a contingent liability with no current impact on the company.
• Audit Committee recommended; Board approved at meeting held 23 September 2026.
• Promoter/group have no interest in the transaction.
• Regulatory disclosure under Regulation 30 of SEBI LODR, Annexure A.

AGM Details

• AGM held on 22 September 2026 at 2:00 PM via VC/OAVM; Nagpur deemed venue.
• Record date for e-voting: 15 September 2026.
• Meeting concluded at 2:45 PM.

Resolutions

• Ordinary: Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Deepa Kishor Piplikar by rotation.
• Special Business: Appoint Ravindra Ramesh Maloo as Non-Executive Non-Independent Director; chaired by MD due to interest.

Voting / Results

• Results not disclosed in filing; to be disseminated to exchanges and company website.
• Consolidated Scrutiniser’s Report to exchanges within two days.

Dividend / Other

• No dividend proposed or approved at this AGM.

AGM & AR access

• 33rd AGM on 22 Sep 2026 at 2:00 PM via VC/OAVM.
• AR for FY2025-26 available at https://rsl.in/docs/Annual%20Report%20DONE/AR%20ANNUAL%20REPORT%202026-RSL%20FINAL%201.pdf
• Shareholders without registered emails will receive AR link under Reg 36(1)(b).
• KYC update and dematerialisation reminders; ISR/SH forms on site.

KYC, dematerialisation & electronic payments

• SEBI Master Circular 2024 requires updating PAN, address, mobile, bank details, and nomination for physical holders.
• Physical folios missing details will receive payments only electronically from 1 Apr 2024.
• Update email address via DP or RTA to receive notices and documents.

Transformation & strategy

• Renamed to Rajasthan Securities Limited in Nov 2025.
• Main objects amended to enable trading, services, and investments.
• Strategy: diversify into securities, derivatives, general trading, and allied services.
• Board composition includes MD, two Independent Directors, and two Non-Executive Directors.

Financial highlights

• Total Income: ₹13,271.21 Lakhs for year ended 31 Mar 2026.
• Income from operations: ₹6,121.25 Lakhs.
• Other income: ₹7,149.96 Lakhs.
• Profit before tax: ₹10,430.72 Lakhs.
• Tax: ₹2,331.31 Lakhs; PAT: ₹8,099.41 Lakhs.
• EPS: ₹10.54 per share.
• PAT rose from ₹701.39 Lakhs in 2024-25.

Capital structure & liquidity

• Authorized capital: ₹60 Crore (₹6,000 Lakhs).
• Paid-up capital: ₹2,306.21 Lakhs.
• Total equity: ₹9,384.25 Lakhs.
• Cash at year-end: ₹89.68 Lakhs.
• No deposits accepted.

Governance & board changes

• Ravindra Maloo appointed Additional Non-Executive Director; effective 13 Aug 2026; subject to member approval.
• Jiteshkumar Agrawal appointed Independent Director; effective 7 Oct 2025; regularised 6 Jan 2026.
• Tirth Mazumdar resigned as Independent Director on 7 Oct 2025.
• Auditors: Rahul S Gupta resigned 14 Aug 2025; Sanjay Chindaliya & Co appointed as statutory auditors.

Audits & internal controls

• Secretarial audit by Gupta Rupa & Associates; MR-3 annexed; no qualifications.
• Internal controls robust; auditor opinion confirms adequacy.
• CEO/CFO certification filed under SEBI LODR.

Related party transactions & risk

• RPTs in ordinary course; Audit Committee approval obtained.
• Remuneration to KMPs: Neha Jain ₹9.48 Lakhs; Deepa Piplikar ₹0.54; Kishore Piplikar ₹0.35.
• Nikhilesh Khandelwal rent ₹0.12; RPT policy available on company website.

CSR & sustainability

• CSR expenditure ₹4.33 Lakhs; donated to O. J. Agrawal Charitable Trust for hospital building.
• CSR obligation fully discharged for the year.

Shareholding & listing

• Total equity shares: 7,68,73,800; paid-up capital ₹2,306.21 Lakhs.
• Shareholding: Individuals 84.42%; Bodies Corporate 15.11%; NRIs 0.47%.
• Dematerialised: 100%; ISIN INE184D01026; Scrip: RAJSEC; BSE listed.
• Book closure: 16-22 Sep 2026.

AGM Details

• Date and time: 22 September 2026, 02:00 PM IST.
• Mode: VC/OAVM; no physical meeting.
• Book closure: 16–22 September 2026 (inclusive).
• Remote e-voting window: 19–21 September 2026 (9:00 AM–5:00 PM).
• E-voting cut-off date: 15 September 2026.
• Deemed AGM venue: Registered Office.

Resolutions to be Voted

• Ordinary: Adopt the Audited standalone financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Deepa Kishor Piplikar as Director liable to rotation.
• Ordinary: Appoint Ravindra Ramesh Maloo as Non-Executive Director; subject to member approval.

Voting Results (where available)

• Voting outcomes not disclosed in the filing.
• No percentages or dissent details provided.

Dividend

• Dividend: No dividend declared for the year.

Director Changes

• Tirth Tapan Mazumdar resigned as Independent Director on 07 Oct 2025.
• Jiteshkumar Agrawal appointed Add'l Non-Executive Independent Director on 07 Oct 2025.
• Jiteshkumar Agrawal regularised as Independent Director via Special Resolution on 06 Jan 2026.
• Ravindra Maloo appointed Add'l Non-Executive Director from 13 Aug 2026; subject to shareholder approval.
• Deepa Piplikar to be re-appointed; retiring by rotation.

Auditors

• Previous Statutory Auditor Rahul S Gupta & Associates resigned Aug 2025.
• Statutory Auditor Sanjay Chindaliya & Co appointed for five-year term (2025–2030).

Material Related Party Transactions

• MD Nikhilesh Khandelwal: Rent paid Rs 0.12 Lakh.
• Kishore Piplikar (spouse of Deepa Piplikar): Salary Rs 0.35 Lakh.
• Deepa Piplikar: Director remuneration Rs 0.54 Lakh.
• Neha Jain (Company Secretary): Remuneration Rs 9.48 Lakh.
• All RPTs were in ordinary course; reviewed by Audit Committee.

Other Material Approvals

• Name change from Rajasthan Gases Limited to Rajasthan Securities Limited; MOA amended; new Articles adopted.
• CSR: Rs 4.33 Lakh spent; CSR obligations fulfilled.

Designation change

• Nikhilesh Khandelwal redesignated to MD & CEO; ceases Chairman role from Aug 19, 2026.

New Non-Executive Chairman

• Ravindra Ramesh Maloo appointed Non-Executive Chairman; effective Aug 19, 2026; five-year term, subject to shareholder approval.

Nomination & Remuneration Committee reconstitution

• Maloo appointed as committee member; Khandelwal ceases to be member; effective Aug 19, 2026.