Rajasthan Securities Ltd

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.

Key Decisions

• Bifurcation of Chairman and MD into separate roles: Chairman (Non-Executive) and MD & CEO.
• Nikhilesh Khandelwal redesignated from Chairman & MD & CEO to MD & CEO, effective Aug 19, 2026.
• Ravindra Ramesh Maloo appointed Non-Executive Chairman, effective Aug 19, 2026.
• Nomination and Remuneration Committee reconstituted; Maloo appointed as member replacing Khandelwal.
• NR Committee post-reconstitution: Agrawal (Chair), Khemani (Member), Maloo (Member).
• Ravindra Maloo to serve a five-year term, rotatable, subject to shareholder approval.
• Ravindra Maloo has over 24 years in the securities market and trading.

Appointment of Additional Director

• Appoint Mr. Ravindra Ramesh Maloo as Additional Director (Non-Executive) effective Aug 13, 2026.
• Board approved the appointment on Aug 13, 2026, following Nomination & Remuneration Committee recommendation.
• Term: five years, liable to retire by rotation, subject to shareholders' approval at ensuing General Meeting.
• Profile: 24+ years in securities; former Anand Rathi Branch Manager and VP Regional Director, Central Region.
• Since 2016, engaged in trading and investment; registered Mutual Fund Distributor.
• Director of Maloo Commodities and Stock Trading Private Limited, sub-broker of Choice Equity Broking Private Limited.
• Disclosure: Not related to any other Directors.
• Not debarred from holding office by SEBI or any authority.
• No stated impact on board or committee composition.

Filing details

• Unaudited financial results for quarter ended June 30, 2026 attached.
• Board approved the results at meeting on August 13, 2026.

Audit status

• Limited Review Report on unaudited results issued by M/s Sanjay Chindaliya & Company with unmodified opinion.
• Statutory auditors' report enclosed.

Regulatory disclosures

• Deviation/variation statement for proceeds of public issue: Not Applicable.
• Default on loans and debt securities: Not Applicable as of 30 June 2026.

Board & declarations

• Board meeting date and timing: 13 August 2026, 1:00 PM to 5:45 PM.
• Managing Director: Nikhilesh Narendrakumar Khandelwal.
• Date of filing: 13/08/2026.
• Declaration under Regulation 33(3)(d) with unmodified opinion.

Financial results and annual report

• Approved unaudited quarterly results for quarter ended 30 June 2026, with Limited Review Report.
• Declaration under Regulation 33(3)(d): unmodified Limited Review Report on June 30, 2026 results.
• Approved Annual Report, Directors' Report and Secretarial Audit Report for FY ended 31 March 2026.

Director appointment

• Appointed Ravindra Ramesh Maloo as Additional Director (Non-Executive) w.e.f. 13 Aug 2026, subject to shareholder approval.
• Term five years; liable to retire by rotation; subject to AGM approval.
• Annexure-A contains appointment details and profile of Ravindra Maloo.

AGM and governance actions

• 33rd AGM to be held on 22 Sep 2026 at 2:00 PM IST via VC/OAVM.
• Record date and share transfer/register closure dates finalised.

Scrutinizer appointment

• Appointed Ms. Rupa Gupta as AGM Scrutinizer.

Key Decisions

• Board approved incorporation of a Wholly Owned Subsidiary in India.
• Proposed authorized and paid-up capital: Rs 1,00,00,000.
• WOS will be a related party post-incorporation; no promoter group interest currently.
• WOS to be 100% owned by Rajasthan Securities; nominee shareholding as required by law.
• Business focus: general trading, securities trading, and allied activities.
• Initial capital to be cash; subscription up to Rs 1 crore.
• Name of WOS to be approved by MCA; update on incorporation.
• Incorporation subject to MCA and other regulatory approvals.
• As of today, Rajasthan Securities has no promoter or promoter group.

Dematerialisation processing and listing

• Dematerialisation requests were processed and confirmed as accepted/rejected by depositories.
• Securities dematerialised are listed on the stock exchanges where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository registered owner substituted.

🗓️ Meeting Details

• Board meeting scheduled for Friday, 13 February 2026 at 2:00 PM.

📊 Financial Results

• Board to consider and approve unaudited financial results for quarter and nine months ended 31 December 2025.