RGF Capital Markets Ltd

AGM details

• AGM held on 30 September 2026 at the registered office; physical meeting, 11:00 AM to 12:30 PM.

Ordinary business

• Adoption of audited financial statements for the year ended 31 March 2026.
• Regularisation and appointment of Non-Executive Independent Director for a five-year term.
• Appointment of statutory auditors in compliance with Companies Act provisions.

Special business

• Appointment of Secretarial Auditor for FY 2026-27; remuneration to be determined by the Board.

Voting results

• Detailed voting results and Scrutinizer report to be submitted separately.

RGF Capital Markets Limited — Trading Window closed from 1 October 2026 until 48 hours after the declaration/publication of the financial results for the quarter ended 30 September 2026

Financial snapshot

• Total income 56.43 Lakh; revenue from operations 53.77 Lakh; other income 2.65 Lakh
• PAT 15.70 Lakh; EPS 0.01
• Net worth 1,387.43 Lakh as of 31-Mar-2026
• Cash and cash equivalents 421.82 Lakh
• Loans (net) 1,103.76 Lakh; investments 28.88 Lakh
• Total assets 1,562.15 Lakh
• No borrowings; RBI NBFC license B-05.00255; 100% dematerialised equity

Balance sheet highlights

• Loans (net) 1,103.76 Lakh
• Investments 28.88 Lakh
• Total assets 1,562.15 Lakh
• Equity 1,387.43 Lakh; Retained earnings (119.54) Lakh
• Cash flows: net cash 11.00 Lakh from operating activities
• No deposits; NBFC status; no long-term borrowings
• Equity shares: 1,500.24 Lakh paid-up capital

Dividend & capital returns

• Dividend: Board did not declare any dividend
• AGM 43rd on 30-Sep-2026; remote e-voting 27-29 Sep 2026
• Listing: BSE and CSE; listing fees paid for 2025-26

Governance & audits

• Board size 6; 8 board meetings held
• Independent Directors: Ajay Pratap Singh; Basanti Roy
• Shraddha Handa resigned as Company Secretary on 1-May-2026
• Secretarial audit: Mr. Pankaj Kumar Modi appointed as Secretarial Auditor
• Statutory auditors: Arun Jain & Associates; Beriwal & Associates resigned
• Governance compliance certificate and annexures issued

Management discussion & risk

• NBFC sector: regulatory changes broaden NBFC role
• Internal controls: adequate; risk management ongoing
• ECL provisioning: 4.44 Lakh for 12-month ECL; exposure 1,108.21 Lakh
• No material related party transactions; arm's length; disclosures in notes
• Asset quality: standard assets 1,108.21 Lakh; no NPAs reported
• Outlook: NBFC growth aided by digitalization and credit demand
• Liquidity: monitoring; CRAR and liquidity ratios healthy

Regulatory & risk flags

• RBI NBFC norms; capital adequacy updates
• No penalties or litigations; compliant in the last three years
• Ind AS 118 convergence planned for 2027

Open Offer details

• Proposed Open Offer to acquire up to 3,90,06,240 shares (26%) of RGF Capital Markets Ltd from public shareholders.
• Acquirers include Nishad J. Shah family entities and associates, including Trupti Management Services Pvt Ltd and Rocksolid group.
• Identified date for LOF recipient names fixed as Monday, September 28, 2026.
• Identified date is under SEBI SAST Regulations 18(2) for LOF dispatch.
• Manager to Open Offer: Kunvarji Finstock Private Limited.

Regulatory approvals and board changes

• SEBI issued approval-observation letter dated June 11, 2026 for change in shareholding, control, and management.
• RBI approved the proposed change in shareholding and management on September 24, 2026.
• RBI also approved appointment of Nishad Jitendra Shah and Rajshree Nishad Shah as directors.
• Open offer to public shareholders for acquiring equity shares announced March 10, 2026.
• Acquirers include Kunvarji Finstock Private Limited acting on behalf of multiple buyers in the open offer.

Open-market disposal by promoter group

• Target Company: Caravan Vyapaar Private Limited.
• Disclosing Party: Caravan Vyapaar Private Limited (Promoter group).
• Transaction Type: Disposal of voting-right shares via open market.
• Pre-Transaction Holding: 5,211,870 shares (3.47%).
• Post-Transaction Holding: 0 shares (0.00%).
• Mode: Open Market.
• 27/07/2026: 700,000 shares (0.47%).
• 28/07/2026: 101,326 shares (0.07%).
• 29/07/2026: 650,000 shares (0.43%).
• 30/07/2026: 700,000 shares (0.47%).
• 31/07/2026: 700,000 shares (0.47%).
• 03/08/2026: 700,000 shares (0.47%).
• 06/08/2026: 504,349 shares (0.33%).
• 17/08/2026: 288,000 shares (0.19%).
• 18/08/2026: 168,195 shares (0.10%).
• Total disposed: 4,511,870 shares.
• Share capital before/after: 150,024,000; diluted: 150,024,000.

Key details

• Target Company: RGF Capital Markets Limited.
• Disclosing Party: Buddleia Traders Private Limited (Promoter).
• Transaction Type: Disposal of equity shares (open market).
• Pre-transaction voting rights: 4,618,720 shares (3.08%).
• Pre-transaction encumbrances: 550,000 shares (0.37%).
• Transaction details: Open-market sale of 2,451,786 shares.
• Post-transaction holding: 2,166,934 shares (1.44% voting).
• Post-transaction diluted holding: 1.96%.
• Dates: 28/07/2026, 29/07/2026, 30/07/2026, 31/07/2026.
• Dates contd: 03/08/2026, 07/08/2026, 12/08/2026, 18/08/2026.
• Equity share capital before and after: 150,024,000 shares.
• Total diluted share capital after: 150,024,000 shares.

Transaction details

• Target: RGF Capital Markets Limited; Acquirer: Sharp Investments Limited (Promoter).
• Pre-holding: 7,073,130 shares (4.71%); Post-holding: 6,348,130 shares (4.23%).
• Disposal: 725,000 equity shares, 0.48% of total, on 18 Aug 2026, via open market.
• Share capital before/after: 150,024,000; Diluted capital: 150,024,000.

Promoter disposal under Reg 29(2)

• Target Company: RGF Capital Markets Limited.
• Disclosing Party: Synosy Automotive Private Limited, promoter.
• Transaction Type: Disposal of voting shares via open-market sales.
• Pre-Transaction Holding: 4,464,500 shares (2.98%).
• Sale: 700,000 shares (0.47%) on 31/07/2026.
• Sale: 725,000 shares (0.48%) on 18/08/2026.
• Post-Transaction Holding: 3,039,500 shares (2.03%).
• Dates: 31/07/2026 and 18/08/2026.
• Mode: Open Market.
• Equity share capital before: 150,024,000.
• Equity share capital after: 150,024,000.
• Total diluted share capital after: 150,024,000.

Transaction Summary

• Target Company: RGF Capital Markets Limited.
• Disclosing Party: Sagar Mal Nahata, Promoter.
• Transaction Type: Sale of equity shares.
• Pre-Transaction Holding: 8,998,655 shares, 6.00%.
• Transaction Details: 725,000 equity shares (0.48%) sold via open market.
• Post-Transaction Holding: 8,273,655 shares, 5.52%.
• Date of Transaction: 18/08/2026.
• Share Capital Context: Before: 150,024,000; After: 150,024,000; Diluted: 150,024,000.