Safecure Services Ltd

Safecure Services Limited — Trading window closes from Oct 01, 2026 till 48 hours after the half-year ended Sep 30, 2026 results.

AGM Details

• Date of AGM: 25 September 2026.
• Book closure: 21–24 September 2026.
• Record date: 974 shareholders.
• Attendees: 7 (2 Promoter/Promoter Group, 5 Public).
• Voting mode: E-voting and poll.

Key Resolutions

• Resolution 1: Adopt financial statements and reports; passed.
• Resolution 2: Re-appointment of Shailendra Pandey as Director by rotation; passed.
• Resolution 3: Appointment of Subir K. Verma as Independent Director; passed.

Voting Results

• Resolution 1: Passed; 69.09% polled, 100% in favour.
• Resolution 2: Passed; 99.93% in favour on polled.
• Resolution 3: Passed; 99.76% in favour on polled.

Director Changes

• Shailendra Pandey retires by rotation; re-appointment approved.
• Subir K. Verma appointed as Independent Director.

AGM Details

• Date and time: 25 September 2026, 11:10 IST, physical meeting.
• Venue: Registered office, Mira Road, Thane; concluded at 11:30 IST.

Ordinary Business

• Adopt standalone and consolidated financial statements for year ended 31 March 2026 with reports.
• Re-appoint Shailendra Pandey (MD) by rotation.

Special Business

• Appoint Subir K. Verma as Independent Director.

Voting & Results

• All items were voted by poll; e-voting facility provided.
• Voting results not disclosed in the annexure.

AGM Details

• AGM scheduled for 25 September 2026 at 11:00 AM IST at the registered office.
• Mode: physical meeting at registered office.
• Register of Members closed from 22 to 24 September 2026.
• Correct AGM date communicated as 25 September 2026.

Resolutions

• Ordinary: adopt audited standalone and consolidated financial statements for FY 2025-26.
• Ordinary: re-appoint Shailendra Pandey as Director, retiring by rotation.
• Special: appoint Subir K. Verma as Independent Director for five years.

Director Changes

• Shailendra Pandey to stand for re-appointment as Director.
• Subir K. Verma to be Independent Director for five-year term.

Financials

• Standalone revenue ₹5,506.95 lakh; down 9.8% YoY.
• Standalone PAT ₹535.07 lakh; up 3.65% YoY.
• Consolidated revenue ₹6,707.03 lakh; down 8.0% YoY.
• Consolidated PAT ₹603.06 lakh; down marginally.
• EPS (Basic): Standalone ₹6.54; Consolidated ₹7.44.
• IPO completed; BSE SME listing on 6 Nov 2025.
• Issued capital ₹10.04 crore; Authorized ₹11 crore.

Capital structure & liquidity

• IPO proceeds ₹30.60 crore raised.
• Net debt ₹9.56 crore; gearing 0.16x (30-Jun-2025).
• Standalone cash ₹25.01 lakh; Consolidated ₹52.46 lakh.
• Authorized capital ₹11 crore; Issued capital ₹10.04 crore.

Subsidiaries

• Subsidiary Safesense Tech Services Private Limited; 99.99% holding.
• AOC-1 annexed; Safesense merged into Safecure in 2023.

Governance

• Board of Directors: six members; 18 meetings in year.
• Independent Director Subir Verma proposed; appointed Aug 31, 2026.
• Audit Committee presence; NRC and Stakeholders Committee in place.
• Secretarial audit flagged delays in filings; CSR unspent; management focus on compliance.

Audit & compliance flags

• Secretarial Audit noted delays in e-forms filing; CSR unspent ₹1.79 lakh.
• Statutory auditors HRJ & Associates; no qualifications.
• CSR policy disclosed; CSR projects Annexure C.

CSR overview

• Average net profit ₹5.17 crore; CSR obligation ₹10.33 lakh.
• CSR spent ₹8.54 lakh; unspent ₹1.79 lakh; balance carried forward.

Outlook & risks

• Outlook: strengthen operational capabilities; deepen customer relationships.
• Focus on expanding service portfolio and sustainable growth.

Disclosures & disclosures

• One-layer subsidiary structure; no material strain on governance.
• Amalgamation with Safesense settled under pooling of interest.

AGM Details

• AGM date/time: Sep 25, 2026 at 11:00 AM IST, at the registered office (physical).
• Record date: Register of Members closed Sep 22–24, 2026.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Ordinary: Re-appointment of Managing Director by rotation.
• Special/Ordinary: Appoint Subir K. Verma as Independent Director for 5-year term (Aug 31, 2026–Aug 30, 2031).

Director Changes

• Shailendra Pandey to retire by rotation and be eligible for re-appointment.
• Subir K. Verma appointed Independent Director for five-year term (Aug 31, 2026–Aug 30, 2031).

Appointment

• Appointment of Subir K. Verma as Independent Additional Director, effective Aug 31, 2026, till the ensuing AGM.
• Designation: Independent Non-Executive Director; approved by Board on N&R Committee recommendation.
• Profile: about 24 years in financial services; CEO & Founder, Adhyaksh Capital since 2018.
• Past roles: HDFC Bank, Kotak Mahindra, DHFL Pramerica, VIP Industries.
• No relationship with other directors.
• Term: office to be held until the ensuing AGM.

Key Decisions

• Approved annual report for FY ended March 31, 2026, including Board's Report and MD&A.
• Fixed book closure from Sep 21 to Sep 24, 2026 for the 14th AGM.
• Appointed KNK & Co LLP as Scrutinizer for e-voting at the AGM on Sep 25, 2026.
• Approved AGM notice for 14th AGM on Sep 25, 2026 at 11:00 IST.
• Appointed Subir K. Verma as Additional Independent Director, effective Aug 31, 2026, till ensuing AGM.

Contract win

• Safecure received a service contract from NBFCs affiliated with the Bajaj Group and Poonawalla Group.
• Management notes the order is not disclosed as a material financial event.
• Aims to diversify its customer base and reduce dependence on a single segment.
• Will disclose to stock exchanges as required under applicable laws.
• Date of release: August 21, 2026.