Shree Securities Ltd

AGM Details

• Date/time: 29 Sep 2026, 04:00–04:25 PM; VC/OAVM at registered office.
• Record date: 22 Sep 2026; shareholders on record: 92,005.
• Venue: registered office; 67 public attendees via VC.
• Scrutinizer: Vishakha Agrawal & Associates.

Key Resolutions and Outcomes

• Item 1 (Ordinary): Adopt audited financial statements for the year ended Mar 31, 2026; passed.
• Item 2 (Ordinary): Appoint M/s Sunit M Chhatbar & Co as statutory auditors for five years; passed.
• Item 3 (Special): Approve related-party loans/guarantees to subsidiaries; limit up to 60% paid-up capital.
• Item 4 (Special): Increase threshold under Section 186 to Rs 100 crores.
• Item 5 (Special): FPIS/FIIS limit to 49% of paid-up capital.
• Item 6 (Special): Appoint Udayan S Kachchhy as Non-Executive Independent Director for five years.
• Item 7 (Special): Reduction and consolidation of share capital; scheme approved.

Auditor Appointment

• Statutory auditor appointed: M/s Sunit M Chhatbar & Co; term five years.

Material Related Party Transactions

• Related-party loans/guarantees to subsidiaries approved; subject to resolution 3 limit.

Capital Restructuring & Other Approvals

• Capital reduction and consolidation under scheme approved; effective per NCLT order.

AGM outcomes and resolutions

• Audited financial statements for the year ended 31 March 2026 were adopted.
• Appointment of statutory auditor and its remuneration were approved.
• Approval was granted to advance loans, provide guarantees, or secure obligations under section 185.
• Threshold for loans, guarantees, securities, and investments under section 186 was increased.
• The overall cap on FPIs/FIIs holding rose to 49% of paid-up capital.
• Mr. Udayan Shardul Kachchhy was appointed as non-executive independent director.
• Approval was given for the reduction and consolidation of share capital.
• E-voting results will be disclosed to exchanges and on the company website by October 1, 2026.
• Scrutinizer Vishakha Agrawal & Associates was appointed to supervise the voting.
• Record date fixed 22 September 2026; shareholders total 92,005.

AGM Details

• AGM held on 29 September 2026 from 04:00 PM to 04:25 PM.
• Mode: VC/OAVM; venue: registered office, Kolkata.
• Agenda included adoption of financial statements and related resolutions.

Resolutions and Outcomes

• Adopt Audited financial statements for year ended 31 March 2026; Passed with Requisite Majority.
• Appointment of statutory auditor and fix remuneration; Passed with Requisite Majority.
• Approve loans/guarantees/security under section 185; Passed with Special Majority.
• Increase threshold for loans/guarantees/securities under section 186; Passed with Special Majority.
• Increase FPIs/FIIs cap to 49% of paid-up equity; Passed with Special Majority.
• Appoint Mr. Udayan Shardul Kachchhy as Non-Executive Independent Director; Passed with Special Majority.
• Approval of Reduction and Consolidation of Share Capital; Passed with Special Majority.

Shree Securities Ltd: Trading window closed from October 01, 2026 till the expiry of 48 hours after the declaration of Unaudited Standalone Financial Results and Financial Statements for the 2nd Quarter and Half year ended 30th September, 2026 become generally available information

AGM Details

• 33rd AGM via VC/OAVM on 29 September 2026 at 04:00 PM IST.
• Mode: VC/OAVM with deemed venue at registered office.
• Record date for attendance and voting: 22 September 2026.
• EVoting window: 26–28 September 2026 via CDSL platform.

Ordinary Business

• Receive and adopt audited financial statements for year ended March 31, 2026.
• Appoint M/s Sunit M Chhatbar & Co as statutory auditors for five years; remuneration fixed by the Board.

Special Business

• Approve loans/guarantees/security to related entities under Section 185 up to 60% of paid-up capital with reserves.
• Increase threshold for loans/guarantees/investments under Section 186 to Rs 100 crores.
• Increase FPI/FIIs limit to 49% of paid-up equity, subject to RBI approvals.
• Appoint Udayan S Kachchhy as Non-Executive Independent Director for five years.
• Approve Reduction and Consolidation of Share Capital under the Scheme; requires NCLT confirmation.

Financial performance

• Revenue from operations: ₹74.70 Lakhs in FY2025-26, up from ₹68.35 Lakhs.
• Total income: ₹74.70 Lakhs for FY2025-26.
• Expenses: ₹68.53 Lakhs; finance cost ₹14.38 Lakhs; other expenses ₹54.15 Lakhs.
• Profit before tax: ₹6.17 Lakhs in FY2025-26.
• Profit after tax: ₹6.17 Lakhs; prior year ₹65.72 Lakhs.
• Basic EPS: ₹0.001; prior year ₹0.008.
• Dividend declared: none in FY2025-26.
• Net cash from operating activities: positive; approx ₹11.9 Lakhs.

Capital restructuring

• 33rd AGM scheduled for 29 September 2026 (VC/OAVM).
• Capital reduction and consolidation approved to extinguish ₹78.20 Crore losses.
• Pre-reduction capital ₹79.80 Crore; post-reduction ₹1.596 Crore; consolidation to 15,96,000 shares of ₹10.
• Effective date after NCLT order; Record Date within 90 days.
• Scheme preserves creditor rights; no cash payout; listing continues.

Governance & board changes

• Udayan S. Kachchhy appointed Non-Executive Independent Director for five years.
• Priyanka Singh resigned as Independent Director on 16 Sep 2025.
• CFO Shubham Gupta and Company Secretary Varsha Maniar resigned in 2025.
• Gurdeep Singh appointed CS & Compliance Officer on 22 Jun 2026.
• Auditors: Sunit M. Chhatbar appointed; RK Kankaria resigned 10 Aug 2026.
• Secretarial Auditor: Kirti Sharma & Associates.
• Audit Committee comprises three Independent Directors.

Audits & compliance

• Audit emphasis: unsecured loans ₹3.15 Crore at concessional 4% interest.
• Multiple SEBI LO DR fines for late filings; company to comply going forward.
• Secretarial MR-3 issued; governance observations to be addressed.
• Governance disclosures and certifications published on company website.

Operations & risk

• Company is an NBFC; focus on loans and investments; prudent lending.
• Capital reduction central to restoring financial position; no new business expansion disclosed.
• No public deposits accepted; going concern maintained after restructuring.

Shareholding & listing

• Post-scheme equity capital reduces to ₹1.596 Crore; 15.96 lakh shares of ₹10.
• Shareholding pattern remains pro rata; no change in control.
• Promoters hold 0.44%; Public holds 99.56% as of 31.03.2026.
• Dematerialization: 70.83% with CDSL; 29.12% with NSDL; 0.05% physical.

AGM & notices

• 33rd AGM notice available on company website and stock exchanges.
• E-voting facility via CDSL/NSDL; voting window 26-28 Sep 2026.
• Record date to be fixed after approval; attendance via VC/OAVM.

Other disclosures

• Related party transactions disclosed per IND AS 24; no material deals this year.
• Whistle blower policy and code of conduct published on website.
• Company complies with mandatory SEBI LO DR requirements; compliance certificates issued.

Capital restructuring

• Board approved the Scheme of Reduction of Capital and Consolidation; subject to shareholders' and NCLT approvals.
• Pre/post details: 1,59,60,000 Re 1 shares; post-consolidation 15,96,000 Rs 10 shares.
• Effect: extinguish accumulated losses and restore balance sheet to enable future financing.
• Consolidation ratio 1:10; 78,20,40,000 shares canceled; 15,96,000 shares of Rs 10 issued.
• Timeline: completion subject to NCLT approval and other regulatory formalities.

Governance and AGM

• Appointment of Mr. Udayan S Kachchhy as Additional Non-Executive Independent Director for five years (Sep 2026–Sep 2031).
• Appointment to board effective 4 Sep 2026; no shareholding in the company.
• Statutory Auditor M/s Sunit M Chhatbar & Co appointed for FY 2026-27 to 2030-31.
• Notice of 33rd AGM approved; e-voting window 26–28 Sep 2026; book closure 23–29 Sep 2026.
• Board approved increasing aggregate FPIs/FIIs limit to 49% of paid-up capital.

AGM Details

• AGM date/time: 29 September 2026 at 04:00 PM IST
• Mode: VC/OAVM; deemed venue: registered office address in Kolkata
• Record date for e-voting: 22 September 2026
• Remote e-voting window: 26-28 September 2026

Ordinary Business

• Receive and adopt audited financial statements for year ended 31 March 2026
• Appoint M/s Sunit M Chhatbar & Co. as Statutory Auditors for five years; remuneration by Board

Special Resolutions

• Approve loans/guarantees/securities under Section 185 for subsidiaries up to 60% of paid-up capital, free reserves and securities premium
• Increase threshold under Section 186 for loans/guarantees/investments to Rs 100 crores
• Increase FPIs/FIIs limit to 49% of paid-up equity capital
• Appoint Udayan S Kachchhy as Non-Executive Independent Director for five years

Governance & Appointments

• Udayan S Kachchhy appointed Additional Director on 04-Sep-2026; term five years commencing 04-Sep-2026

Related Party Transactions

• Material RPTs: authority to advance loans/guarantees to subsidiaries/associates within specified Section 185 limits

Financial performance

• Revenue from operations ₹74.53 L, up from ₹68.08 L in 2024-25.
• Total income ₹74.70 L.
• Profit after tax ₹6.17 L, down from ₹65.72 L.
• Total expenses ₹68.53 L; Finance cost ₹14.38 L.
• EPS (basic) ₹0.001; (diluted) ₹0.001.
• Dividend declared: none.

Capital structure & liquidity

• Paid-up equity capital ₹7.98 crore.
• Borrowings – current: ₹74,169.07 thousand.
• Cash and cash equivalents: ₹21,790.29 thousand.
• No public deposits outstanding.

Governance & board changes

• Priyanka Singh resigned as Non-Executive Independent Director on 16-09-2025.
• Udayan S Kachchhy appointed Non-Executive Independent Director for five years from 04-09-2026.
• Gurdeep Singh appointed Company Secretary & Compliance Officer on 22-06-2026.
• CFO Shubham Gupta resigned on 16-09-2025.

Auditors & compliance

• R.K. Kankaria & Co. resigned 10-08-2026; Sunit M. Chhatbar & Co. appointed as Statutory Auditors for 2026-2031.
• Secretarial audit flagged SEBI LODR non-compliances with fines; management to remediate.
• Independent Auditor's Report issued with no material qualifications.

AGM & resolutions

• 33rd AGM on 29 Sept 2026 at 04:00 PM via VC/OAVM.
• Notice available on company and stock exchange websites.
• Resolutions include loan approvals, investment limits, and board appointments.

Shareholding & listings

• Equity shares listed on BSE and CSE.
• Shareholding: Public 99.56%; Promoters 0.44% as of 31 March 2026.
• Registrar & Transfer Agent: Niche Technologies Pvt. Ltd.

Risk, compliance & outlook

• NBFC regulatory environment; RBI norms; credit and liquidity risks.
• Management focuses on asset quality, prudent lending, and compliance.
• Management Discussion & Analysis covers macro and sector trends.