Thakral Services India Ltd

Dematerialisation status and ownership update

• Securities received for dematerialisation during the quarter were confirmed (accepted/rejected) to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Thakral Services India Ltd — Trading window closed from 15 October 2026 until the expiry of 48 hours after the declaration of financial results for the quarter ending 30 September 2026

AGM details

• AGM held on 21 Sep 2026 at 11:30 AM via VC/OAVM.
• Remote e-voting from 18 Sep 2026 9:00 AM to 20 Sep 2026 5:00 PM IST.

Key resolutions

• Resolution 1: Adoption of audited financial statements and reports; ordinary.
• Resolution 2: Re-appointment of Kanwaljeet Singh Bawa; ordinary.
• Resolution 3: Re-appointment of Chennotha Divakara Prabhu Rajendran; ordinary.
• Resolution 4: Re-appointment of Mrs. Nirmala Sridhar as Managing Director; ordinary.

Voting results

• All resolutions passed; majority as specified under the Companies Act 2013.
• Each resolution reported as passed with strong in-favour support.

Director changes

• Re-appointment of two directors retiring by rotation: Kanwaljeet Singh Bawa and Chennotha Divakara Prabhu Rajendran.
• Nirmala Sridhar re-appointed as Managing Director.

AGM Details

• AGM held Monday, 21 September 2026 at 11:30 a.m. via VC/OAVM.
• Remote e-voting from 18 Sep 2026 9:00 a.m. to 20 Sep 2026 5:00 p.m.
• Total attendees: 4 members.

Key Resolutions

• Ordinary: Adoption of audited Balance Sheet and P&L for year ended 31.03.2026.
• Ordinary: Re-appointment of Mr. Kanwaljeet Singh Bawa as Director by rotation.
• Ordinary: Re-appointment of Mr. Chennotha Divakara Prabhu Rajendran as Director by rotation.
• Special: Re-appointment of Mrs. Nirmala Sridhar as Managing Director.

Voting Results

• Resolution 1: Passed.
• Resolution 2: Passed.
• Resolution 3: Passed.
• Resolution 4: Passed.

Director Changes

• Re-appointments of two directors; Mrs. Nirmala Sridhar re-appointed as MD.

Financial highlights

• Total income for year ended 31-Mar-2026: 108.73 lakhs.
• Revenue from operations: 74.07 lakhs.
• PAT: loss of 3.15 lakhs.
• Total comprehensive income: loss of 4.71 lakhs.
• EPS: -0.03.
• Dividends not declared due to accumulated losses.

Capital structure & liquidity

• Paid-up equity share capital: Rs 352.05 lakhs.
• Net worth: Rs -920.82 lakhs.
• Borrowings: Rs 811.35 lakhs.
• Total liabilities: Rs 1040.07 lakhs.
• Total assets: Rs 119.25 lakhs.
• Cash and cash equivalents: Rs 18.03 lakhs.

Business & strategy

• Securities business sold; exploring newer lines of business.
• Promoter holding restructured to enable diversification.
• Capital structure improvements enable new opportunities.
• Company pivoting from security devices to higher-value opportunities.
• Operations historically focused on CCTV, access control, alarms.

Governance & audit

• Statutory auditors: M/s K S Rao & Co.
• Secretarial auditors: M/s Somy Jacob & Associates.
• Board size: six directors; 1 executive, 2 independent.
• Independent directors: two on the board.
• 43rd AGM scheduled for 21 Sep 2026 via VC/OAVM.
• Remote e-voting window: 18-20 Sep 2026.
• Register of Members closed 15-21 Sep 2026.

Related party transactions

• Unsecured loans from Thakral One Solution Pvt Ltd: 24.07 lakh.
• Unsecured loan from Thakral Computers Pvt Ltd: 5.70 lakh.
• Unsecured loan repayment to Thakral One Solution: 52.07 lakh.
• Sitting fees to two directors: 0.50 lakh each.
• Closing balance of unsecured loans from associates: 752.04 lakh.

Audit qualifications & going concern

• Auditor's report includes qualified opinion due to EPFO recovery.
• Interim stay obtained; Rs 60.36 lakh shown in note, not in books previously.
• Going concern: accumulated losses Rs 1272.87 lakhs; management has support letters.

Other disclosures

• Single business segment: CCTV trading; no multiple segments.
• CSR not applicable for FY2025-26.
• Ind AS financials prepared on going concern basis.

AGM details

• AGM 43RP will be held at 11:30 a.m. on Sep 21, 2026 via VC/OAVM.
• E-voting cut-off date is Sep 14, 2026.
• Register of Members and transfer books closed Sep 15–21, 2026 (inclusive).
• E-voting window runs Sep 18–20, 2026 (9:00 AM–5:00 PM).

Board actions

• Board approved Q1 FY2026-27 unaudited results and AGM on 21 Sep 2026.
• Re-appointed Mrs. Nirmala Sridhar as Managing Director.

Financial highlights

• Revenue from operations 1,658 lakhs; other income 12.76 lakhs; total revenue 2,034 lakhs.
• Profit for the period: loss 1.28 lakhs; EPS -0.01.
• Accumulated losses 1,274.15 lakhs; net worth eroded.

Going concern & liquidity

• Going concern basis adopted; operations moved to Thakral Innovation Pvt Ltd since Oct 1, 2023.
• Trade receivables 34.47 lakhs; interest-free loans outstanding 812.51 lakhs.
• EPFO recovery order 60.36 lakhs; interim stay; possible cash outflow.

Auditor's remarks

• Independent review by KS Rao & Co; qualified due to EPFO and Ind AS 109 issues.
• Going concern noted; management support letters from shareholders and lenders.

Other

• AGM date fixed for 21 September 2026.
• Quarterly March 31, 2026 figures shown as balancing figures.

Meeting Details

• Date: 14 August 2026; Time: 4:30 PM; Location: Bangalore.

Key Agenda Items

• Consider and adopt unaudited financial results for quarter ended 30 June 2026.
• Approve draft AGM notice for 21 September 2026.
• Consider a special resolution to re-appoint Mrs. Nirmala Sridhar (DIN 07076059) as director.

Other Notes

• Delay in filing prior intimation with BSE acknowledged; deemed compliant with regulations.

Meeting Details

• Date, time and venue are not disclosed.

Key Agenda Items

• No agenda items disclosed in filing.

Other Notes

• Issuer: Thakral Services India Ltd; no material notes disclosed.