Shardul Securities Ltd

Meeting Details

• Date: 20 October 2026; Time and location not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter and half-year ended 30 September 2026.

Other Notes

• Trading window closed from 01 October 2026 until 48 hours after results announcement.

Shardul Securities Limited — Trading window closed from October 01, 2026; will reopen 48 hours after declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

Record date and buy-back details

• Record date fixed for entitlement in buy-back of up to 1.92 crore shares at ₹60; cap ₹1,15,20,00,000.

AGM Details

• AGM held on 25 September 2026 at 12:00 p.m. via VC/OAVM.
• Cut-off date for voting: 18 September 2026.
• Remote e-voting period: 22 to 24 September 2026.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment by rotation of Director Devesh Chaturvedi.
• Approval for buyback of equity shares.

Voting Results

• Resolution 1 passed with requisite majority; all votes in favour.
• Resolution 2 passed with requisite majority; all votes in favour.
• Resolution 3 passed with requisite majority; all votes in favour.

Dividend

• No dividend proposed or declared.

Directors

• Director Devesh Chaturvedi re-appointed by rotation.

AGM Details

• AGM held on 25 September 2026 at 12:00 PM via Video Conference/OAVM.
• Remote e-voting window: 22–24 September 2026.

Key Resolutions

• Adopt Audited Financial Statements (standalone and consolidated) for year ended 31 March 2026.
• Re-appointment of Mr. Devesh Chaturvedi as director on retirement by rotation.
• Special: Buyback of equity shares.

Voting & Outcomes

• Outcome of adoption of financial statements: not disclosed.
• Outcome of director re-appointment: not disclosed.
• Outcome of buyback: not disclosed.

Book closure details

• Book closure: 19 September 2026 to 24 September 2026 (inclusive) for the AGM.

Financial performance

• Total income: 536.73 Lakhs for FY2025-26.
• Profit before tax: -7716.84 Lakhs; tax: (1,821.42) Lakhs.
• Profit after tax: -5895.42 Lakhs; OCI: 64.02 Lakhs; total comp income: -5831.40 Lakhs.
• Earnings per share (Basic): -6.74 Rs.
• Dividend proposed: none due to year loss.

Capital structure & liquidity

• Total borrowings: 27,401.68 Lakhs; Margin Trading Funding: 26,437.68.
• Cash and cash equivalents: 162.41 Lakhs; bank balance (non-cash) 2.79 Lakhs.
• Shareholders’ equity: 51,578.25 Lakhs; paid-up capital: 1,749.84 Lakhs.
• Debt to equity (standalone): 0.59; post-buyback target 0.79.
• Investments carrying value: 76,146.11 Lakhs.

Buyback update

• Board approves buyback up to 1,92,00,000 equity shares at ₹60 per share; up to ₹115.20 Crore.
• Buyback size capped at 24.92% of paid-up capital and free reserves.
• Small shareholder reservation: 15% of buyback entitlement.
• Record date to be fixed; tender-offer route through stock exchanges.

Subsidiaries & group

• Shriyam Broking Intermediary Limited: 100% subsidiary; stock broking; net income ₹9.74 Crore.
• Shriyam Realtors Private Limited: 100% subsidiary; limited transactions to date.
• Consolidated group includes SBIL and Shriyam Realtors Private Limited.

Governance & risk management

• Board of 7 directors; 4 independent; 1 woman; 2 executive.
• Audit Committee: 4 independent; Chair Vishnu Dutt; meets 4 times.
• Nomination & Remuneration Committee: 3-4 members; risk oversight strengthened.
• Risk Management Committee: 5 members; meets 2 times.
• IT Strategy Committee: 4 members; meets 2 times.
• Independent Directors' meeting held on 27 Mar 2026.

Dividend & shareholder matters

• AGM: 41st AGM on 25 Sep 2026 via VC/OAVM.
• Promoters hold 74.85%; IEPF 3.60%; Indian public 21.55% (approx).
• Unclaimed dividends transferred to IEPF; 7-year rule applies; claim via IEPF-5.

Audit & compliance

• Auditors: M/s Akkad Mehta & Co LLP; unmodified opinions on standalone & consolidated.
• Secretarial audit: no material qualifications; annexures included.
• No significant litigation; disputed tax demands noted for potential reduction.

CSR & ESG snapshot

• CSR policy aligned with Schedule VII; activities include health and education.
• CSR expenditure: Rs 15.01 Lakhs; average net profit eligible Rs 35.96 Lakhs.
• No ongoing CSR projects; there was shortfall vs annual obligation.

Other notable governance details

• AGM-related notices and e-voting announced; 2% CSR provision disclosed in notes.

AGM details

• Date and time: 25 September 2026, 12:00 PM IST.
• Mode: VC/OAVM.
• Record date: 18 September 2026.
• Shareholder register closure: 19–24 September 2026.
• e-voting window: 22–24 September 2026.
• VC/OAVM venue deemed at registered office.

Key resolutions

• Ordinary: Adoption of Audited standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Devesh Chaturvedi, retiring by rotation.
• Special: Buyback via Tender Offer up to 1,92,00,000 shares at ₹60 each.
• Special: Record date fixed for buyback on 18 September 2026.
• Special: 15% reserved for small shareholders.
• Special: Funding from free reserves and securities premium.

Director changes

• Director changes: Re-appointment of Devesh Chaturvedi.