Key Quantitative Figures

Standalone Financials (FY2025-2026):

  • Total Revenue: ₹1757.68 lakhs (Previous Year: ₹1561.27 lakhs)
  • EBITDA: ₹97.01 lakhs (PY: ₹131.34 lakhs)
  • Profit Before Tax: ₹19.05 lakhs (PY: ₹52.23 lakhs)
  • Profit After Tax: ₹13.24 lakhs (PY: ₹37.40 lakhs)
  • Basic EPS: ₹0.02 (PY: ₹0.06)
  • Diluted EPS: ₹0.02 (PY: ₹0.05)

Consolidated Financials (FY2025-2026):

  • Total Revenue: ₹3643.66 lakhs (PY: ₹1671.47 lakhs)
  • EBITDA: ₹145.27 lakhs (PY: ₹186.66 lakhs)
  • Profit Before Tax: ₹37.19 lakhs (PY: ₹78.78 lakhs)
  • Profit After Tax: ₹24.31 lakhs (PY: ₹57.36 lakhs)
  • Share of Profit transferred to Minority Interest: ₹1.58 lakhs (PY: ₹3.09 lakhs)

Capital Structure:

  • Authorized Share Capital: ₹10,00,00,000 divided into 10,00,00,000 equity shares of ₹1 each
  • Issued, Subscribed and Paid-up Capital: ₹6,11,62,000 divided into 6,11,62,000 equity shares of ₹1 each
  • Convertible Warrants: 10,00,000 warrants issued (25% amount received, balance payable within 18 months from allotment)

Director Remuneration:

  • Mr. Ashok Ajmera: ₹36,28,800
  • Mr. Ankit Ajmera: ₹35,01,600
  • Mr. Anuj Ajmera: ₹35,01,600
  • Total Director Remuneration: ₹1,06,32,000
  • Sitting Fees to Independent Directors: ₹2,00,000

Dates of Action

  • Board Meeting Date: 22nd May 2026 (Notice approval date)
  • AGM Date: Tuesday, 21st July 2026 at 11:30 AM IST
  • E-voting Cut-off: Tuesday, 14th July 2026
  • Remote E-voting Period: 17th July 2026 (9:00 AM) to 20th July 2026 (5:00 PM)
  • Book Closure: 15th July 2026 to 21st July 2026 (both days inclusive)
  • Financial Year: 1st April 2025 to 31st March 2026

Parties Involved

Board of Directors:

  • Mr. Ashok Ajmera (Chairman, Managing Director & CEO)
  • Mr. Ankit Ajmera (Whole Time Director & CFO)
  • Mr. Anuj Ajmera (Whole Time Director & CISO)
  • Mrs. Beverly S N Avalani (Independent Director)
  • CA Rahul Atal (Independent Director)
  • CA Sangeeta Vijay Kumar (Independent Director)

Key Managerial Personnel:

  • Mr. Ashok Ajmera
  • Mr. Ankit Ajmera
  • Mr. Anuj Ajmera
  • Mr. Kaushal Shukla (Company Secretary & Compliance Officer)

Auditors:

  • Statutory Auditors: M/s. Bhatter & Company, Chartered Accountants
  • Internal Auditors: M/s. Atul Donde & Company, Chartered Accountants
  • Secretarial Auditors: Ms. Sonam Jain, Company Secretary

Registrar & Transfer Agent: Bigshare Services Pvt. Ltd.

Purpose and Rationale

The AGM is convened to transact ordinary business including adoption of audited financial statements for FY2025-2026 and reappointment of Mr. Ankit Ajmera who retires by rotation. The company has undertaken share sub-division to enhance liquidity and accessibility of shares.

Financial and Operational Impact

The company reported decreased profitability due to market volatility and geopolitical situations affecting capital markets. The share sub-division has altered the capital structure without changing the overall capital base. No dividend was declared for the year to conserve resources for working capital needs.

Capital Structure Impact

  • Equity shares sub-divided from face value ₹10 to ₹1 per share effective 20th June 2025
  • Authorized capital changed from 1,00,00,000 shares of ₹10 each to 10,00,00,000 shares of ₹1 each
  • Issued capital changed from 61,16,200 shares of ₹10 each to 6,11,62,000 shares of ₹1 each
  • Convertible warrants will now convert into 10 equity shares of ₹1 each instead of 1 share of ₹10 each

Corporate Governance

  • The company is exempt from certain corporate governance provisions under Regulation 15(2) of SEBI LODR due to paid-up capital below ₹10 crores and net worth below ₹25 crores
  • Voluntary compliance with certain governance requirements maintained
  • Board consists of 6 directors with 3 executive and 3 independent directors

Subsidiary Information

The company has three subsidiaries:

1. Ajcon Finance Limited (79.33% holding)

2. Ajcon Comtrade Private Limited (100% holding)

3. Kanchanmanik Securities Private Limited (100% holding)

Auditor Reports

Both statutory and secretarial auditors provided unqualified reports without any adverse remarks. No frauds were reported by auditors under Section 143(12) of Companies Act 2013.

Other Material Information

  • Dematerialization status: 95.74% shares in demat form, 4.26% in physical form
  • Company engaged in stock broking, corporate advisory, merchant banking, and depository participant services