Meeting Details
The 32nd Annual General Meeting was held on Tuesday, 25 August 2026 at 10:00 a.m. through video conferencing/Other Audio Visual Means (OAVM). The meeting commenced at 10:00 a.m. and concluded at 10:41 a.m.
Attendance
- Mr. Dipan Mehta, Chairman, conducted the proceedings
- All Directors of the Company were present
- Statutory Auditor and Secretarial Auditor were present
- Mr. Punit Shah of M/s. P. C. Shah & Co., Practicing Company Secretaries, appointed as Scrutinizer for e-voting process
Financial Performance Highlights (Consolidated Basis)
- Financial year 2025-26 was very challenging for the Company
- Profit before tax declined from ₹18.02 crores to ₹5.31 crores
- Decline attributed to major geopolitical event on 28th February 2026 causing significant stock price decline
- Business primarily consists of share trading and arbitrage, resulting in mark-to-market losses during market downturn
- Markets subsequently recovered, with losses recovered as visible in June quarter results
- Costs related to Mutual Fund Distribution Channel and WhatsApp Chat Mobile App development were written off, contributing to lower profits
Strategic Initiatives and Business Updates
Fintech Division (Elixir Equities Private Limited)
- Developed India's first WhatsApp-based chatbot for mutual fund subscription
- Entire investment journey managed on WhatsApp: financial goal advising, KYC, SIP mandate setup, and reporting
- Aimed at creating 'Ease of Investment' for investors unfamiliar with mutual fund apps
- Expected to scale up in current year with marketing investments
PaisaSmart YouTube Channel
- Operates under Research and Analyst Registration of Elixir Equities Private Limited
- Current subscriber base: 169,000 subscribers
- WhatsApp Chat service branded under PaisaSmart registered trademark
- Uploads 2-3 videos weekly receiving 40,000 to 150,000 views
- Channel helps build credibility and brand, driving customers to mutual fund platform
Outlook and Guidance
- Management optimistic about FY2027 performance due to activity in small/mid-cap stocks
- Company's trading and arbitrage activities focused on small/mid-cap stocks
- IPO market movement provides new opportunities for traders
- Performance closely linked to stock market conditions and prices
- Expectation of good year if markets sustain current levels, trading volumes pick up, new IPOs emerge, and no major geopolitical crises occur
- Benefits of Fintech division investments expected to materialize in coming years
Auditor Reports
- No qualifications, observations, or comments in Statutory Auditors' report and Secretarial Auditors Report requiring reading at the meeting
Voting Arrangements
- Remote e-voting facility provided between Saturday, 22 August 2026 (9:00 a.m. IST) and Monday, 24 August 2026 (5:00 p.m. IST)
- E-voting also available during the AGM
- Combined results of e-voting (remote and at AGM) along with Scrutinizer's Report to be uploaded on company website, CDSL website, and intimated to stock exchanges within 48 hours of AGM conclusion
Agenda Items Transacted
Ordinary Business
1. (a) Approval of Audited Standalone Annual Financial Statements for FY ended 31 March 2026 and Reports of Board of Directors and Auditors
(b) Approval of Audited Consolidated Annual Financial Statements for FY ended 31 March 2026 and Reports of Auditors
2. Declaration of dividend on Equity Shares @ 12.5% i.e. ₹1.25 per Equity Share for FY ended 31 March 2026
3. Re-appointment of Mr. Dipan Mehta (DIN: 00115154) as Director retiring by rotation
4. Appointment of M/s. M. Parashar & Co., Chartered Accountants as statutory auditors in place of M/s. JMT & Associates, Chartered Accountants, and fixation of their remuneration
Special Business
5. Re-appointment of Mrs. Radhika Mehta (DIN: 00112269) as Whole Time Director
Q&A Session
The Chairman invited registered speaker shareholders to speak on proposed resolutions, with responses provided by the Chairman.
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