Meeting Details

The 33rd Annual General Meeting was held on Monday, September 28, 2026, from 11:00 A.M. to 11:24 A.M. IST. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) with the deemed venue being the company's registered office at The Ruby, 9th Floor, Senapati Bapat Marg Road, Dadar West, Mumbai - 400 028.

Attendance and Quorum

A total of 23 members attended the meeting through VC/OAVM. The meeting had requisite quorum present.

Board of Directors Present:

  • Mr. Vineet Suchanti (Founder, Managing Director, CFO, Member of Audit Committee and Stakeholder Relationship Committee) - Mumbai
  • Mr. Rakesh Choudhari (Non-Executive and Non-Independent Director) - Mumbai
  • Mrs. Rinku Suchanti (Whole Time Director and Member of Stakeholder Relationship Committee) - Mumbai
  • Mr. Ravindranath Cheerakuzhi Puthan Menon (Independent Director and Chairman of Nomination and Remuneration Committee and Stakeholder Relationship Committee) - Mumbai
  • Mr. Pankaj Joshi (Independent Director and Member of Audit Committee and Nomination and Remuneration Committee) - Mumbai

Key Managerial Personnel in Attendance:

  • Simran P. Kashela (Company Secretary and Compliance Officer) - Mumbai

Other Representatives:

  • Mr. Sudarshan Jha (Partner of SMSR & Co. LLP - Statutory Auditor) - Joined through VC
  • Mr. Mukesh Saraswat (Partner of M. K. Saraswat and Associates LLP - Secretarial Auditor & Scrutinizer) - Joined through VC
  • Mr. Kunal Beswal (Partner of VK Beswal & Associates - Incoming Statutory Auditor) - Joined through VC

Mr. Riaz Thingna, Independent Director and Chairman of the Audit Committee, was unable to attend due to urgent commitments.

Proposed Resolutions and Implications

The following nine resolutions were proposed and approved:

Ordinary Business:

1. Adoption of Standalone & Consolidated Audited Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors - Ordinary Resolution

2. Declaration of dividend for FY ended March 31, 2026 - Ordinary Resolution

3. Appointment of director in place of Mr. Vineet Suchanti (DIN: 00004031) who retires by rotation - Ordinary Resolution

4. Appointment of M/s. V K Beswal and Associates, Chartered Accountants (Firm Registration No. 101083W) as Statutory Auditors - Ordinary Resolution

Special Business:

5. Reappointment of Mrs. Rinku Suchanti (DIN: 000012903) as Whole Time Director - Special Resolution

6. Approval of Material Related Party Transactions with Keynote Fincorp Limited - Ordinary Resolution

7. Approval of Material Related Party Transactions between the Subsidiaries of the Company - Ordinary Resolution

8. Approval of Material Related Party Transactions between Subsidiaries and entity having common related parties - Ordinary Resolution

9. Approval of investments, grant of loans, giving guarantees/providing securities under section 186 of Companies Act, 2013 - Special Resolution

Voting Process and Methods

The company provided facility for voting through:

  • Remote e-voting through National Securities Depository Limited (NSDL)
  • E-voting during the AGM

Remote e-voting commenced on Friday, September 25, 2026 (10:00 A.M. IST) and ended on Sunday, September 27, 2026 (5:00 P.M. IST).

Scrutinizer Appointment and Role

The Board appointed M. K. Saraswat and Associates LLP (formerly known as M. K. Saraswat and Associates), Practising Company Secretary, as Scrutinizer to scrutinize the process of remote e-voting and e-voting during the AGM in a fair and transparent manner.

Compliance with Laws and Regulations

The meeting was conducted in accordance with:

  • Relevant circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)
  • Applicable provisions of Companies Act, 2013 and rules made thereunder
  • SEBI Listing Regulations

All documents referred to in the Notice of AGM and explanatory statement were available for inspection by members till conclusion of the AGM.

Additional Information

The Chairman apprised members on the financial performance of the company, highlighting key achievements and challenges during the year. He briefed members on the company's performance as a Merchant Banking entity, including its role in capital market activities, fund-raising mandates, and advisory services.

Mr. Vineet Suchanti was deemed interested in Business Items 3, 5, 6, 7, 8 & 9, and accordingly, Mr. Rakesh Choudhari chaired the meeting during consideration of these items.

The meeting included a question and answer session where registered Speaker Members asked questions and expressed views, which were addressed by the Chairman.