Ratnakar Securities Limited has issued notice for its 34th Annual General Meeting to be held on Tuesday, September 29, 2026 at 04:00 PM IST through Video Conference/Other Audio Visual Means.
The AGM will consider six resolutions:
Ordinary Business:
1. To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026 and reports of Board of Directors and Auditors
2. To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2026 and reports of Auditors
3. To appoint Mr. Kushal Ajay Shah (DIN: 01843141) as Director who retires by rotation and is eligible for reappointment
Special Business:
4. Approval and Adoption of New Set of Articles of Association - Special resolution to substitute existing Articles of Association with new set to align with SEBI Listing Regulations and other applicable laws
5. Increase in Investment Limits for NRIs and OCIs - Special resolution to increase aggregate investment limit from 10% to 24% of paid-up equity share capital, subject to RBI approvals. Also seeks ratification of allotment of Equity Shares and Preference shares to Non-Resident shareholders of Transferor Company pursuant to NCLT order dated September 22, 2022 and Scheme of Merger dated September 11, 2023
6. Revision of Remuneration for Mr. Kushal Shah, Whole Time Director - Ordinary resolution to increase monthly remuneration from ₹150,000 to ₹250,000 effective February 1, 2026, and to ₹275,000 effective April 1, 2026 for remaining term until November 9, 2027
7. Revision of Remuneration for Mr. Ajay Shah, Managing Director - Ordinary resolution to increase monthly remuneration from ₹250,000 to ₹275,000 effective April 1, 2026 for remaining term until November 9, 2027
Key Dates
- Record Date for AGM: September 22, 2026
- Register of Members closure: September 26-29, 2026 (both days inclusive)
- Remote e-voting period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- AGM Date: September 29, 2026 at 4:00 PM
Voting Instructions
- E-voting through NSDL platform for all resolutions
- Individual shareholders in demat mode can vote through their demat accounts
- Institutional shareholders must submit Board Resolution/Authority letter to scrutinizer
- Scrutinizer: Mr. Tapan Shah, Practicing Company Secretary (Membership No. F4476, COP No. 2839)
Director Profile
Mr. Kushal Ajay Shah (DIN: 01843141):
- Date of Birth: September 4, 1988
- Qualifications: Bachelor of Business Management, Diploma in Financial Market and Insurance
- Experience: 15+ years in stock broking, Mutual Funds Advisory and Wealth creation
- Current remuneration: ₹33,00,000 per annum (previously ₹20,00,000)
- Date of First Appointment: November 10, 2022
- Relationship: Son of Ajay Jayantilal Shah, Managing Director
Additional Information
- Annual Report for FY 2025-26 sent electronically to all members with registered email addresses
- Physical documents available for inspection at registered office: Shop-304, Sankalp Square-2, Nr. Delux Apartment, Nr. Kalgi Char Rasta, Jalaram Temple, Paldi, Ahmedabad-380006
- Registrar and Share Transfer Agent: Cameo Corporate Services Limited
- Company website: www.ratnakarsecurities.com