Event Details

Summit Securities Limited held its Twenty-Ninth Annual General Meeting (AGM) on Thursday, July 30, 2026 at 03:00 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was chaired by Mr. Ramesh D Chandak, Chairman of the Company. Total 67 members attended the meeting through VC/OAVM facility provided through WebEx and Webcast Facility of National Securities Depository Limited (NSDL).

Meeting Proceedings

The meeting commenced at 03:00 p.m. and concluded at 03:41 p.m. IST. Other directors present included Mr. Sunil Kamalakar Tamhane (Chairman of Audit Committee), Mr. Hari Narain Singh Rajpoot (Chairman of Stakeholders Relationship Committee), and Mr. Rohin Bomanji (Chairman of Nomination and Remuneration Committee). Representatives from statutory auditors M/s DMKH & Co., Chartered Accountants and secretarial auditors M/s. Parikh Parekh & Associates also attended.

The Chairman highlighted the financial performance for FY 2025-26 and business prospects for the current fiscal year. The Company Secretary informed about the remote e-voting facility available from July 27, 2026 to July 29, 2026, and e-voting during the AGM for members who hadn't voted remotely.

Resolutions and Voting Results

Four resolutions were put to vote, all passed with requisite majority:

Resolution 1: Ordinary Resolution

Adoption of Audited Financial Statements (including Consolidated Financial Statements) for FY ended March 31, 2026, together with Reports of Auditors and Board of Directors.

  • Total votes polled: 82,48,414 shares (100% in favor)
  • 0 votes against (0.00%)
  • No invalid votes

Resolution 2: Ordinary Resolution

Re-appointment of Mr. Hari Narain Singh Rajpoot (DIN: 00080836) as Non-Independent, Non-Executive Director who retires by rotation.

  • Total votes polled: 82,48,415 shares
  • Votes in favor: 82,41,787 shares (99.9196%)
  • Votes against: 6,628 shares (0.0804%)
  • No invalid votes

Resolution 3: Special Resolution

Appointment of Mr. Pradeep Shashikant Pathare (DIN: 01449746) as Non-Executive Independent Director for five consecutive years from May 12, 2026 to May 11, 2031.

  • Total votes polled: 82,48,415 shares
  • Votes in favor: 82,41,030 shares (99.9105%)
  • Votes against: 7,385 shares (0.0895%)
  • No invalid votes

Resolution 4: Special Resolution

Re-appointment of Ms. Shweta Ratnakar Musale (DIN: 03280429) as Non-Executive Independent Director for second term of five consecutive years from November 10, 2026 to November 09, 2031.

  • Total votes polled: 82,48,415 shares
  • Votes in favor: 82,41,842 shares (99.9203%)
  • Votes against: 6,573 shares (0.0797%)
  • No invalid votes

Shareholding and Voting Statistics

  • Record date: July 23, 2026
  • Total shareholders on record date: 54,878
  • Total outstanding shares: 1,09,01,781
  • Total votes polled across all resolutions: 82,48,415 shares (75.6612% of outstanding shares)
  • Promoter & Promoter Group holding: 81,37,866 shares (voted 99.9894% in favor across resolutions)
  • Public Institutions holding: 52,185 shares (voted 7.2875% participation)
  • Public Non-Institutions holding: 27,11,730 shares (voted 3.9683% participation)

Director Appointments Details

Mr. Pradeep Shashikant Pathare

  • Appointment as Non-Executive Independent Director
  • Term: May 12, 2026 to May 11, 2031 (5 years)
  • Profile: Strategic IT Leader with 37+ years experience, including 15+ years as Head of IT specializing in digital transformations, SAP ecosystems, IT Governance, Enterprise Risk Management, and Cybersecurity Controls
  • Not debarred from directorship by SEBI or any authority
  • No relationships with other directors

Ms. Shweta Ratnakar Musale

  • Re-appointment as Non-Executive Independent Director for second term
  • Term: November 10, 2026 to November 09, 2031 (5 years)
  • Profile: Corporate Governance and Compliance professional with over 13 years experience advising multinational corporations across real estate, financial services, and technology sectors. Holds B.Com. and LL.B. from University of Mumbai, Associate Member of ICSI and Chartered Secretaries Institute of Singapore
  • Not debarred from directorship by SEBI or any authority
  • No relationships with other directors

Scrutinizer Details

  • Name: Mitesh Dhabliwala
  • Firm: Parikh Parekh & Associates
  • Qualification: Company Secretary
  • Membership Number: 8331
  • Appointment date: April 29, 2026
  • Report issuance date: July 30, 2026

The information has been uploaded on the company website (www.summitsecurities.net) and NSDL website (www.evoting.nsdl.com).