Financial Performance Summary

Standalone Performance (FY 2025-2026)

  • 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)
  • Tax Expense: ₹5.81 lakhs (including deferred tax of ₹1.31 lakhs)

Consolidated Performance (FY 2025-2026)

  • Total Revenue: ₹3643.66 lakhs (extracted from financial results table)
  • EBITDA: ₹145.27 lakhs (PY: ₹186.66 lakhs)
  • Profit Before Tax: ₹37.19 lakhs
  • Profit After Tax: ₹24.31 lakhs
  • Share of Profit transferred to Minority Interest: ₹1.58 lakhs
  • Profit After Tax carried to Balance Sheet: ₹22.73 lakhs (PY: ₹54.27 lakhs)

Key Financial Ratios

  • Debtors Turnover: 26.54 (PY: 24.91)
  • Interest Coverage Ratio: 3.00 (PY: 4.24)
  • Current Ratio: 4.16 (PY: 4.75)
  • Debt Equity Ratio: 0.09 (PY: 0.08)
  • Operating Profit Margin: 5.52% (PY: 8.41%)
  • Net Profit Margin: 0.75% (PY: 2.40%)

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
  • During the year, the company sub-divided/split its existing equity shares from face value ₹10 to ₹1 each
  • 95.74% shares held in dematerialized mode, 4.26% in physical mode

Convertible Warrants

  • 10,00,000 Convertible Warrants issued in FY 2024-2025
  • Each warrant of face value ₹10 to be converted into 10 equity shares of ₹1 each on receipt of full subscription amount
  • 25% of issue amount received, balance to be paid within 18 months from allotment date

Subsidiary Companies

1. Ajcon Finance Limited (Material subsidiary) - 79.33% holding

2. Ajcon Comtrade Private Limited (Wholly owned)

3. Kanchanmanik Securities Private Limited (Wholly owned)

Annual General Meeting Details

  • Date: Tuesday, July 21, 2026
  • Time: 11:30 AM IST
  • Mode: Video Conferencing/Other Audio Video Mode
  • Deemed Venue: Registered Office at 408, A-Wing, Express Zone, Goregaon (East), Mumbai - 400063

AGM Business

Ordinary Business

1. To adopt Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

2. To reappoint Mr. Ankit Ajmera (DIN: 00200434) who retires by rotation

Dividend & Reserves

  • No dividend recommended for FY 2025-2026
  • Entire profit retained under Retained Earnings (₹13.24 lakhs)
  • No amount transferred to General Reserves

Director Details

Board Composition

  • Mr. Ashok Ajmera: Chairman, Managing Director & CEO (DIN: 00812092)
  • Mrs. Beverly S N Avalani: Independent Director (DIN: 10555207)
  • Mr. Ankit Ajmera: Whole Time Director & CFO (DIN: 00200434)
  • CA Rahul Atal: Independent Director (DIN: 10550966)
  • Mr. Anuj Ajmera: Whole Time Director & CISO (DIN: 01838428)
  • CA Sangeeta Vijay Kumar: Independent Director (DIN: 10704866)

Director Remuneration (FY 2025-2026)

  • Mr. Ashok Ajmera: ₹36.28 lakhs
  • Mr. Ankit Ajmera: ₹35.01 lakhs
  • Mr. Anuj Ajmera: ₹35.01 lakhs
  • Total Directors' Remuneration: ₹106.32 lakhs
  • Sitting Fees to Independent Directors: ₹2.00 lakhs

Key Managerial Personnel

  • Mr. Ashok Ajmera: Managing Director & CEO
  • Mr. Ankit Ajmera: Whole Time Director & CFO
  • Mr. Anuj Ajmera: Whole Time Director
  • Mr. Kaushal Shukla: Company Secretary & Compliance Officer (Membership No.: A39234)

Auditor Fees (FY 2025-2026)

  • Audit Fees: ₹0.80 lakhs
  • Tax Audit Fees: ₹0.10 lakhs
  • Other Services (Certification): ₹0.20 lakhs
  • Total: ₹1.10 lakhs

Registrars & Transfer Agents

Bigshare Services Pvt. Ltd., Mumbai

Important Dates

  • Register of Members & Share Transfer Books Closure: July 15, 2026 to July 21, 2026 (both days inclusive)
  • Cut-off Date for E-voting: July 14, 2026
  • Remote E-voting Period: July 17, 2026 (9:00 AM) to July 20, 2026 (5:00 PM)

Corporate Governance

  • Paid-up capital: ₹6.12 crores (below ₹10 crore threshold)
  • Net worth: ₹20.69 crores (below ₹25 crore threshold)
  • Company exempt from certain corporate governance provisions under SEBI LODR Regulation 15(2)
  • Voluntarily complied with certain governance requirements

Operational Highlights

  • Primary business: Stock Broking, Corporate Advisory, Merchant Banking, Depository Participant Services
  • Business impacted by geopolitical situation and market volatility
  • Added institutional clients for secondary market operations
  • Tie-up with Bank of India for Online Share Trading through www.pyarapaisa.com platform

Risk Factors

  • Low capital base constraining expansion
  • Competition from discount brokerage firms
  • Market volatility affecting profitability
  • Regulatory challenges in financial services sector

Future Outlook

  • Expects better performance in FY 2026-2027
  • Anticipates increased activity in capital markets and corporate advisory
  • Conversion of convertible warrants to strengthen financial position
  • Continued focus on institutional broking and Bank of India tie-up