Amarnath Securities FY26 Net Loss ₹520.91 Lakh

Profit before Interest, Depreciation and Tax: (520.63) for FY 2025-26 vs 27.24 for FY 2024-25
Interest Expense: 0.28 for FY 2025-26 vs 38.93 for FY 2024-25
Profit/(Loss) Before Tax: (520.91) for FY 2025-26 vs 19.27 for FY 2024-25
Profit/(Loss) After Tax: (520.91) for FY 2025-26 vs 19.27 for FY 2024-25
Bad Debts on Loans/Advances Written off: ₹539.52 lakh
Loans Written Back (Other Income): ₹80.68 lakh
Employee Benefits Expenses: ₹41.07 lakh vs ₹2.70 lakh previous year
Finance Cost: ₹2.78 lakh vs ₹2.16 lakh previous year

Paid-up Equity Share Capital: ₹300.02 lakh (30,00,200 equity shares of ₹10 each)
Other Equity: (₹373.06) lakh (negative)
Cash and Cash Equivalents: ₹3.48 lakh vs ₹0.34 lakh previous year
Loans: ₹2.50 lakh vs ₹540.32 lakh previous year
Investments: ₹0.51 lakh (unchanged)
Borrowings: ₹68.10 lakh vs ₹85.35 lakh previous year
Trade Payables: ₹1.05 lakh vs ₹0.69 lakh previous year
Provision: ₹10.38 lakh vs ₹7.80 lakh previous year

Date: Wednesday, September 30, 2026
Time: 12:00 PM
Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Cut-off Date for E-voting: Wednesday, September 23, 2026
Book Closure: September 23, 2026 to September 29, 2026 (both days inclusive)

1. Adoption of financial statements for year ended March 31, 2026

2. Re-appointment of Mr. Chetan Balubhai Patel (DIN: 03556088) as Director retiring by rotation

3. Appointment of Mr. Anirudh Tanvar (ACS No. A23145) as Secretarial Auditor for 5 years (FY 2026-27 to 2030-31)

4. Approval for payment of managerial remuneration up to ₹5 crore per annum in case of inadequate/no profits

5. Authorization for borrowing powers beyond paid-up capital and free reserves

6. Approval for material related party transactions

7. Change in designation of Mrs. Kinnari Chetan Patel (DIN: 03566246) from Additional Director to Executive Whole-Time Director

Mr. Chetan Balubhai Patel (Whole-Time Director & CFO) - January 2, 2025
Mr. Sanjay Rajkumar Dua (Director) - January 17, 2025
Mrs. Kinnari Chetan Patel (Additional Director) - April 10, 2026
Ms. Prarthee Chetan Patel (CEO) - April 10, 2026
Mr. Nitin Walunj (Independent Director) - August 13, 2025
Ms. Vaishali Dhruvabal Mahadik (Independent Director) - August 13, 2025
Mr. Rajendrabhai Ramanbhai Patel (Executive Director) - December 2, 2025
Mr. Kaustubh Pramod Joshi (Non-Executive Independent Director) - December 2, 2025
Mr. Atul Kumar (Company Secretary & Compliance Officer) - August 1, 2026

Statutory Auditor: M/s H K Shah & Co., Chartered Accountants (appointed to fill casual vacancy after resignation of previous auditor)
Audit Fees: ₹2.61 thousand for FY 2025-26 vs ₹0.68 thousand previous year
Auditor's Report: Contains qualified opinion due to:

1. Lack of RBI compliance documentation

2. Absence of whole-time Company Secretary during the year

3. Inability to verify opening balances

Income Tax Dues: ₹2.83 crore undisputed demands (Previous year: ₹2.76 crore)
RBI Compliance: Auditor unable to verify compliance due to lack of documentation
Company Secretary: Position was vacant during parts of the year
Net Worth: Entire net worth eroded as per Note 11 of financial statements

Transactions with related parties including directors totaling ₹45.88 lakh approved by audit committee, primarily consisting of:

Board met 7 times during the year
Three statutory committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee
No dividend recommended due to losses
Company registered as NBFC with RBI

Promoter Holding: 0% (reduced from 3.17% previous year)
Public Holding: 100%
Dematerialized Shares: 98.59% (73.62% with CDSL, 24.98% with NSDL)
Physical Shares: 1.41%
Top Shareholders: Anand Mohan (13.33%), Somani Ventures and Innovations Limited (7.70%)

Company Website: https://www.amarnathsecurities.org/
Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi, Valsad, Gujarat - 396125
RTA: Bigshare Services Pvt Ltd, Mumbai