Company Overview

B.N. Rathi Securities Limited (Scrip Code: 523019) filed its Annual Report for FY 2025-26 and notice of 40th Annual General Meeting scheduled for August 14, 2026. The document contains comprehensive financial results, corporate governance disclosures, and special resolutions requiring shareholder approval.

Financial Performance

Consolidated Results (FY 2025-26):

  • Revenue from Operations: ₹544.02 crore (Previous Year: ₹478.23 crore)
  • Profit Before Tax: ₹134.94 crore (Previous Year: ₹126.62 crore)
  • Net Profit: ₹94.36 crore (Previous Year: ₹94.64 crore)
  • Basic EPS: ₹2.27 (Previous Year: ₹2.30)

Standalone Results (FY 2025-26):

  • Revenue from Operations: ₹53.81 crore (Previous Year: ₹47.61 crore)
  • Other Income: ₹8.89 crore (Previous Year: ₹10.29 crore)
  • Profit After Tax: ₹10.22 crore (Previous Year: ₹9.68 crore)
  • Total Comprehensive Income: ₹10.35 crore (Previous Year: ₹8.98 crore)

The Board recommended a dividend of 10% i.e., ₹0.50 per equity share of face value ₹5, with total dividend outgo of ₹2.09 crore. Record date is set for August 7, 2026, with payment on or before September 13, 2026.

AGM Details and Resolutions

40th Annual General Meeting:

  • Date: August 14, 2026 at 11:30 AM
  • Venue: FTCCI Surana Hall, Federation House, Red Hills, Hyderabad-500004
  • Record Date: August 7, 2026 for dividend purpose
  • Book Closure: August 8-14, 2026 (both days inclusive)

Ordinary Business: Adoption of financial statements, dividend declaration, and re-appointment of Mr. Harishchandra Prasad Kanuri who retires by rotation.

Special Business: Two special resolutions seek shareholder approval for continuation of directors beyond age 75 years as required by SEBI LODR Regulation 17(1A):

  • Mr. Harishchandra Prasad Kanuri (Non-Executive Non-Independent Director) who will attain 75 years on September 15, 2027
  • Mr. Lakshminarayana Bolisetty (Non-Executive Independent Director) who will attain 75 years on June 6, 2027

Capital Structure and ESOPs

  • Authorized Capital: ₹25.00 crore (5.00 crore shares of ₹5 each)
  • Paid-up Capital: ₹20.88 crore (4.18 crore shares of ₹5 each)
  • ESOP Allotment: 2,50,000 equity shares allotted during FY26 under BNRSL-ESOP Scheme 2022
  • Outstanding Options: 5,00,000 options as of March 31, 2026 with weighted average exercise price of ₹10.00 per share

Subsidiary Performance

B N Rathi Comtrade Private Limited (100% subsidiary):

  • Revenue: ₹22.39 lakh (Previous Year: ₹9.93 lakh)
  • Net Loss: ₹78.64 lakh (Previous Year: Loss of ₹21.50 lakh)
  • Significant decline in investment values contributing to losses

B-fly Asset Manager LLP:

  • Income: ₹39.37 lakh
  • Loss: ₹2.92 lakh

Investment Portfolio

Current Investments (Quoted): ₹281.90 crore (Previous Year: ₹353.12 crore)

Major holdings include R*Shares Liquid Bees (₹100.00 crore), Deccan Cements Limited (₹70.90 crore), SMS Pharmaceuticals Limited (₹52.48 crore), and Narmada Agrobase Limited (₹22.72 crore).

Non-Current Investments: ₹525.47 crore (Previous Year: ₹542.94 crore) including B-Fly India Opportunities Fund (₹383.10 crore) and Propspace Square Private Limited debentures (₹20.00 crore).

Corporate Governance and Leadership

Board Composition:

  • Mr. Laxminiwas Sharma - Chairman (Non-Executive, Non-Independent)
  • Mr. Hari Narayan Rathi - Managing Director
  • Mr. Chetan Rathi - Executive Director & CFO
  • Mr. Harishchandra Prasad Kanuri - Non-Executive, Non-Independent Director
  • Mr. Lakshminarayana Bolisetty - Non-Executive Independent Director
  • Mrs. Dhanalakshmi Guntaka - Non-Executive Independent Director

Promoter Holding (as on March 31, 2026): 46.76% with Hari Narayan Rathi holding 28.02%, Chanda Devi Rathi 6.43%, and Nisha Rathi 12.17%. Dematerialized holding stood at 99.56%.