Key Financial Performance (FY 2025-26 vs FY 2024-25)

  • Total Income: ₹196.73 lakh (decreased from ₹236.77 lakh, -16.91%)
  • Total Expenditure: ₹63.25 lakh (decreased from ₹86.70 lakh)
  • Profit Before Tax: ₹133.47 lakh (decreased from ₹150.08 lakh)
  • Tax Expenses: ₹35.80 lakh (increased from ₹32.69 lakh)
  • Profit After Tax: ₹97.67 lakh (decreased from ₹117.39 lakh, -16.8%)
  • Earnings Per Share: ₹0.33 (decreased from ₹0.39)

Revenue Breakdown (FY 2025-26)

  • Interest Income: ₹85.02 lakh (₹84.05 lakh from margin deposits, ₹0.77 lakh from tax-free bonds, ₹0.21 lakh from loans)
  • F&O/Jobbing Profit: ₹67.74 lakh (decreased from ₹96.38 lakh)
  • Sale of Shares: ₹3.53 lakh (decreased from ₹19.80 lakh)
  • Rental Income: ₹29.69 lakh (increased from ₹28.97 lakh)
  • Other Income: ₹0.29 lakh (profit on sale of car)
  • Net Gain on Fair Value Change: ₹10.46 lakh

Annual General Meeting Details

  • 31st AGM Date: Monday, September 21, 2026 at 11:30 AM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: Monday, September 14, 2026
  • Book Closure: September 15, 2026 to September 21, 2026 (both days inclusive)

Agenda Items

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mrs. Vimmi Sachdev (DIN: 01712051) as Director retiring by rotation

Special Business

3. Increase in borrowing limits pursuant to Section 180(1)(c) of Companies Act, 2013 - Special Resolution to authorize borrowing up to ₹100 crore

4. Creation of charge/security pursuant to Section 180(1)(a) of Companies Act, 2013 - Special Resolution to authorize creation of charge/mortgage/pledge/hypothecation/security on company assets for securing borrowings up to ₹100 crore

Capital Structure

  • Authorized Share Capital: ₹8.00 crore (3.20 crore equity shares of ₹1 each + 48,000 preference shares of ₹100 each)
  • Paid-up Equity Share Capital: ₹3.00 crore (3.00 crore equity shares of ₹1 each)
  • No change in share capital during the year
  • No shares with differential rights issued
  • No employee stock options granted

Corporate Guarantee

  • The company has given corporate guarantee of ₹30 crore to Axis Bank Limited for securing credit facilities availed by Smart Equity Brokers Private Limited
  • The guarantee covers Intraday Limit (reduced from ₹20 crore to ₹15 crore) and Overdraft against Property (unchanged at ₹15 crore)

Board and Management Changes

  • Mr. Arun Khera was appointed as Managing Director for 5 years from August 29, 2025 to August 28, 2030
  • Mr. Rajinder Kumar Arora ceased to be Whole Time Director on October 7, 2025, and resigned as Executive Director on November 14, 2025
  • Ms. Shashi Sharma resigned as CFO on June 30, 2025
  • Mr. Jayant Kumar appointed as CFO effective July 1, 2025

Board Composition and Meetings

  • Total Directors: 5 (2 Non-Executive, 2 Independent, 1 Managing Director)
  • Board Meetings: 8 meetings held during FY 2025-26
  • Attendance: All directors attended majority of meetings (7-8 out of 8)

Key Committees

  • Audit Committee: Met 5 times, chaired by Mr. Vishesh Chaturvedi (Independent Director)
  • Nomination and Remuneration Committee: Met 2 times, chaired by Mr. Vishesh Chaturvedi
  • Stakeholders Relationship Committee: Met 2 times, chaired by Ms. Parul Pathak

Dividend and Reserves

  • No dividend recommended for FY 2025-26 to conserve resources
  • Transfer to Statutory Reserve: ₹26.69 lakh as required under RBI Act, 1934
  • Retained Earnings: ₹607.30 lakh (increased from ₹534.56 lakh)
  • Statutory Reserve: ₹279.84 lakh (increased from ₹253.14 lakh)
  • Capital Redemption Reserve: ₹480.00 lakh (unchanged)

Key Ratios and Changes

  • Current Ratio: 189.43 (improved from 145.02)
  • Debt Equity Ratio: Not Applicable (no debt)
  • Net Profit Margin: 0.50 (unchanged)
  • Return on Net Worth: 0.06 (decreased from 0.08)
  • Debtors Turnover Ratio: 3.183 (significantly increased from 0.065 due to F&O segment dues from broker)

Other Significant Disclosures

  • No material changes in the nature of business
  • No deposits accepted during the year
  • No subsidiary, associate or joint venture companies
  • No material related party transactions during the year
  • No significant orders passed by regulators/courts/tribunals
  • No frauds reported by auditors
  • Adequate internal financial controls in place and operating effectively
  • Whistle Blower Policy: No complaints received during the year
  • Corporate Social Responsibility: Not applicable to the company
  • Business Responsibility Report: Not applicable to the company

Remote E-Voting Details

  • E-Voting Period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • E-Voting Agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Pawan Kumar Sharma (FCS No. 4305, C.P. No.: 16222) of PK Mishra & Associates

Important Dates

  • Notice Date: August 28, 2026
  • AGM Date: September 21, 2026
  • Record Date: September 14, 2026
  • Book Closure: September 15-21, 2026
  • E-Voting Period: September 18-20, 2026