Almondz Global Securities Ltd released its annual report, detailing the company overview and comprehensive profiles of its Board of Directors.

The filing highlights the leadership structure, led by Managing Director Mr. Manoj Kumar Arora, who has served the firm since 1994. The report also outlines the roles of independent directors and key executives responsible for finance, legal affairs, and corporate governance.

Board Leadership

Almondz Global Securities is managed by a board comprising executive and independent directors with extensive experience in banking, infrastructure finance, and corporate law.

Mr. Manoj Kumar Arora, the Managing Director, holds a Commerce Graduate degree and an MBA. He joined the company in 1994, rising from Manager to Senior Vice President before assuming his current role. His responsibilities include strategic initiatives, regulatory compliance, and portfolio management.

Independent Directors

The board includes several non-executive independent directors with significant industry backgrounds:

• Mrs. Neelu Jain: Holds an MA in English. She serves on the Prevention of Sexual Harassment Committee and is associated with Jan Sikshan Sansthan.
• Mr. Rajkumar Khanna: A graduate in Management-Finance from FMS, Delhi University, and certified by Wharton School. He previously held senior positions at HUDCO, Syndicate Bank, and National Building Construction Corporation Limited.
• Mr. Surinder Singh Kohli: Former Chairman & Managing Director of India Infrastructure Finance Company Ltd (IIFCL), Punjab National Bank (PNB), and Punjab & Sind Bank. He also chaired PNB Housing Finance and SIDBI.

Key Executives

Operational and financial oversight is managed by:

• Mr. Ajay Pratap: Director-Legal & Corporate Affairs & Company Secretary. He is a Fellow Member of the Institute of Company Secretaries of India with approximately 20 years of experience in corporate governance.
• Mr. Rajeev Kumar: Director-Finance & Chief Financial Officer. A qualified Chartered Accountant with over two decades of experience in Indian and global markets.

Almondz Global Securities Limited approved a scheme to demerge its Infrastructure Advisory Business into Almondz Global Infra Consultant Limited. The board also fixed September 30, 2026, as the date for the annual general meeting.

The decision was taken at the board meeting held on August 24, 2026, under Regulation 30 of the SEBI Listing Regulations. The scheme requires approval from the National Company Law Tribunal and other statutory authorities.

Demerger Details

The Infrastructure Advisory Business generated turnover of ₹292.01 lakh in FY26, accounting for 4.58% of the listed entity’s total standalone turnover. The demerged undertaking includes all assets, liabilities, and operations related to consultancy and advisory services in the infrastructure segment.

Rationale and Benefits

The company stated that the infrastructure advisory business involves long gestation periods and distinct risk profiles compared to its stock broking operations. Separating the units aims to enable focused management, streamlined decision-making, and operational independence.

Key benefits cited include:

• Greater autonomy for the resulting company in capital raising and risk management
• Ability to attract investors with specific interest in infrastructure advisory
• Enhanced talent retention through specialized workforce management
• Improved transparency and corporate governance for stakeholders

Share Exchange Ratio

Shareholders of Almondz Global Securities will receive 666 equity shares of Almondz Global Infra Consultant Limited for every 10,000 equity shares held. The resulting company will seek listing on stock exchanges post-demerger.

Warrant holders will receive 666 convertible warrants of the resulting company (issue price ₹57.17) for every 10,000 outstanding warrants of the demerged company (existing issue price ₹16.58).

Shareholding Pattern

The promoter holding in Almondz Global Securities remains unchanged at 55.01%. The public shareholding stands at 44.99%.

In the resulting company, promoters will hold 68.49% post-scheme, while public shareholders will hold 31.51%.

The company has issued 80,00,000 unlisted convertible share warrants at ₹16.58 each, outstanding as on June 30, 2026. These are convertible into equity shares within 18 months.