Almondz Global Securities declares voting results for 32nd AGM
- All 11 resolutions at Almondz Global Securities' 32nd AGM passed with requisite majority
- Voting results cover FY26 financials, director pay revisions, and six related party transactions
- Promoter group abstained from voting on related party resolutions due to conflict of interest
*this image is generated using AI for illustrative purposes only.
Almondz Global Securities Limited declared the voting results for its 32nd Annual General Meeting held on September 30, 2026. All 11 resolutions proposed by the Board were approved by shareholders with the requisite majority.
The meeting, conducted via video conferencing, was chaired by Rajkumar Khanna, Independent Director. The statutory auditors, Mohan Gupta & Co., and the scrutinizer, Ashu Gupta & Co., participated electronically. The company utilized the e-voting services of Central Depository Services (India) Limited for the voting process. A total of 15,926 shareholders were on record as of September 23, 2026.
Key resolutions passed
Members approved ordinary resolutions for the adoption of audited financial statements for FY26 and the re-appointment of Ajay Pratap as a director retiring by rotation. Special resolutions were passed to revise the remuneration of Managing Director Manoj Kumar Arora, Whole-time Director Ajay Pratap, and Whole-time Director Rajeev Kumar.
Additionally, shareholders approved material related party transactions with multiple entities associated with the group:
| Related Party | Transaction Type | Outcome |
|---|---|---|
| Avonmore Capital & Management Services Limited | Material related party transaction | Passed |
| Almondz Finanz Limited | Material related party transaction | Passed |
| Anemone Holdings Private Limited | Material related party transaction | Passed |
| Almondz Global Infra Consultant Limited | Material related party transaction | Passed |
| Premier Green Innovations Private Limited | Material related party transaction | Passed |
| Innovative Money Matters Private Limited | Material related party transaction | Passed |
Voting participation details
The scrutinizer's report indicated that 128 members attended the AGM through video conferencing, while 213 members cast votes through remote e-voting prior to the meeting. Three additional members voted during the live session. For non-related party resolutions, promoter group voting rights were exercised, whereas they abstained from voting on related party transactions due to their interest in those matters.
Meeting details and compliance
The AGM was held in compliance with SEBI Listing Regulations and MCA circulars permitting virtual meetings. Navjeet Singh Solti, Promoter and Senior Executive Director, addressed members regarding the company's journey and broader outlook. The e-voting facility remained open for 15 minutes post-meeting for attendees who had not voted remotely between September 27 and September 29.
Historical Stock Returns for Almondz Global Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.97% | -11.50% | -3.42% | +8.81% | +2.66% | -24.53% |
How will the revised remuneration for key directors impact Almondz Global Securities' operating margins in the upcoming fiscal year?
What specific synergies or revenue streams are expected from the approved material related party transactions with group entities like Avonmore Capital and Almondz Finanz?
Will the increased transparency in related party dealings alleviate concerns among minority shareholders regarding potential conflicts of interest?
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