Almondz Global Securities Limited has received in-principle approval from both BSE Limited and the National Stock Exchange of India Limited for a proposed preferential issue of equity shares to its promoters. The approvals, granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were communicated through BSE letter bearing No. LOD/PREF/SS/FIP/459/2026-27 dated July 23, 2026, and NSE letter bearing Ref: NSE/LIST/54555 dated July 23, 2026. The company's Director Legal & Corporate Affairs & Company Secretary, Ajay Pratap, filed the intimation with both exchanges on July 24, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Key Details of the Proposed Preferential Issue

The proposed preferential allotment involves the conversion of an unsecured loan into equity shares. The following table summarises the key parameters of the issue:

Regulatory Conditions and Compliance Requirements

Both BSE and NSE have stipulated that the in-principle approval does not constitute approval for the listing of the aforesaid securities. The company is required to separately comply with listing formalities upon allotment. The exchanges have outlined several conditions that Almondz Global Securities must fulfil, including:

• Filing the listing application at the earliest from the date of allotment, and within twenty days from the date of allotment as per Schedule XIX – Para (2) of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.
• Receipt of all statutory and other approvals, including compliance with guidelines and regulations issued by SEBI, RBI, MCA, and other statutory authorities.
• Compliance with the Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, the Securities and Exchange Board of India Act, 1992, the Depositories Act, 1996, Chapter V of SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015.
• Submission of all documents as required by the exchanges and payment of applicable fees.

Internal Controls and Allottee Undertakings

Both exchanges have advised the company to strengthen internal controls to monitor trades executed by the proposed allottees in the scrip prior to allotment. Specifically, the company has been directed to:

• Obtain an undertaking from the allottee(s) confirming that they shall not engage in intra-day trading or any sale in the scrip of the company until the allotment date of the security, as required under SEBI (ICDR) Regulations.
• Ensure that the responsibility and onus of verifying the above undertaking and ensuring compliance with applicable provisions, including Regulation 167(6) of SEBI ICDR Regulations, 2018, rests solely with the issuer company.
• Note that any non-compliances observed by the exchanges post the undertaking and verification by the issuer company may impact the listing of such shares.

The exchanges have also reserved the right to withdraw the in-principle approval at any stage if the information submitted is found to be incomplete, incorrect, misleading, or false, or if it contravenes any applicable rules, bye-laws, or regulations.

Almondz Global Securities Ltd has secured shareholder approval for the appointment of key personnel to its Board through a postal ballot process concluded on July 7, 2026. The resolutions to appoint Mrs. Neelu Jain as an Independent Director and Mr. Rajeev Kumar as a Director and Whole-Time Director were passed with a 99.83% majority. This governance move strengthens the company's leadership structure as it moves forward with its strategic objectives.

The e-voting process, conducted in accordance with Regulation 30 and 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced on June 8, 2026. Ms. Ashu Gupta, a Practising Company Secretary, was appointed as the Scrutinizer to oversee the fairness and transparency of the voting process. The results were declared on July 8, 2026, confirming the approval of all three proposed resolutions.

Voting Results Summary

The postal ballot saw participation from 155 members, with a total of 95,335,116 valid votes polled. The detailed breakdown of the voting results across the three resolutions is presented below:

Key Appointments Approved

The shareholders approved the appointment of Mrs. Neelu Jain (DIN: 00227058) as an Independent Director. Additionally, Mr. Rajeev Kumar (DIN: 00270046) was appointed as a Director on the Board, retirable by rotation, and as a Whole-Time Director designated as Director-Finance & CFO. These appointments were passed via special resolutions, indicating the significance of these roles in the company's governance framework.

The Scrutinizer's report confirmed that the remote e-voting was conducted fairly, with Central Depository Services (India) Limited (CDSL) acting as the authorized agency. A total of 105 invalid votes were recorded for the resolutions concerning Mr. Rajeev Kumar, primarily from the Public-Non Institutions category. The company has now finalized these leadership changes following the requisite regulatory approvals.