Amarnath Securities Limited has issued a comprehensive postal ballot notice seeking shareholders' approval for multiple corporate governance and financial restructuring initiatives. The notice, dated March 25, 2026, outlines four significant resolutions that require member approval through remote e-voting.

Director Appointments and Designation Changes

The company proposes two key leadership changes to strengthen its board composition. The first resolution seeks approval for changing Mr. Rajendrabhai Ramanbhai Patel's designation from Additional Director to Executive Whole-Time Director for a five-year term effective December 02, 2025.

Mr. Patel brings extensive entrepreneurial experience as a proprietor of an automobile business, with strong expertise in business operations, customer service, and agricultural practices. His background includes guiding local farmers on crop planning and productivity improvement, reflecting his commitment to community-driven growth.

The second resolution involves changing Mr. Kaustubh Pramod Joshi's designation from Additional Director to Non-Executive Independent Director for a five-year term until December 01, 2030.

Mr. Joshi is an experienced legal and corporate professional with over a decade of exposure across banking, education, and corporate advisory domains. His career includes associations with reputed organizations such as HDFC Bank, Amul, and Rustomjee Academy.

Statutory Auditor Appointment

The third resolution proposes appointing M/s. H K Shah & Co., Chartered Accountants (Firm Registration No. 109583W) as statutory auditors for a five-year period from FY 2025-26 to FY 2029-30. The audit firm, originally started in 1981, has extensive experience with various industries listed on BSE and NSE, including national and state-level government PSUs and corporations.

Loan Conversion into Equity

The most significant financial resolution involves converting outstanding loans into equity shares to strengthen the company's capital structure and improve its debt-equity ratio.

The conversion involves 13 non-promoter group allottees, with the largest allocation going to Shakti Parekh (65,000 shares) and several others receiving 50,000 shares each, including Munish A. T, Pritam Dham, and Gunjan Singh. Post-allotment, these investors will collectively hold 9.53% of the company's equity.

Voting Process and Timeline

The remote e-voting process will be conducted exclusively through electronic means, with no physical postal ballot forms being distributed. Bigshare Services Private Limited has been appointed as the e-voting service provider.

Mr. Shravan Gupta, a practicing Company Secretary, has been appointed as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The results will be announced within 48 hours of receiving the scrutinizer's report and will be made available on the company's website and communicated to BSE Limited.

Shareholders whose email addresses are registered with the company, RTA, or depositories as of the cut-off date will receive the postal ballot notice electronically. The company has emphasized its commitment to the 'Green Initiative' by conducting the entire process digitally.

Amarnath Securities Limited's board of directors concluded their meeting on March 11, 2026, approving significant corporate restructuring measures including loan conversion to equity and postal ballot proposals. The meeting, which commenced at 2:30 PM and concluded at 4:30 PM, addressed multiple agenda items requiring shareholder approval and regulatory compliance under SEBI regulations.

Loan Conversion Approval

The board approved the conversion of unsecured loans totaling ₹47,43,000 into equity shares, subject to shareholder approval through special resolution via postal ballot.

Allottee Distribution

The preferential issue will benefit 13 investors from the non-promoter group, with varying shareholding percentages post-allotment.

Postal Ballot Matters

The board approved the postal ballot notice seeking member approval for multiple corporate actions with March 20, 2026, set as the cut-off date for shareholder determination and e-voting eligibility.

Key Proposals

• Auditor Appointment: M/s. H K Shah & Co., Chartered Accountants as statutory auditors for five years (FY 2025-26 to FY 2029-30)
• Director Designations: Change of Mr. Rajendrabhai Ramanbhai Patel (DIN: 08981646) from Additional Director to Whole-time Director (Executive)
• Independent Director: Change of Mr. Kaustubh Pramod Joshi (DIN: 08467458) from Additional Director to Independent Director (Non-Executive)

Regulatory Framework

The preferential issue complies with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Companies Act, 2013. Mr. Shravan Gupta, Practicing Company Secretary, has been appointed as scrutinizer for the postal ballot process through e-voting to ensure fair and transparent proceedings.

The company has made all relevant information available on its website and BSE platform for stakeholder access, maintaining compliance with listing obligations and disclosure requirements.