Asit C Mehta Financial Services Limited has scheduled its 42nd Annual General Meeting for September 24, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means in compliance with Companies Act provisions and SEBI regulations.

The company issued the notice on August 7, 2026, to transact business items including the adoption of financial statements for FY26. Shareholders can access the notice and annual report via email or the company website.

E-Voting Details

Shareholders eligible as of the cutoff date of September 17, 2026, can vote electronically. The remote e-voting facility is managed by National Securities Depository Limited.

Members who vote remotely can attend the meeting but cannot vote again. Votes cast cannot be changed subsequently.

Meeting Logistics

The meeting commences at 2:00 pm IST on September 24, 2026. Participants joining via VC/OAVM count towards the quorum under Section 103 of the Companies Act, 2013.

Shareholders without registered email IDs will receive a letter with web links to access the annual report. Hard copies can be requested by emailing investorgrievance@acmfsl.co.in .

Asit C Mehta Financial Services reported a consolidated net loss of ₹160.11 million for the financial year ended March 31, 2026 (FY26), an improvement from the ₹276.30 million loss recorded in FY25. The company convened its 42nd Annual General Meeting (AGM) on September 24, 2026, to adopt these audited financial statements.

The holding company’s standalone operations also showed a reduction in losses, reporting a net loss of ₹265.41 million for FY26 compared to ₹281.72 million in the previous year. Consolidated revenue from operations declined to ₹6,123.00 million from ₹7,264.08 million in FY25, driven by fluctuations in its stock broking and allied services segment.

Financial Performance

The group's total income fell to ₹6,588.94 million from ₹7,786.24 million year-over-year. While revenue from operations contracted, other income remained relatively stable at ₹465.94 million, down slightly from ₹522.16 million in FY25. Total expenses decreased significantly to ₹5,544.83 million from ₹6,837.08 million, contributing to the narrower loss before tax of ₹152.12 million versus ₹274.32 million previously.

On a standalone basis, the parent company generated total income of ₹803.07 million, up from ₹667.56 million. Revenue from operations rose to ₹482.50 million from ₹416.05 million, primarily driven by rental income from investment properties leased to group companies.

What the Numbers Show

Despite the decline in top-line revenue, the group achieved a significant reduction in overall expenses, which fell by nearly ₹1,292 million year-over-year. This cost discipline was the primary driver behind the 42% improvement in net loss, even as finance costs remained elevated at ₹953.20 million. The divergence between standalone growth and consolidated contraction highlights the varying performance across the group's subsidiaries, with the material subsidiary, Asit C. Mehta Investment Intermediates Limited (ACMILL), facing headwinds in its broking business.

Corporate Actions and Governance

The Board did not recommend any dividend for FY26, citing the losses incurred and the need to conserve resources. Ms. Madhu Lunawat, a Non-Executive Director, retires by rotation at the AGM but has offered herself for re-appointment. The meeting also sought approval for material related-party transactions with the holding company, Cliqtrade Stock Brokers Private Limited, and subsidiary Pantomath Finance Private Limited, with aggregate values capped at ₹55.50 crore and ₹50.00 crore, respectively.

The company approved the sale of ACMILL’s Mutual Fund Distribution Business to Wealth Company Private Limited in May 2026, a subsequent event aimed at sharpening strategic focus on core operations. Additionally, Edgytal Fintech Investment Services Private Limited entered into a Memorandum of Understanding for the potential sale of certain software platforms.