Bridge Securities has received a disclosure from Harshad Amrutlal Panchal regarding the disposal of 8,10,463 equity shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated March 13, 2026, details significant share transactions that reduced Panchal's stake in the company.

Share Disposal Details

The disposal involved 8,10,463 equity shares, representing 2.08% of the company's total share capital. All transactions were executed through stock exchange, with Panchal's holding decreasing from 56,49,053 shares to 48,38,590 shares.

Transaction Timeline

The share disposal occurred in two distinct phases across different periods. The first phase took place in September 2025, while the second phase was executed in March 2026.

September 2025 Transactions

March 2026 Transactions

Company Share Capital Structure

Bridge Securities Limited's total equity share capital stands at 3,88,76,000 shares with a face value of Re. 1 each. The company had allotted 52,63,000 fully paid-up equity shares on October 10, 2025, pursuant to the conversion of warrants issued on a preferential basis. This allotment increased the total share count, which was considered in calculating the revised shareholding percentages.

Regulatory Compliance

Harshad Amrutlal Panchal, residing at C-4, Kavita Flet, Sarda Circle, Kalol, Gandhinagar, submitted the disclosure to both BSE Limited and Bridge Securities Limited as required under SEBI regulations. The disclosure confirms that Panchal does not belong to the promoter or promoter group of the company. Bridge Securities Limited is listed on BSE Limited with scrip code 530249.

Bridge Securities Limited has successfully obtained shareholder approval for changing the company name through a postal ballot process. The special resolution was approved with an overwhelming majority on March 7, 2026, marking a significant corporate milestone for the Ahmedabad-based securities company.

Postal Ballot Results

The postal ballot results demonstrate strong shareholder support for the proposed name change. The voting statistics reveal the extent of approval received from the shareholder community.

Voting Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, following MCA circulars that eliminated the need for physical postal ballot forms. The company utilized NSDL's remote e-voting platform to facilitate shareholder participation.

Scrutinizer Report and Compliance

Jitendra Parmar, Practising Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all regulatory requirements under the Companies Act, 2013 and SEBI LODR Regulations, 2015 were properly fulfilled.

Key compliance aspects included:

• Proper dispatch of postal ballot notice through email to registered shareholders
• Publication of newspaper advertisements in Financial Express (English and Gujarati) on February 7, 2026
• Maintenance of transparent voting process through NSDL platform
• Fulfillment of all conditions under Section 114(2) of the Companies Act, 2013

Shareholder Participation Analysis

The voting pattern showed participation exclusively from public non-institutional shareholders, with no participation from promoter group or institutional investors. Among the participating shareholders, 32 members voted in favour while only 2 members voted against the resolution.

The company's registered office is located at 4th Floor B/408, Stellar, Sindhu Bhavan Road Nr Pakwan Cross Road, Bodakdev, Ahmedabad, Gujarat. The resolution approval enables Bridge Securities Limited to proceed with the formal name change process as per regulatory requirements.