CIL Securities shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, during the company's 37th Annual General Meeting held on September 30, 2026. The meeting was conducted virtually via video conferencing to ensure compliance with regulatory guidelines.

The proceedings commenced at 11:00 am and concluded at 11:25 am from the registered office in Hyderabad, which served as the deemed venue. Twenty-six members attended the meeting virtually or through authorized representatives. The Chairman, Om Prakash Jagetiya, chaired the session, noting that the requisite quorum was present before calling the meeting to order.

Resolutions Passed and Voting Results

Shareholders considered and adopted several ordinary and special business items set out in the notice dated August 10, 2026. The audited financial statements, along with the Board's Report and Auditors' Report, were taken as read after being emailed to members. The voting results indicate strong shareholder support for all resolutions, with promoter group votes casting the majority of the polled shares.

The meeting also addressed the continuation of Santosh Kumar Rathi as an Independent Director upon attaining the age of 75 years, a matter requiring special resolution approval. The Scrutinizer's report confirmed that no votes were cast against the adoption of financial statements by the promoter group, while public shareholders recorded minimal dissent.

Governance and Attendance

Key managerial personnel and directors participated in the virtual forum. Krishna Kumar Maheshwari, Managing Director, signed off on the compliance report submitted to BSE Limited. The following individuals were present through video conferencing:

• Krishna Kumar Maheshwari: Managing Director
• Om Prakash Jagetiya: Chairman and Independent Director
• Santosh Kumar Rathi: Independent Director
• Piyush Modi: Non-Executive Director
• Pramila Maheshwari: Non-Executive Director
• Anjali Sahal: Company Secretary and Compliance Officer
• Vinod Kumar Sabavath: Chief Financial Officer

Statutory Auditor Ramkishore Jhawar, Secretarial Auditor Govind Toshniwal, Internal Auditor Miriyala Niranjan, and Scrutinizer Thomas Joseph Lloyd also attended as invitees.

Voting Mechanics and Compliance

Members utilized the remote e-voting facility provided by the company to cast their votes on all resolutions. Those present who had not voted electronically were given an opportunity to vote during the meeting. In accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the voting results and the Consolidated Scrutinizer's Report were submitted to the exchange within the stipulated timeframe.

The total number of shareholders on the record date was 2,753. Of these, 5 promoters and 23 public shareholders attended via video conferencing. The total shares polled across all resolutions stood at 38,75,388, representing 77.51% of the total outstanding shares.

The meeting concluded with a vote of thanks by the Company Secretary. The document explicitly notes that these are summaries of proceedings and not the official minutes of the Annual General Meeting.

CIL Securities reported a 19% decline in net profit for the financial year ended March 31, 2026 (FY26), citing volatile market conditions and reduced trading volumes. The company has scheduled its 37th Annual General Meeting (AGM) for September 30, 2026.

Financial Performance

Revenue from operations fell 14.93% to ₹836.10 lakh in FY26, compared to ₹982.84 lakh in the previous year. Profit before tax dropped to ₹223.08 lakh from ₹275.88 lakh. Net profit after tax stood at ₹166.88 lakh, down from ₹206.10 lakh in FY25.

The decline was primarily attributed to global economic uncertainty, foreign fund outflows, and geopolitical tensions that impacted investor sentiment and trading activity. Despite the revenue dip, the company maintained an EBIT margin of 27.06% and a net profit margin of 19.96% through disciplined cost management.

Segment-Wise Performance

Securities dealing and broking remained the core revenue driver, contributing ₹668.42 lakh, down from ₹879.86 lakh in FY25. Conversely, the Registrar & Share Transfer Agent segment saw significant growth, with income rising to ₹126.55 lakh from ₹59.62 lakh. Merchant banking fees declined sharply to ₹0.90 lakh from ₹10.35 lakh.

AGM and Governance

The 37th AGM will be held via Video Conferencing on September 30, 2026, at 11:00 am. Shareholders will vote on the reappointment of Mr. Piyush Modi as a Director retiring by rotation. Additionally, a Special Resolution seeks approval for the continuation of Mr. Santosh Kumar Rathi as an Independent Director upon attaining the age of 75.

Remote e-voting is facilitated by Central Depository Services (India) Limited (CDSL). The voting period runs from September 27, 2026, at 10:00 am to September 29, 2026, at 5:00 pm. Shareholders holding shares as on the record date of September 23, 2026, are eligible to vote. The Ministry of Corporate Affairs permits holding AGMs through VC/OAVM without physical presence.

Members can access the Notice and Annual Report via the company website or CDSL portal. Those wishing to speak during the meeting must register as speakers by sending a request to secretary@cilsecurities.com between September 27, 2026, at 10:00 am and September 29, 2026, at 5:00 pm.

Balance Sheet Highlights

Total assets decreased to ₹4,787.64 lakh from ₹5,401.66 lakh. Current assets stood at ₹4,573.37 lakh, supported by cash and cash equivalents of ₹891.16 lakh. The company operates without significant debt exposure, maintaining a debt-equity ratio of nil. Unclaimed dividends and equity shares from the year ended March 31, 2019, will be transferred to the Investor Education and Protection Fund (IEPF).

Regulatory Compliance

Shareholders holding physical securities are mandated to update their KYC details, including PAN, contact information, bank account details, and specimen signatures, with the Registrar and Share Transfer Agent. Effective from April 1, 2024, service requests such as transmission and dividend payments will only be processed after KYC updation. Failure to update details may result in withheld dividends.

What the Numbers Show

While core brokerage revenues contracted due to market volatility, the Registrar & Share Transfer Agent segment more than doubled its contribution, highlighting a diversification in revenue streams. However, this growth was insufficient to offset the broader decline in securities dealing income, resulting in an overall contraction in profitability.