Dalal Street Investments Limited concluded its 49th Annual General Meeting on September 22, 2026, via video conferencing. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, and re-appointed Geeta Manekshana as a director retiring by rotation.

The meeting, chaired by Director Murzash Manekshana, commenced at 10:30 am and concluded at 11:05 am. All directors, including the chairpersons of the Audit and Nomination & Remuneration committees, were present. The statutory auditor’s representative also attended the session.

Agenda items approved

The company confirmed that all resolutions were passed with the requisite majority. The key ordinary business items considered were:

The Company Secretary reported no qualifications, observations, or adverse remarks from the statutory or secretarial auditors for the financial year ended March 31, 2026.

Voting and compliance details

Remote e-voting facilities were active from September 19 to September 21, 2026. Voting was also available electronically during the meeting for shareholders who had not participated remotely. The scrutinizer oversaw the electronic voting process through video conferencing means.

Results of the e-voting will be disseminated to the stock exchanges and uploaded on the company website. The meeting adhered to Ministry of Corporate Affairs and SEBI guidelines regarding virtual general meetings.

Scrutinizer report and voting results

Shridhar Phadke from SVP & Associates was appointed as the scrutinizer. According to the consolidated scrutinizer's report, all resolutions were duly approved by shareholders with the requisite majority. The voting results indicate unanimous support for both agenda items.

Participation metrics

As of the cut-off date of September 15, 2026, the total number of shareholders stood at 1,132. A total of 19 shareholders attended the meeting through video conferencing, comprising one promoter and 18 public shareholders.

Voting data reveals that promoters and promoter group members voted 235,305 shares, representing 100% of their holding. Public non-institutional investors voted 167 shares out of their 79,769 held shares. No votes were cast against either resolution.

Dalal Street Investments Limited reported a net loss after tax of ₹1.26 lakh for the financial year ended March 31, 2026, reversing a profit of ₹13.83 lakh recorded in the previous year.

The Board of Directors approved the financial results and fixed the date for the company's 49th Annual General Meeting (AGM) as Tuesday, September 22, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM) at 10:30 am. Remote e-voting will commence on Saturday, September 19, 2026, at 9:00 am and end on Monday, September 21, 2026, at 5:00 pm. Members holding shares on the cut-off date of September 15, 2026, are eligible to vote.

Financial Performance

Revenue from operations rose to ₹60.51 lakh in FY26, up from ₹55.00 lakh in FY25. However, this growth was offset by a sharp decline in other income, which fell to ₹29.88 lakh from ₹62.60 lakh in the prior year. Total expenses decreased to ₹91.84 lakh from ₹103.49 lakh.

The decline in other income, primarily derived from investments generated from retained surpluses, was the primary driver behind the shift from profit to loss. Earnings per share stood at a loss of ₹0.40, compared to earnings of ₹4.39 in FY25.

What the Numbers Show

The divergence between operating revenue growth and the overall loss highlights the company's reliance on investment income for profitability. While core consultancy services grew by approximately 10%, the more than 50% drop in other income eroded the bottom line, indicating that operational gains were insufficient to offset the reduction in returns from retained surpluses.

AGM Details and Corporate Governance

The Register of Members and Share Transfer Books will remain closed from September 16, 2026, to September 22, 2026. Mr. Shridhar Phadke from SVP & Associates has been appointed as the Scrutinizer for the e-voting process.

Key agenda items for the AGM include:

• Adoption of the Audited Financial Statements for FY26.
• Re-appointment of Mrs. Geeta Manekshana (DIN: 03282077), Managing Director, who retires by rotation.

The company does not recommend any dividend for FY26 to conserve resources. The Directors' Report notes that there were no material changes affecting the financial position between the end of the financial year and the date of the report.