Futuristic Securities Limited has submitted the consolidated voting results for its 55th Annual General Meeting held on September 30, 2026. The company filed the scrutinizer's report with BSE on October 1, 2026, confirming the passage of all agenda items.

The meeting was chaired by Pradeep Jatwala, who also serves as a Director. Directors R.K. Saboo and A.K. Chopra attended the session. The company facilitated electronic voting from September 27 to September 29, 2026, alongside physical ballot options for those present at the venue in Mumbai.

Voting outcomes

All four resolutions proposed in the notice were passed with requisite majorities. The promoter group cast 1,223,934 votes in favor across all items, representing 100% of their holding. Public shareholders voted overwhelmingly in favor, with only five votes against the appointment of the secretarial auditor.

Compliance and scrutiny

Pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015, the company ensured compliance with e-voting norms. Roy Jacob & Co, Company Secretaries, served as the scrutinizer for both remote e-voting and ballot voting. The votes were unblocked on October 1, 2026, around 12:30 pm in the presence of witnesses.

A total of 22 members attended the meeting physically, with 21 casting ballots at the venue. The remaining participation occurred through remote e-voting via CDSL. The consolidated results have been published on the company website and submitted to the stock exchange.

Futuristic Securities reported a net loss of ₹25.82 lakh for the financial year ended March 31, 2026, reversing a net profit of ₹67.37 lakh in the previous year. The company’s 55th Annual General Meeting (AGM) is scheduled for September 30, 2026.

The shift from profit to loss was driven by a rise in total expenses, which increased to ₹11.43 lakh from ₹10.35 lakh in FY25, while total revenue remained flat at ₹11.26 lakh. Operating expenses saw a notable increase, with employee benefit costs rising to ₹3.03 lakh from ₹2.29 lakh, and other expenses climbing to ₹8.40 lakh from ₹8.06 lakh.

Financial Performance Overview

Revenue from operations remained stable at ₹6.32 lakh, primarily derived from interest on loans. Other income contributed ₹4.94 lakh, largely supported by dividend receipts of ₹4.87 lakh. Despite stable revenue streams, the inability to contain operational costs led to a pre-tax loss of ₹1.72 lakh, compared to a pre-tax profit of ₹90,070 in the prior year.

Balance Sheet and Cash Position

As of March 31, 2026, the company’s total assets stood at ₹139.03 lakh, a slight decline from ₹139.44 lakh in the previous year. Cash and cash equivalents decreased significantly to ₹6.19 lakh from ₹21.64 lakh, reflecting the cash outflow from operations. The company holds unquoted equity investments worth ₹40.29 lakh and has advanced loans amounting to ₹79 lakh. Shareholders’ funds include a special capital incentive reserve of ₹20 lakh, offsetting accumulated losses in retained earnings.

What the Numbers Show

The company’s revenue structure is heavily reliant on non-operational income sources. Dividend income alone constituted approximately 43% of total revenue, while interest income made up another 56%. This leaves minimal room for error in cost management; the rise in employee and other operational expenses directly eroded the thin operating margin, turning a profitable year into a loss-making one despite stable top-line figures.

Corporate Governance and AGM Details

The Board of Directors will seek shareholder approval for the re-appointment of Mr. Pradeep Jatwala, who retires by rotation. Additionally, shareholders will vote to appoint M/s. MKPS & Associates LLP as the new statutory auditors for a five-year term, replacing M/s. MAKK & Co., who resigned in August 2026. M/s. Roy Jacob & Co. will be appointed as the secretarial auditor for five years. No dividend is recommended for FY26.

The AGM will be held at 301/302, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai, at 4:00 pm on September 30, 2026. The cut-off date for determining entitlement to attend the AGM and participate in e-voting is September 23, 2026. Members holding shares in demat form are requested to register their email addresses with their respective Depository Participants, while those holding physical shares should update details with the Registrar and Transfer Agent, MUFG Intime India Private Limited. Remote e-voting will be available via Central Depository Services (India) Ltd.