GCM Securities Limited shareholders unanimously approved the reappointment of key leadership figures during its 31st Annual General Meeting held on September 25, 2026. The meeting, conducted via video conferencing, saw all proposed resolutions pass with requisite majority support.

The scrutinizer report confirmed that Inder Chand Baid was reappointed as Chairman (Executive Director) for a period of five years. Additionally, Manish Baid was reappointed as Managing Director for a similar five-year term. Both appointments were ratified through special resolutions passed by e-voting.

Meeting proceedings and attendance details

The AGM commenced at 11:30 am and concluded at 12:05 pm. Mr. Manish Baid, Managing Director of the company, occupied the chair. A total of 61 members, including those from the promoter group, were present in the meeting. The required quorum under Section 103 of the Companies Act, 2013 was met, allowing the Chairman to call the meeting to order.

Five members registered as speakers for the session, but only two appeared during the AGM to ask questions, which were addressed by the Chairman. The notice of the 31st AGM and the Auditor's Report were taken as read with the consent of the members. Mrs. Kriti Daga, Practicing Company Secretary, was appointed as Scrutinizer to oversee the voting process.

Voting outcomes and attendance

The remote e-voting period ran from September 22 to September 24, 2026, facilitated by National Securities Depository Ltd (NSDL). A total of 32,001 shareholders were on record as of the cut-off date of September 18, 2026. Due to the virtual format, no physical presence was recorded, though 61 shareholders attended via video conferencing.

All four agenda items received overwhelming support. The adoption of audited financial statements for FY26 and the reappointment of directors saw near-total approval, with negligible dissenting votes recorded across all items.

Note: Vote counts reflect valid votes cast via e-voting. Physical ballots were nil.

What the numbers show

A distinct divergence exists in the voting participation between the first and subsequent resolutions. While 71,975,827 votes were cast in favor of adopting the financial statements, only 6,725,827 votes supported the director reappointments. This suggests that a significant portion of voting shares participated in the routine financial approval but did not cast votes on the specific leadership appointments, or potentially abstained from those specific items despite participating in the meeting.

GCM Securities has fixed the book closure period from September 19, 2026 to September 25, 2026 for its upcoming Annual General Meeting. The company’s board approved these details alongside FY26 results during its meeting on September 3, 2026.

The 31st AGM is scheduled for September 25, 2026, at 11:30 am via Video Conferencing or Other Audio Visual Means (OAVM). Shareholders holding shares on record during the closure period will be eligible to participate in the meeting.

Book Closure Details

The Register of Members and Share Transfer Books will remain closed for six days to determine eligibility for the AGM. The specific dates are as follows:

Governance Appointments

The board recommended the re-appointment of Mr. Inder Chand Baid as Chairman and Mr. Manish Baid as Managing Director. Both appointments are for five-year terms, following standard rotation procedures under Section 152(6) of the Companies Act, 2013.

Additionally, M/s Kriti Daga was appointed as Secretarial Auditors for a five-year term. This aligns with Regulation 24A of the SEBI (LODR) Regulations, 2015, and Section 204 of the Companies Act, 2013. M/s Kriti Daga also serves as Scrutinizer to monitor e-voting at the AGM.

Compliance Updates

GCM Securities notified the Bombay Stock Exchange on August 29, 2026, regarding the agenda items. This notification complies with Regulation 29 of the SEBI (LODR) Regulations, 2015. The intimation for book closure was issued pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI LODR Regulations, 2015.