GSL Securities shareholders adopted the company's audited financial statements for FY26 and reappointed key management personnel during its 32nd Annual General Meeting on September 7, 2026. The resolutions passed with overwhelming support from the promoter group.

The meeting, chaired by Managing Director Santkumar Bagrodia, saw a total of 48 members present in person. A total of 1,910,037 votes were polled out of 4,275,100 outstanding shares, representing a 44.68% turnout. The statutory auditors issued an unqualified report with no adverse remarks.

Key Resolutions Passed

Shareholders approved three primary items during the proceedings:

• Adoption of the audited financial statements and the Directors' Report for FY26.
• Reappointment of Mrs. Shailja Bagrodia as a director upon retirement by rotation.
• Reappointment of Mr. Santkumar Bagrodia as Managing Director for a further period of one year.

Voting Breakdown

The promoter group, holding 1,908,200 shares, voted entirely in favour of all three resolutions via poll voting at the venue. The public category held 2,366,900 shares. While public participation via remote e-voting was low (only 331 votes cast), those who did vote electronically showed some dissent, with 30 votes cast against each resolution. However, this opposition was negligible compared to the promoter support.

Scrutinizer Report

M/s. Shivhari Jalan & Co acted as the scrutinizer for the voting process. The firm confirmed that no polling papers were found defective and that the e-voting data from NSDL was reconciled correctly. The results were declared on the day of the meeting.

GSL Securities Limited has scheduled its 32nd Annual General Meeting (AGM) for Monday, September 7, 2026, at 10:00 am at its registered office in Tardeo, Mumbai. The company has dispatched physical letters to shareholders who have not registered their email addresses, providing web-links to access the Integrated Annual Report for FY26 and the AGM Notice. This step ensures compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remote e-voting for eligible members, defined as those holding shares on August 31, 2026, is open from September 4, 2026, to September 6, 2026. The voting module will be disabled by National Securities Depository Limited (NSDL) after 5:00 pm on September 6, 2026. Institutional shareholders are required to submit board resolutions authorizing their representatives to vote via email to the scrutinizer. Members attending the meeting can also vote through physical ballot papers if they have not already cast their votes electronically.

Director Reappointment and Remuneration

The primary agenda for the AGM includes seeking shareholder approval for the reappointment of Santkumar Bagrodia as Managing Director (MD) for a one-year term commencing October 1, 2026. Based on the recommendation of the Nomination and Remuneration Committee, his remuneration is capped at ₹9,00,000 per annum in salary, with no commission or perquisites. The tenure is fixed until September 30, 2027. The Board also proposes the reappointment of Shailja Bagrodia as a director by rotation.

Financial Context and Governance

The audited financial statements for FY26 report a net loss of ₹31.38 lakh, widening from ₹16.46 lakh in FY25. Total income rose to ₹5.59 lakh from ₹1.68 lakh, but expenditure excluding depreciation increased to ₹36.96 lakh from ₹26.05 lakh. Despite the operational loss, the company’s net worth remained stable at ₹975.65 lakh, supported by a significant increase in cash and cash equivalents to ₹382.65 lakh from ₹5.31 lakh in FY25. Total assets grew to ₹992.19 lakh from ₹587.08 lakh.

Shareholder Communication and Compliance

GSL Securities emphasized that members holding shares in physical form should update their KYC details with the Registrar and Transfer Agent, Purva Shareregistry (India) Pvt. Ltd., to avoid withholding of dividends. The Register of Members and Share Transfer Books will remain closed from September 1, 2026, to September 7, 2026. The statutory auditor, V R S K & CO. LLP, confirmed adequate internal financial controls, while Shiv Hari Jalan & Co., Company Secretaries, conducted the secretarial audit, confirming compliance with the Companies Act, 2013, and SEBI regulations.