GX Ventures LLP has increased its stake in Amarnath Securities Ltd to 5.48% following the acquisition of 15000 shares through an open market transaction. The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the change in shareholding structure.

The acquirer, acting in concert with GX Capital Pvt Ltd, Novita Brands Pvt Ltd, Pawan Jain, and Monika Jain, previously held 149400 shares, representing 4.98% of the total share capital. The recent purchase of 15000 shares, accounting for 0.50% of the capital, was finalized on June 15, 2026.

Acquisition Details

The transaction involved the purchase of equity shares carrying voting rights. The mode of acquisition was the open market, and the acquirer does not belong to the promoter or promoter group of the target company. The total equity share capital of Amarnath Securities Ltd remains unchanged at INR 3,00,02,000, comprising 30,00,200 equity shares.

Shareholding Pattern

The filing was submitted to the Bombay Stock Exchange Limited by Pawan Jain, Designated Partner of GX Ventures LLP, on June 16, 2026. The shares of Amarnath Securities Ltd are listed on BSE Limited under the symbol AMARSEC.

Amarnath Securities Limited reported a net loss of ₹520.91 lakh for the financial year ended March 31, 2026, a sharp decline from the net profit of ₹19.27 lakh recorded in the previous year. The company’s total income for the year fell to ₹81.01 lakh from ₹38.93 lakh in FY25, while total expenses rose significantly to ₹601.92 lakh. The primary driver of the increased expenditure was a loss on the derecognition of financial assets amounting to ₹539.52 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The filing was made pursuant to Regulation 29 and 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The company operates solely in the Finance and Investment segment, as per the disclosure.

H K Shah & Co., Chartered Accountants, issued a qualified opinion on the financial results. The auditors stated they had not received documents regarding RBI compliances from the auditee NBFC company, making it impossible to determine the potential effects of any non-compliance. Additionally, the absence of a whole-time Company Secretary during the audit year prevented the auditors from assessing the extent or effects of possible consequential secretarial non-compliances.

The company's net worth turned negative, standing at ₹(73.04) lakh as of March 31, 2026, compared to a positive net worth of ₹447.87 lakh in the previous year. Total assets decreased to ₹6.49 lakh from ₹541.70 lakh, while total liabilities stood at ₹79.53 lakh. The management noted that the company is in the process of obtaining records regarding historical RBI compliances from erstwhile promoters and is actively recruiting for the vacant Company Secretary position.

The following table details the financial performance for the quarter and year ended March 31, 2026: