Inani Securities Limited approved significant leadership changes during its 32nd Annual General Meeting held on September 23, 2026. The shareholders passed resolutions to appoint Vishnukant Inani as Managing Director and Chairman, while re-designating Lakshmikanth Inani as Whole-time Director.

The meeting, conducted via Video Conferencing from 12:30 pm to 1:05 pm, also saw the adoption of new Memorandum and Articles of Association. Members granted the Board powers to sell company properties and increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

Leadership restructuring

The special business items focused on governance and operational flexibility. The transition of roles between the two directors marks a formal shift in the company's executive hierarchy. Additionally, the Board was authorized to expand its debt capacity, a move often preceding capital-intensive initiatives or strategic acquisitions.

Resolutions passed

The following key resolutions were transacted during the AGM:

• Adoption of a new set of Memorandum of Association (MoA).
• Adoption of a new set of Articles of Association (AoA).
• Delegation of powers to the Board to sell company properties.
• Increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Change in designation of Lakshmikanth Inani from Managing Director to Whole-time Director.
• Change in designation of Vishnukant Inani from Executive Director to Managing Director and Chairman.
• Appointment of M/s. Baheti Gupta & Co., Company Secretaries, as Secretarial Auditor.

Governance and compliance

The meeting commenced after confirming the requisite quorum. Remote e-voting facilities were active from September 20, 2026, to September 22, 2026. Ms. Padma Loya, Partner and Company Secretary in Practice, served as the Scrutinizer for the voting process. The audited financial statements for FY26 were adopted alongside the Board and Auditor reports.

Inani Securities Limited has appointed M. Hepsibah Thomas as Chief Financial Officer, effective August 29, 2026. The Hyderabad-based broker also approved a significant leadership reshuffle and increased its borrowing powers to ₹100 crore during a board meeting held on August 29, 2026.

The board approved the change in designation of Vishnukant Inani from Director to Managing Director and Chairman, effective September 23, 2026. Concurrently, Lakshmikanth Inani will transition from Managing Director to Whole-Time Director on the same date. Both changes are subject to approval by members at the ensuing Annual General Meeting.

Key Board Resolutions

The board meeting addressed several strategic and compliance matters for the financial year 2025-26 and beyond:

• Leadership Changes: Appointment of Ms. Hepsibah Thomas as CFO w.e.f. August 29, 2026. Consent letters from Ms. Thomas and the directors were attached to the filing.
• Borrowing Powers: Increase in borrowing powers up to a limit of ₹100 crore under Section 180(1)(c) of the Companies Act, 2013.
• Asset Disposal: Approval for the sale of company properties under Section 180(1)(a) of the Companies Act, 2013.
• Audits: Appointment of M/s Baheti Gupta & Co as Secretarial Auditor for FY27 to FY31 and M/s Vinay Surana & Co as Internal Auditor for FY27.
• Corporate Governance: Adoption of new Memorandum of Association and Articles of Association at the upcoming AGM.

Regulatory Compliance

The disclosures were made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also approved the Directors Report and Secretarial Audit Report for the financial year 2025-26. Notice for the Annual General Meeting for FY25-26 was issued during the session.

What the Numbers Show

The decision to raise borrowing powers to ₹100 crore alongside the approval for property sales suggests a potential shift in capital structure or liquidity management strategy. This combination of asset monetization and increased debt capacity indicates the company is actively managing its balance sheet ahead of the AGM approvals.