Khandwala Securities Limited has filed its mandatory annual disclosure under SEBI regulations for the financial year ended March 31, 2026. The disclosure was submitted to both major stock exchanges on April 7, 2026, fulfilling regulatory compliance requirements.

Regulatory Disclosure Details

The company submitted its annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The filing was addressed to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

Promoter Declaration

Paresh J. Khandwala, acting as promoter of Khandwala Securities Limited, submitted a formal declaration on behalf of all promoters, promoter group members, and persons acting in concert. The declaration specifically confirmed that no encumbrance was made, directly or indirectly, on equity shares held by the promoter group during the financial year ended March 31, 2026.

The promoter's declaration emphasized compliance with SEBI regulations and provided assurance regarding the status of promoter shareholdings. This disclosure serves as a transparency measure for investors and regulatory authorities.

Company Authorization

The disclosure was officially filed by Abhishek Joshi, who serves as Company Secretary & Compliance Officer for Khandwala Securities Limited. The filing included the company's official seal and was copied to the company's Audit Committee at their Nariman Point office in Mumbai.

Regulatory Significance

This annual disclosure represents a mandatory compliance requirement under SEBI's substantial acquisition regulations. The filing ensures transparency regarding promoter shareholding patterns and any potential encumbrances that might affect investor interests. Such disclosures are critical for maintaining market integrity and providing stakeholders with accurate information about promoter commitments.

Khandwala Securities Limited has successfully conducted its separate meeting of Independent Directors on March 24, 2026, completing the regulatory compliance requirements under SEBI listing obligations and the Companies Act 2013.

Meeting Execution and Timeline

The Independent Directors meeting was held from 12.30 p.m. to 1.30 p.m. on Tuesday, March 24, 2026, at the company's registered office. The session was conducted pursuant to Regulation 25(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with section 149(8) of the Companies Act, 2013 read with Schedule IV of the Act.

Meeting Outcomes and Decisions

The Independent Directors meeting successfully addressed all planned governance areas and approved the following key assessments:

Regulatory Compliance and Governance

The completion of this meeting represents fulfillment of a critical corporate governance requirement. The Independent Directors evaluated the effectiveness of board functioning, with particular focus on the performance assessment of non-independent directors and the chairperson's leadership.

Information Flow Evaluation

A significant component of the meeting involved assessing the information flow between the company's management and the board. The directors evaluated whether the quality, quantity, and timeliness of information provided is sufficient for the board to effectively and reasonably perform their duties.

Disclosure and Communication

The company has communicated the meeting outcome to both BSE Limited and the National Stock Exchange of India Limited as part of its disclosure obligations under SEBI regulations. Company Secretary and Compliance Officer Abhishek Joshi signed the outcome notice, ensuring proper regulatory compliance and transparency with stakeholders.