Khandwala Securities has scheduled its 33rd Annual General Meeting for Friday, September 18, 2026. The event will be conducted through Video Conferencing or Other Audio Visual Means, in compliance with Ministry of Corporate Affairs circulars.

The company fixed Friday, September 11, 2026, as the cut-off date to determine members entitled to vote. The Register of Members and Share Transfer Books will remain closed from September 12, 2026, to September 18, 2026, inclusive.

Voting and Meeting Details

Remote e-voting will commence on Tuesday, September 15, 2026, at 9:00 am and conclude on Thursday, September 17, 2026, at 5:00 pm. Members can cast votes electronically via the National Securities Depository Limited platform.

Those attending the AGM via VC/OAVM who have not already voted remotely may exercise their voting rights during the meeting. The facility for appointing proxies is not available for this virtual meeting.

Agenda Items

The ordinary business includes:

• Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026.
• Adoption of the Audited Consolidated Financial Statements for the same period.
• Re-appointment of Mrs. Bhagyashree Khandwala as a Director, retiring by rotation.

Mrs. Khandwala holds 50,180 equity shares in the company and serves as the spouse of Whole-time Director Mr. Pranav Khandwala.

What the Numbers Show

The filing confirms the continuation of key leadership within the Khandwala family structure, with Mrs. Khandwala seeking re-appointment alongside her husband’s existing role. The absence of proxy voting facilities reflects the standard operational shift toward fully digital shareholder engagement for listed entities under recent regulatory frameworks.

Khandwala Securities Limited reported a standalone net profit of ₹8.49 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a sharp reversal from a net loss of ₹58.58 lakh in the same period of FY25. This turnaround signals improved operational efficiency and stronger fee generation, which matters to investors tracking the firm’s return to profitability after consistent losses in recent quarters. Revenue from operations stood at ₹226.68 lakh, up from ₹114.20 lakh in Q1FY25, while total expenses decreased to ₹250.57 lakh from ₹188.39 lakh in the prior year, aided by lower other expenses despite higher finance costs.

The Board of Directors, meeting on August 10, 2026, approved the unaudited financial results pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, Pravesh Agarwal & Associates, in accordance with Regulation 33 of the SEBI LODR Regulations. The Board also decided to convene the 33rd Annual General Meeting on September 18, 2026, through Video Conferencing or Other Audio-Visual Means.

Financial Performance Highlights

The company’s profitability was primarily driven by its fee-based operations, which generated a segment result of ₹60.07 lakh, compared to a loss of ₹6.19 lakh in Q1FY25. In contrast, investment/stock operations recorded a minor loss of ₹0.43 lakh. Total comprehensive income for the period was ₹8.49 lakh, with earnings per share (basic and diluted) at ₹0.06, compared to a loss per share of ₹0.38 in the previous year.

Segment-wise Analysis

Fee-based operations contributed ₹222.34 lakh to total revenue, accounting for nearly 98% of operational income. This segment’s assets stood at ₹2,154.18 lakh, while liabilities were ₹488.77 lakh. Investment/stock operations saw minimal revenue contribution of ₹4.33 lakh but maintained capital employed at ₹474.55 lakh. The consolidated results, including associate Trumonee Financial Limited, mirrored the standalone performance with a net profit of ₹8.43 lakh.

What the Numbers Show

The most critical insight from Q1FY26 is the decoupling of expense growth from revenue growth. While revenue nearly doubled compared to Q1FY25, total expenses increased by only 33%, largely due to controlled employee benefits and reduced other expenses. However, finance costs rose to ₹8.17 lakh from ₹4.08 lakh, indicating higher borrowing or interest-bearing liabilities. The turnaround is operationally driven rather than reliant on other income, which suggests sustainable improvement in core brokerage and advisory activities. Investors should monitor whether this margin expansion persists as market volatility impacts investment operations.