Aqylon Nexus Limited saw a significant reduction in institutional holding as Leading Leasing Finance and Investment Company Limited disposed of 4.80% equity. The transaction, executed on October 13, 2026, lowered the investor's stake from 10.16% to 5.36%.

The disposal involved the sale of 1,21,70,520 shares carrying voting rights. This move was conducted through the open market, adhering to disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to both BSE and NSE by Satish S. Kalmaste, Managing Director of Leading Leasing Finance.

Transaction Details

The following table outlines the change in shareholding position before and after the sale:

Regulatory Compliance

Leading Leasing Finance confirmed that it does not belong to the promoter or promoter group of Aqylon Nexus. The company remains a substantial shareholder following the disposal, as its holding exceeds the 5% threshold that triggers continued disclosure obligations under SEBI regulations. The total equity share capital of Aqylon Nexus remained unchanged at 25,37,30,560 equity shares of ₹1 each.

What the Numbers Show

The sale represents a near-halving of the institutional stake, with Leading Leasing exiting just under half of its previous position. Despite this significant divestment, the entity retains a strategic foothold with a 5.36% holding, keeping it within the realm of major non-promoter shareholders who must report further changes in ownership.

Aqylon Nexus Limited passed all seven resolutions at its 31st Annual General Meeting held on September 30, 2026, with shareholders casting votes overwhelmingly in favour across every agenda item.

The AGM was conducted at Lemon Tree Premier in Malad West, Mumbai, with Managing Director Parth Rupareliya presiding. Remote e-voting was open from September 27 to September 29, 2026, facilitated by National Securities Depository Limited, with the cut-off date for voting entitlements set at September 23, 2026. Members present at the meeting who had not voted remotely were permitted to cast votes through postal ballot. Votes were unblocked on September 30, 2026 after the conclusion of the meeting in the presence of two independent witnesses. The scrutinizer's report was submitted by Pooja M. Patel of M/s Pooja M Patel & Associates, Practicing Company Secretaries, Ahmedabad.

Key resolutions passed

Shareholders approved seven resolutions spanning ordinary and special business. The table below summarises each resolution and its outcome.

Voting results by resolution

The scrutinizer's consolidated report provides a detailed breakdown of votes cast for each resolution. Resolutions 1, 3, 4, and 7 drew participation from both promoter and public non-institutional shareholders, while Resolutions 2, 5, and 6 saw promoter votes treated as invalid due to the promoter group's interest in those agenda items.

The following table captures the aggregate voting outcome across all shareholder categories for each resolution.

For Resolution 1 (adoption of FY26 financials), 82 equity shareholders voted in favour, casting 16,08,38,118 votes, while 2 shareholders voted against with 450 votes. For Resolution 3 (statutory auditor appointment), 81 shareholders voted in favour with 16,08,37,889 votes against 3 shareholders casting 679 votes against. The same vote distribution applied to Resolutions 4 and 7. Resolutions 2, 5, and 6 recorded 90,29,689 invalid votes from the promoter group, as the promoter group held an interest in those agenda items.

Governance updates

The meeting solidified the company's leadership structure across multiple dimensions. Parth Rajeshbhai Rupareliya was re-appointed as a director retiring by rotation and separately confirmed as Managing Director, Chairperson, and Key Managerial Person for a term of five years. Vishnu Deepakbhai Rupareliya was regularised as an Executive (Non-Independent) Director. Krunal Shaileshbhai Hapliya joined the board as a Non-Executive Independent Director through a special resolution, strengthening independent oversight capacity.

The appointment of M/s Bilimoria Mehta & Co. as statutory auditor for a five-year tenure ensures continuity in financial oversight. M/s Pooja M Patel & Associates were simultaneously appointed as secretarial auditor for their first five-year term. The meeting concluded at 2:42 pm with a vote of thanks from the Chairman.