Libord Securities has scheduled its 32nd Annual General Meeting (AGM) for September 24, 2026, to be conducted via Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting aims to transact ordinary business, including the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026.

The company will also seek shareholder approval for the reappointment of Mrs. Vandna Dangi as a Non-Executive Non-Independent Director. She retires by rotation at the meeting and offers herself for reappointment, having served since December 5, 2014.

E-Voting and Meeting Details

Shareholders holding shares as on the cut-off date of September 17, 2026, are eligible to participate in e-voting. National Securities Depository Limited (NSDL) will facilitate the remote e-voting process.

Members attending the AGM through VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013. The facility for appointing proxies is not available in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars.

Director Profile

Mrs. Dangi holds qualifications including F.C.A., M.B.A., and Ph.D. in Business Management. She brings 35 years of experience in the financial services industry and academia. Currently, she serves as a member of the Nomination and Remuneration Committee at Libord Securities and the Risk Management Committee at Libord Finance Limited. She does not receive remuneration from the company and holds 141,410 shares.

Procedural Notes

The register of members and share transfer books will remain closed from September 18, 2026, to September 24, 2026. Corporate members must submit certified copies of board resolutions authorizing representatives to vote to the scrutinizer via email. Mr. Sheetalkumar Dak of S. Dak & Associates has been appointed as the scrutinizer for the voting process.

Libord Securities reported a standalone net loss of ₹13.72 lakh for the quarter ended June 30, 2026, reversing a profit of ₹6.35 lakh recorded in the corresponding quarter of FY25. The deterioration was driven by a complete absence of operating revenue, which stood at ₹0.00 lakh, while total expenses increased to ₹17.09 lakh from ₹9.92 lakh year-on-year. The Board of Directors approved the unaudited financial results and the Limited Review Report from statutory auditors M/s RMR & Co. on August 12, 2026.

The company’s total income for the quarter was restricted to ₹3.37 lakh from other income, a sharp decline from ₹16.27 lakh in Q1FY25. This decline coincided with a rise in employee benefits expenses to ₹8.96 lakh from ₹8.18 lakh and other expenses jumping to ₹8.13 lakh from ₹1.54 lakh. Finance costs remained negligible at ₹0.00 lakh. Consequently, the loss before tax widened significantly to ₹13.72 lakh compared to a profit of ₹6.35 lakh in the previous year’s quarter.

Financial Performance Overview

Despite the operational loss, the company recorded positive Other Comprehensive Income (OCI) of ₹12.56 lakh, primarily due to items not reclassified to profit or loss. This OCI contribution reduced the Total Comprehensive Income loss to ₹1.16 lakh for the quarter. In contrast, the company reported a comprehensive income of ₹10.30 lakh in Q1FY25.

What the Numbers Show

The financial data reveals a structural dependency on non-operating income to offset fixed costs. With revenue from operations at zero for both the current and prior quarters, the company’s profitability is entirely contingent on other income streams, which have contracted sharply. The rise in other expenses, which tripled year-on-year, further eroded the margin cushion previously provided by higher other income. This divergence highlights the pressure on the cost base even as operational activity remains dormant.

The Board also adopted the Directors’ Report and Secretarial Audit Report for the financial year 2025-26 pursuant to Section 134(3) of the Companies Act, 2013. Additionally, the Board approved the notice for the 32nd Annual General Meeting (AGM) scheduled for September 24, 2026. The book closure period is fixed from September 18, 2026, to September 24, 2026, inclusive. Mr. Sheetalkumar Dak of M/s S. DAK & Associates has been appointed as the Scrutinizer for the AGM voting process.