Mefcom Capital Markets Limited has scheduled its 41st Annual General Meeting (AGM) for August 8, 2026, at 12:30 P.M. in New Delhi. The company has established a book closure period from August 5, 2026, to August 8, 2026, to determine shareholder eligibility for the meeting and voting. The venue for the meeting is E-15, Ansal Villas, Village Satbari, New Delhi.

The company has submitted the publication of the AGM notice in newspapers, specifically "Jansatta" (Hindi) and "Financial Express" (English), to BSE Limited. This submission was made in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Company Secretary Rachita Aggarwal on July 18, 2026.

Meeting and Voting Details

Shareholders whose names appear in the register of members or beneficial owners as of the cut-off date, August 1, 2026, are entitled to vote. The company has provided remote e-voting facilities through NSDL, which will be open from August 5, 2026, at 9:00 A.M. to August 7, 2026, at 5:00 P.M. Members who have cast their votes remotely may attend the AGM but cannot vote again.

The Board of Directors has appointed BK Sharma & Associates, Practicing Company Secretaries, as the scrutinizer for the remote e-voting and AGM proceedings. The notice and annual report are available on the company's website and the BSE website.

Mefcom Capital Markets Limited reported a net loss of ₹185.13 lakh for the financial year ended March 31, 2026, an improvement from the net loss of ₹273.46 lakh recorded in the previous year. Total revenue for the year stood at ₹10,883.61 lakh, down from ₹20,669.86 lakh in FY25, primarily due to a diminution in the valuation of stock-in-trade. The company’s Board of Directors has recommended the adoption of the audited financial statements and sought shareholder approval for several key resolutions, including the sale of its subsidiary stake and the ratification of managerial remuneration paid in excess of statutory limits.

Financial Performance

The company’s standalone total revenue for FY26 was ₹10,883.61 lakh, compared to ₹20,669.86 lakh in the previous year. The reduction in revenue and the incurred loss were largely attributed to a diminution in the valuation of stock-in-trade amounting to ₹100.47 lakh. Despite the challenging market conditions, the company successfully resumed merchant banking activities, managing the IPO of Globe Civil Projects Limited, which raised ₹119 crore. The consolidated financial statements reflected a total revenue of ₹11,413.60 lakh and a net loss of ₹223.30 lakh for the group.

Sale of Subsidiary Stake

The Board has approved the sale of the company's entire 60% shareholding in its subsidiary, Mefcom Securities Limited, to Promoter and Managing Director Mr. Vijay Mehta. The transaction, valued based on an independent valuation report dated June 30, 2026, is intended to facilitate strategic business restructuring. The proposal has received no-objection letters from BSE Limited and the National Stock Exchange of India Limited. Mr. Vijay Mehta has already advanced ₹250 lakh to the company in connection with this transaction. Upon completion, Mefcom Securities Limited will cease to be a subsidiary of the company.

Managerial Remuneration

Shareholders will vote on resolutions to ratify the managerial remuneration paid to Executive Directors for FY26, which exceeded the limits prescribed under Section 197 of the Companies Act, 2013. The company is also seeking approval to pay remuneration that may exceed statutory limits for the upcoming financial year, FY27, citing inadequate profits. The remuneration details for the Executive Directors are as follows:

Other Agenda Items

The Annual General Meeting will also consider the re-appointment of Mr. Sameer Rajendra Purohit, who retires by rotation and is eligible for re-appointment. Additionally, shareholders will vote on a special resolution to approve the continuation of Dr. Shri Ram Khanna as a Non-Executive Independent Director beyond the age of 75 years. Dr. Khanna, who turns 75 on July 22, 2026, has a term ending on January 30, 2030.

Meeting Details

The 41st Annual General Meeting is scheduled for August 8, 2026, at 12:30 P.M. IST at E-15, Ansal Villas, Satbari, New Delhi-110030. Remote e-voting facilities will be available from August 5, 2026, at 9:00 am to August 7, 2026, at 5:00 pm. The record date for determining shareholder eligibility for e-voting is August 1, 2026.