Mehta Securities accepts resignation of Company Secretary

1 min read Updated on 01 Jul 2026, 07:57 PM

Reviewed by

Riya DScanX News Team

AI Summary

Mehta Securities Ltd announced the resignation of Mahesh K. Moteevaras as Company Secretary and Compliance Officer effective July 1, 2026. He stepped down to pursue better career opportunities outside the organization. The company is currently identifying a suitable replacement and will inform the stock exchanges upon appointment.

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Mehta Securities Ltd accepted the resignation of Mahesh K. Moteevaras from the position of Company Secretary and Compliance Officer, effective July 1, 2026. The resignation was submitted via an email letter dated July 1, 2026, and Moteevaras was relieved from his duties at the close of business hours on the same day. He is leaving the organization to pursue better career opportunities outside the company.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the resignation pertains to a Key Managerial Personnel (KMP) role. The filing included reference to SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

mehta securities stated that it is in the process of identifying and hiring a suitable candidate to fill the vacancy. The stock exchanges will be informed once the new appointment is finalized. The resignation letter was signed by Bhavna D. Mehta, Chairperson & Managing Director.

The following table details the event information as per the regulatory disclosure:

Sr. No.	Details of Events	Information
1	Reason for change	Resignation to pursue better career opportunities outside the Organization.
2	Date of cessation	Relieved from duties effective close of business hours on July 1, 2026.
3	Brief profile	NA
4	Disclosure of relationships	NA
5	BSE Circular info	NA

Historical Stock Returns for Mehta Securities

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-12.64%	-42.45%	-52.89%	+25.62%

How will the temporary vacancy in the Compliance Officer role impact Mehta Securities' regulatory adherence during the transition period?

What criteria will the company prioritize when selecting a successor to ensure seamless continuity in compliance and governance?

Could the departure of a Key Managerial Personnel signal potential strategic shifts or operational challenges within the company?

Financial Performance

For the quarter ended March 31, 2026, the company reported a profit of ₹3.64 lakh, a turnaround from the loss of ₹2.82 lakh in the quarter ended December 31, 2025. Total income for Q4FY26 was ₹8.65 lakh, up from ₹3.72 lakh in the preceding quarter. Total expenses for the full year increased to ₹30.65 lakh from ₹29.57 lakh in the prior year.

Metric	Year Ended 31/03/2026 (₹ in Lakhs)	Year Ended 31/03/2025 (₹ in Lakhs)
Total Income	31.01	45.41
Total Expenses	30.65	29.57
Profit for the Period	0.09	15.85
Basic EPS	0.00	0.51

Auditor and Board Decisions

The statutory auditors, M/s. Asim Ravindra & Associates, issued an unmodified opinion on the audited financial results. The report noted that the audit trail (edit log) facility in the accounting software was not activated throughout the year for relevant transactions. The company stated that this feature would be operative from the financial year 2026-27.

On the recommendation of the Audit Committee, the board approved the re-appointment of M/s. Trivedi Parikh & Shah, Chartered Accountants, as internal auditors for the financial year 2026-27. The firm has over two years of experience in indirect taxation, foreign accounting, statutory audit, and taxation. Additionally, the board authorized directors and Key Managerial Personnel to make disclosures pursuant to Regulation 30(5) of the SEBI (LODR) Regulations, 2015 regarding the materiality of events or information.

Assets and Liabilities

As of March 31, 2026, the company's total assets were ₹1220.14 lakh, slightly up from ₹1219.17 lakh in the previous year. Investments constituted the largest asset component at ₹1204.59 lakh. Borrowings increased to ₹115.00 lakh from ₹107.00 lakh in the prior year. Equity share capital remained unchanged at ₹308.94 lakh.

Historical Stock Returns for Mehta Securities