Mehta Securities has scheduled its 32nd Annual General Meeting (AGM) for September 25, 2026, at its registered office in Ahmedabad. The company confirmed that remote e-voting facilities will be available to shareholders from September 22 to September 24, 2026.

The board approved the draft directors’ report for FY26 during a session concluded on August 31, 2026. This meeting follows the approval of key compliance and governance matters for the financial year ending March 31, 2026.

Record Date and Register Closure

The register of members and share transfer books will remain closed from September 19 to September 25, 2026, inclusive. This closure period facilitates the preparation of the final list of members eligible to exercise voting rights and receive dividends declared at the AGM.

Governance and Audit Updates

Directors noted the secretarial audit report issued by Rohit Bajpai & Associates and reviewed eligibility certificates for statutory and secretarial auditors for the upcoming fiscal year. Asim Ravindra & Associates were confirmed as eligible for appointment as statutory auditors for FY27, while Rohit Bajpai & Associates were confirmed for the same role as secretarial auditors.

Sanjay Dayalji Kukadia, a practicing company secretary based in Ahmedabad, was appointed as the scrutinizer for e-voting and physical voting at the AGM. This appointment aligns with Section 108 of the Companies Act, 2013, ensuring a transparent voting process for shareholders.

Voting Procedures

In accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company will provide members with the facility to exercise their votes electronically. The remote e-voting module will be disabled by National Securities Depository Limited (NSDL) after the specified period. Directors liable to retire by rotation were identified for consideration at the meeting.

Mehta Securities reported a standalone loss of ₹0.95 lakh for the first quarter of FY27 (ended June 30, 2026), reversing the profit of ₹3.64 lakh recorded in the preceding quarter. The company logged zero revenue from operations for the third consecutive quarter, with total income standing at ₹8.42 lakh.

The Board of Directors approved the unaudited financial results in its meeting held on August 13, 2026. Asim Ravindra & Associates, the statutory auditors, issued a limited review report on the statements.

Financial Performance

The company’s total income declined slightly from ₹8.65 lakh in Q4FY26 to ₹8.42 lakh in Q1FY27. This income was generated entirely from 'Other Income,' as revenue from operations remained at nil. Key components of other income included dividend receipts of ₹8.15 lakh and interest income of ₹0.27 lakh.

Total expenses increased significantly to ₹9.37 lakh from ₹4.73 lakh in the previous quarter. This rise was driven by higher employee benefits expense (₹3.53 lakh vs ₹3.15 lakh) and a spike in professional and consulting expenses (₹3.84 lakh vs ₹0.06 lakh). Depreciation expenses decreased to ₹0.21 lakh from ₹0.37 lakh.

What the Numbers Show

The financial data highlights a complete reliance on non-operational income streams. With revenue from operations at zero for three consecutive quarters (Q3FY26, Q4FY26, and Q1FY27), dividend income constituted approximately 97% of total income in Q1FY27. This structural dependency means the company's profitability is currently decoupled from its core business activities, making it highly sensitive to external dividend flows rather than operational performance.

The widening loss compared to the prior quarter was largely attributable to a one-time increase in professional and consulting expenses, which jumped from negligible levels in Q4FY26 to ₹3.84 lakh in Q1FY27. Employee benefits remained relatively stable, indicating that fixed cost pressures are manageable, but variable professional costs impacted the bottom line this quarter.

Balance Sheet and Capital Structure

Paid-up equity share capital remained unchanged at ₹308.94 lakh. The company did not declare any dividend for the quarter. Basic earnings per share stood at a loss of ₹0.03, compared to earnings of ₹0.12 in the preceding quarter and a loss of ₹0.21 in the corresponding period last year.