Modern Shares & Stockbrokers has closed its trading window for designated persons and their immediate relatives effective October 1, 2026. This restriction remains in force until 48 hours after the company declares its unaudited financial results for the quarter ended September 30, 2026.

The move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by the 2018 regulations. The closure also adheres to the company's code of conduct and BSE Circular Rf. No. U ST/COMP/01/2019-20 dated April 2, 2019, regarding trading restriction periods.

Regulatory Compliance

The intimation was submitted to the Corporate Relationship Department of BSE Limited. The filing confirms that the trading window is closed with immediate effect from October 1, 2026. This measure ensures that insiders do not trade while possessing unpublished price-sensitive information related to the upcoming quarterly results.

Board Meeting Schedule

The date of the Board Meeting at which the unaudited results will be considered has not yet been finalized. Modern Shares stated that this information will be intimated to the stock exchanges in due course. Until the results are declared and the subsequent 48-hour period elapses, trading by insiders is prohibited.

Modern Shares & Stockbrokers disclosed the voting results for its 87th Annual General Meeting held on September 8, 2026. All three resolutions proposed at the meeting were passed with requisite majority, reflecting strong shareholder backing for the board’s governance decisions.

The company had previously reported a net profit of ₹23.52 lakh for FY26, a 44% increase from ₹16.35 lakh in FY25. The board decided not to declare a dividend for the current fiscal year, citing market volatility driven by tariff uncertainties and geopolitical conflicts.

Voting Results Overview

The AGM was conducted via video conference in compliance with Ministry of Corporate Affairs and SEBI circulars. Remote e-voting was open from September 3 to September 7, 2026. A total of 3,100 shareholders were on record as of September 1, 2026.

Thirty-eight shareholders attended the meeting through video conferencing, comprising six promoters and 32 public shareholders. The voting process was scrutinized by CS Anil Jani of Anil Jani & Company.

Governance Resolutions

Shareholders approved the reappointment of Mr. Narendra Hira Advani as a director, who retires by rotation. Notably, two promoter shareholders holding 4,55,799 shares abstained from voting on this resolution, though it still passed with overwhelming support from other stakeholders.

The special resolution allowed Mr. Pankaj Rajnikant Ved to continue as Chairman and Non-Executive Independent Director despite attaining the age of 75 on June 2, 2027. This resolution received unanimous support from promoter group votes, with all 21,34,784 shares voted in favor.

Shareholder Participation

Promoter group shareholders held 21,34,784 shares (72.8% of total outstanding), while public non-institutional shareholders held 7,96,341 shares. Public institutions held no shares as per the record date.

For Resolution 1 (Financial Statements) and Resolution 3 (Chairman Continuation), promoters voted 100% of their shares in favor. For Resolution 2 (Director Reappointment), promoters polled 16,78,985 votes (78.6% of their holdings), with the remainder abstaining.

Public non-institutional shareholders showed consistent support across all resolutions, voting approximately 99.98% in favor for each item. Only 16 votes were cast against any of the resolutions across all categories.

Meeting Proceedings

The meeting was chaired by Mr. Pankaj Rajnikant Ved with all directors and key managerial personnel attending via video conference. Key attendees included Whole Time Director Mr. Anil Sugno Manghnani and CFO Mr. Radhakrishna Narayan Shenvi. Statutory auditors M/s B D G & Co LLP were represented by CA Nikhil Rathod.

Chairman Pankaj Rajnikant Ved highlighted that while large-cap stocks showed mixed movements, midcap, small-cap, and microcap names demonstrated strong traction. He noted that SIP inflows remained robust and foreign investors turned net buyers in the last two months of the fiscal year.