Nam Securities Limited held its 32nd Annual General Meeting on September 30, 2026, at Kiran Farms, Sainik Farms, New Delhi, passing all three resolutions with an overwhelming majority.

Meeting overview

The meeting commenced at 10:30 am and concluded at 11:45 am. Kiran Goyal was elected as Chairman. As on the record date of September 23, 2026, the company had 938 total shareholders. Of these, 5 promoter and promoter group shareholders and 84 public shareholders attended in person or through proxy. No shareholders attended via video conferencing.

The remote e-voting period ran from September 27, 2026 (10:00 am) to September 29, 2026 (5:00 pm). Voting at the AGM venue was conducted by poll. Mayank Kapoor, Advocate, Delhi High Court (Enrollment No. D/3514/2020), served as Scrutinizer. The electronic votes were unblocked on September 30, 2026 after the AGM concluded, in the presence of two witnesses, Kailash Chand and Ombir Singh. The Scrutinizer's consolidated report was issued on October 1, 2026.

Key resolutions passed

All three resolutions were approved. The following table summarises the resolutions transacted:

Voting results

Across all three resolutions, the voting outcome was identical. The total votes polled stood at 4,962,820 out of 5,392,000 shares, representing a participation of 92.04% of outstanding shares. The detailed breakdown for each resolution is presented below.

For the public non-institutions category, e-voting accounted for 63 votes polled (53 in favour, 10 against), while poll votes totalled 918,757, all in favour. No invalid votes were recorded across any category for any resolution.

Scrutinizer and audit reports

The Statutory Auditors and Secretarial Auditors issued unqualified audit reports for the period under review. Divya Goyal, Director of the company, read out the Statutory Auditors' report to the members. The Scrutinizer's report, prepared pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, confirmed that all resolutions were passed with the requisite majority. The results are to be published on the company's website and the e-voting service provider's platform within the statutory period.

Nam Securities Limited reported a sharp decline in profitability for the financial year ended March 31, 2026, with net profit falling 62% year-on-year to ₹13.57 crore. The downturn was driven by heavy market fluctuations and lower trading volumes, which reduced total revenue by 39% to ₹4,053.11 crore.

The company’s Board of Directors concluded its meeting on September 5, 2026, approving the annual report and notice for the 32nd Annual General Meeting (AGM). The session will be held on September 30, 2026, at Kiran Farms, New Delhi, to transact ordinary and special business items.

Financial Performance Overview

The stock broking firm faced challenging market conditions during FY26, particularly in the final week of March 2026, when stock prices fell heavily due to oil scarcity and geopolitical tensions. This volatility wiped out major profits, impacting the bottom line significantly compared to the previous year.

Despite the decline in earnings, the company maintained a strong balance sheet with total assets at ₹1,179.45 crore. Cash and cash equivalents stood at ₹5.01 crore, while securities for trade increased to ₹677.71 crore from ₹504.85 crore in the previous year. The board deferred any dividend recommendation for FY26.

AGM Agenda and Governance Updates

The AGM will focus on adopting the audited financial statements and approving key personnel appointments. Mrs. Kiran Goyal, Managing Director, retires by rotation and offers herself for re-appointment.

A special resolution will seek shareholder approval for the appointment of Mr. Pradeep Kumar as Executive Director for a five-year term from May 27, 2026, to May 26, 2031. Kumar, who was initially appointed as an Additional Director in May 2026, brings over 18 years of experience in the securities market and holds multiple NISM certifications.

Other key appointments include:

• M/S Satya Prakash Garg & Co. as Statutory Auditor for five years.
• M/S N S & Associates as Secretarial Auditor for five financial years.
• Mr. Raj K Sri & Co as Internal Auditor.

What the Numbers Show

The divergence between revenue decline (-39%) and profit collapse (-62%) highlights the operating leverage inherent in the stock broking business. While revenue dropped significantly due to lower trading activity, fixed costs such as employee benefits (₹87.28 crore) and other expenses (₹79.02 crore) remained relatively stable, compressing margins further. The company’s decision to sell land assets worth ₹41.94 crore during the year suggests a strategic move to optimize asset utilization amidst subdued operational returns.