Rajni Seth's stake rises to 5.52% via transmission

2 min read     Updated on 03 Jun 2026, 04:49 PM
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Reviewed by
Naman SScanX News Team
AI Summary

Promoter Rajni Seth increased her holding in My Money Securities Limited to 5.52% by acquiring 1,37,050 shares through transmission following the death of promoter Late Mr. Govind Narain Seth. The acquisition, exempt from open offer regulations, was intimated to BSE Limited on June 3, 2026, and will be reflected in the shareholding pattern for Q1FY27.

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Promoter Rajni Seth has increased her shareholding in My Money Securities Limited to 5.52% through the acquisition of 1,37,050 equity shares by transmission. The transfer, dated June 2, 2026, occurred consequent upon the demise of her husband, Late Mr. Govind Narain Seth, who was also a Promoter of the company. This change in shareholding crossed the 5% threshold, necessitating a disclosure to the stock exchange under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Change in Shareholding Details

The following table summarises the change in Mrs. Rajni Seth's shareholding before and after the transmission:

Particulars: Pre-Acquisition Post-Acquisition
Shares Held 7,90,300 9,27,350
Percentage of Paid-up Capital 4.70% 5.52%
Mode of Acquisition - Transmission
Date of Acquisition - June 2, 2026

Prior to the transmission, Mrs. Rajni Seth held 7,90,300 equity shares, constituting 4.70% of the paid-up equity share capital. Following the acquisition, her total holding stands at 9,27,350 equity shares. The total equity share capital of the company before and after the acquisition stood at 1,68,00,300 shares.

Regulatory Compliance and Exemption

The disclosure explicitly states that the acquisition was made by way of transmission and is exempt from the requirement of making an open offer in terms of Regulation 10(1)(g) of the SEBI (SAST) Regulations, 2011, being an acquisition by way of transmission, succession, or inheritance. The transaction was executed off-market due to the death of the promoter, and the disclosure clarifies that the acquisition does not involve any market purchase or sale of securities. Furthermore, it does not result in any change in the aggregate shareholding of the Promoter and Promoter Group of the company.

The company confirmed that the requisite disclosure was submitted to the Corporate Relationship Department of BSE Limited. The shares carry a face value of ₹10 each. The details of the change in holding were submitted in Form C to BSE Limited for necessary action and record-keeping.

Intimation to Exchange

In an intimation dated June 3, 2026, to the Corporate Relationship Department of BSE Limited, the company confirmed the transmission of shares from the deceased promoter to his legal heir. Consequently, Late Mr. Govind Narain Seth ceases to be a part of the Promoter Group with effect from the transmission. The shareholding pattern for the quarter ending June 30, 2026, shall reflect the updated and accurate promoter and promoter group shareholding.

Historical Stock Returns for My Money Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-6.56%-4.83%-7.17%-1.68%+63.30%+82.31%

How will the restructuring of the promoter group impact the company's strategic decision-making moving forward?

Will the remaining promoters look to increase their individual stakes to consolidate control following this reshuffle?

Could this change in shareholding trigger any realignment in the company's board composition or governance structure?

MyMoney Securities FY26 profit falls 39% to ₹4.20 crore

2 min read     Updated on 01 Jun 2026, 05:38 PM
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AI Summary

My Money Securities Limited reported a 39% decline in net profit to ₹4.20 crore for FY26, with total income dropping to ₹6.01 crore from ₹15.36 crore in the previous year. The board approved the audited financial results on May 30, 2026, and the company submitted the newspaper publication of these results to BSE on June 01, 2026. Revenue from operations for the year was ₹0.47 crore, while other income stood at ₹55.33 crore, contributing to the full-year performance.

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My Money Securities Limited reported a net profit of ₹4.20 crore for the financial year ended March 31, 2026, a decline of 39% from ₹6.89 crore in the previous year. The company’s total income for the year stood at ₹6.01 crore, down from ₹15.36 crore in FY25, primarily due to a substantial drop in revenue from operations and other income. The board of directors approved the audited financial statements for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The company subsequently submitted the newspaper publication of these audited standalone financial results to BSE Limited on June 01, 2026, confirming the publication in 'The Pioneer' newspaper.

The financial performance for the quarter ended March 31, 2026, showed a profit of ₹2.85 crore, compared to a loss of ₹2.26 crore in the same period last year. Revenue from operations for the quarter was negative at ₹0.22 crore, while other income contributed ₹32.80 crore. For the full year, revenue from operations was ₹0.47 crore, and other income stood at ₹55.33 crore. The company’s earnings per share (EPS) for the year was ₹2.50, compared to ₹4.10 in the previous year.

The board reappointed M/s B.B. Mathur & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The firm, founded in 1958, specializes in direct and indirect taxation and assurance services. Additionally, the board approved the reconstitution of various committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee, effective from May 31, 2026.

The statutory auditors, M/s Sharma Goel & Co. LLP, issued an audit report with an unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2026. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. Other income for the year included a net mark-to-market profit of ₹464.74 lakh on investments held by the company.

The company’s standalone assets and liabilities as of March 31, 2026, showed total assets of ₹322.36 crore, a slight decrease from ₹330.96 crore in the previous year. Equity share capital remained unchanged at ₹168 crore, while total equity stood at ₹307.81 crore. The cash flow statement revealed a net cash outflow of ₹2.71 crore for the year, primarily due to operating and financing activities, partially offset by cash inflows from investing activities.

Financial Results for FY26

Particulars Year Ended March 31, 2026 (₹ in Lacs) Year Ended March 31, 2025 (₹ in Lacs)
Revenue from Operations 47.71 1,471.11
Other Income 553.39 65.39
Total Income 601.10 1,536.50
Total Expenses 178.18 486.42
Profit for the Period 420.69 689.31
Earnings Per Share (Basic) 2.504 4.103

Historical Stock Returns for My Money Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-6.56%-4.83%-7.17%-1.68%+63.30%+82.31%

What strategic initiatives will My Money Securities undertake to reverse the 39% decline in net profit and restore operational revenue?

How sustainable is the company's reliance on other income and mark-to-market profits given the volatility in investment markets?

Will the management provide guidance on expected cash flow management to mitigate the net outflows observed in operating and financing activities?

More News on My Money Securities

1 Year Returns:+63.30%