Promoter Pumarth Infrastructure Private Limited has disposed of its entire 33.16% stake in Premier Capital Services Limited through an off-market transaction. The sale, completed on September 11, 2026, transfers the promoter’s holding to a consortium led by Hitesh Kothari and his associated entities.

The transaction involves the transfer of 1,22,89,780 equity shares pursuant to a Share Purchase Agreement dated February 14, 2025. Following this disposal, Pumarth Infrastructure’s shareholding in the company has reduced to nil.

Transaction Details

The shares were acquired by three entities acting in concert:

The total equity share capital of Premier Capital Services remains unchanged at Rs. 3,70,60,920, divided into 3,70,60,920 equity shares of Rs. 1 each.

Regulatory Disclosure

Pumarth Infrastructure filed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with the BSE Limited. The filing confirms that the seller belongs to the promoter group and that the transaction was executed via off-market mode as per the terms of the SPA.

Premier Capital Services will hold its 43rd Annual General Meeting (AGM) on Wednesday, September 16, 2026, at 12:30 pm through Video Conference or Other Audio Visual Means (OAVM). The deemed venue for the meeting is the company’s registered office in Mumbai. The company has confirmed compliance with applicable provisions of the Companies Act, 2013, along with relevant circulars issued by the Ministry of Corporate Affairs and SEBI permitting virtual meetings.

Agenda Highlights

The ordinary business for the AGM includes receiving, considering, and adopting the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, shareholders will vote on the reappointment of Mrs. Sharda Manoj Kasliwal as a director. She retires by rotation at this meeting and, being eligible, offers herself for reappointment.

Mrs. Kasliwal holds a B.Com (Hons.) degree and has over 40 years of experience in accounts and broking within the financial services sector. She was appointed as a director on November 15, 2010. Currently, she holds no shares in Premier Capital Services but serves as a director in Pumarth Credit and Capital Limited, Pumarth Commodities Private Limited, and Pumarth Education Services Private Limited. Her directorship in Pumarth Infrastructure Private Limited ceased on April 18, 2025.

Special Resolution: Section 186 Approval

Under special business, the Board proposes a special resolution to seek member consent for granting loans, providing guarantees, or acquiring securities of other bodies corporate. This action falls under Section 186 of the Companies Act, 2013.

The proposed limit for these transactions is ₹15 crore. The Board stated that this facility aims to make optimum use of available funds and achieve long-term strategic objectives. Members may note that under Section 186, the company can exceed standard limits—defined as 60% of paid-up share capital plus free reserves and securities premium, or 100% of free reserves and securities premium, whichever is higher—with shareholder approval via special resolution.

None of the directors or Key Managerial Personnel are interested in this resolution, except to the extent of their shareholding in the company.

E-Voting and Logistics

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate e-voting. The cut-off date for determining voting eligibility is September 9, 2026. Remote e-voting will be available from Sunday, September 13, 2026, at 9:00 am until Tuesday, September 16, 2026, at 5:00 pm.

CS Dinesh Kumar Gupta, a practicing Company Secretary based in Indore, has been appointed as the scrutinizer for the e-voting process. The Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 16, 2026, inclusive.

Shareholders holding shares in demat mode can vote through their depository participant accounts or directly via the CDSL/NSDL e-voting systems. Physical shareholders must log in to the CDSL e-voting website using their folio number, PAN, and other registered details. The company emphasized that proxy appointments are not available for this virtual AGM, though corporate shareholders may appoint authorized representatives.