Pune E-Stock Broking has approved its directors' report for the financial year ended March 31, 2026, and fixed the record date for dividend entitlement. The board held its meeting on August 18, 2026, at the registered office in Pune.

Key Dates and Approvals

The board approved Thursday, September 3, 2026, as the record date for determining member entitlement to receive dividends for FY26. This is subject to the declaration of dividend by members at the ensuing Annual General Meeting (AGM).

The company will convene its 19th AGM on Thursday, September 10, 2026, at 12:00 pm. The meeting will be held through Video Conferencing or Other Audio Visual Means (VC/OAVM), in accordance with the Companies Act, 2013, and Secretarial Standard-2.

Register Closure and Voting

The register of members and share transfer will remain closed from September 4, 2026, to September 10, 2026, both days inclusive. This closure facilitates the preparation of the list of shareholders eligible to vote at the AGM.

The cut-off date for determining voting rights via remote e-voting or at the AGM is also set for September 3, 2026. Bigshare Services Private Limited has been appointed to provide electronic voting and VC/OAVM facilities. M/s. Shailesh Indapurkar & Associates, Company Secretaries, Pune, was appointed as the scrutinizer for the voting process.

Director Remuneration

The board approved the remuneration package for Mr. Ronak Jhaveri, Whole-Time Director, subject to member approval at the AGM. The appointment covers the period from May 13, 2026, to May 12, 2031.

The consolidated remuneration includes salary, allowances, perquisites, and other benefits. The terms are subject to Sections 196 and 197 of the Companies Act, 2013, and Schedule V thereto.

Pune E-Stock Broking has reshuffled its boardroom leadership, accepting the resignation of Madanlal Shantilal Jain as an Independent Director and simultaneously appointing Viral Patel as an Additional and Independent Director effective August 05, 2026. The changes were formalized during a Board meeting held in Pune on that date. Mr. Jain’s departure is attributed to health reasons, while Mr. Patel’s appointment aims to integrate new strategic expertise into the company’s governance structure, specifically leveraging his background in financial strategy and risk assessment.

The Board accepted Mr. Jain’s resignation, which becomes effective at the close of business hours on August 05, 2026. In his resignation letter dated August 04, 2026, Mr. Jain cited health reasons for his departure and confirmed that there are no other material reasons beyond those stated. He does not hold directorships in any other listed entities. Concurrently, the Board appointed Mr. Patel, who brings experience from his role as a Director at Globance Fintech Private Limited. His profile highlights expertise in financial modeling, investment analysis, and project management, complemented by entrepreneurial leadership at Kisan Agro and Farmvale Psyllium.

Mr. Patel’s appointment is designated as a Non-Executive Independent Director for a term of five years, subject to shareholder approval at the ensuing Annual General Meeting. The Board verified that Mr. Patel satisfies the independence criteria prescribed under the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. He is not related to any existing director of the company and is not debarred from holding office by any regulatory authority, as confirmed under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Governance Adjustments

Consequent to Mr. Jain’s exit, the Board reconstituted the Corporate Social Responsibility (CSR) Committee. Mr. Jain previously served as the Chairman of this committee. The Board appointed Hemant Maniyar, an Independent Director of the company, as the new Chairman of the CSR Committee. This structural adjustment ensures that statutory committees remain fully functional and compliant with regulatory requirements regarding composition and leadership.

The disclosures were submitted to the Listing Department of BSE Limited by Ashwini Kulkarni, Company Secretary and Compliance Officer (ICSI Membership Number: A31274). The Board meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. All decisions were made in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.

What the Numbers Show

The simultaneous resignation and appointment indicate a planned transition rather than an abrupt departure, maintaining the count of Independent Directors without immediate dilution. The inclusion of a professional with fintech and financial modeling expertise suggests a focus on strengthening financial governance and strategic planning capabilities within the board. The five-year tenure aligns with standard regulatory norms for independent directors, providing stability while requiring eventual shareholder ratification.