Pune E-Stock Broking shareholders unanimously approved all nine resolutions at its 19th annual general meeting held on September 10, 2026. The company declared a dividend of Re. 1 per equity share for FY26.

The meeting, conducted via video conferencing, saw 100% support across all agenda items. Shareholders representing 8,198,910 votes cast ballots exclusively through remote e-voting, with no votes recorded against any resolution.

What the Numbers Show

The voting data reveals a distinct concentration of participation among promoter group shareholders. While the promoter group holds 8,049,589 shares, it cast 77,49,589 votes, accounting for 94% of the total votes polled. In contrast, public institutional shareholders holding 2,069,321 shares did not cast any votes, and non-institutional public shareholders contributed only 449,321 votes. This indicates that the final outcome was driven almost entirely by the promoter block.

Key Resolutions Passed

The board of directors secured shareholder approval for the following key matters:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
• Declaration of a dividend of Re. 1 per equity share of face value ₹10 each.
• Re-appointment of directors Devendra Ramchandra Ghodnadikar and Saleem Yalagi who retired by rotation.
• Appointment of Ronak Jhaveri as Whole Time Director.
• Continuation of Ashokkumar Venilal Suratwala as Independent Director despite attaining the age of 75 years.
• Appointment of Hemant Maniar and Viral Patel as Independent Directors.

Voting Details

The remote e-voting period remained open from September 7 to September 9, 2026. The scrutinizer’s report confirmed that the voting process complied with Section 108 of the Companies Act, 2013 and SEBI LODR regulations. No invalid or abstained votes were recorded for any of the nine resolutions.

Pune E-Stock Broking concluded its 19th Annual General Meeting on September 10, 2026, reporting a 20% rise in standalone profit after tax to ₹18.07 crore for FY26. The board recommended a dividend of ₹1 per equity share.

The meeting, held via video conferencing, saw the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. Shareholders approved the reappointment of directors Devendra Ramchandra Ghodnadikar and Saleem Yalagi by rotation. The company also secured approval for the appointment of Hemant Maniar and Viral Patel as independent directors, and Ronak Jhaveri as a wholetime director.

Financial Performance

Standalone profit after tax increased from ₹15.05 crore in FY25 to ₹18.07 crore in FY26. Consequently, earnings per share (EPS) rose from ₹9.62 to ₹11.53. The company’s standalone net worth grew by 15.5% to approximately ₹148.78 crore.

At the consolidated level, profit after tax attributable to owners increased by 6.8% to ₹19.56 crore, up from ₹18.31 crore in the prior year. Consolidated net worth attributable to owners rose by 14.7% to ₹166.97 crore. Consolidated EPS improved to ₹12.48 from ₹11.70.

*Prior year figures derived from disclosed growth percentages and current year values.

What the Numbers Show

The divergence between standalone and consolidated growth rates highlights the contribution of subsidiaries to the group’s bottom line. While standalone profits surged 20%, consolidated profits grew at a more modest 6.8%, suggesting that subsidiary operations may have faced margin pressures or lower growth trajectories compared to the core broking business. However, the consistent expansion in net worth across both standalone (15.5%) and consolidated (14.7%) levels indicates strong capital retention and balance sheet strengthening across the entire group structure.

Strategic Outlook

Chairman Vrajesh K. Shah noted that the company is transitioning from a traditional broking organization to a diversified financial services platform. Key growth verticals include multi-commodity trading facility (MTF), wealth management, merchant banking, insurance distribution, market making, and International Financial Services Centre (IFSC) activities.

The board emphasized prudent leverage, disciplined proprietary exposure, and robust risk management as core principles for future growth. Technology investments will focus on digital onboarding, automation, and cyber resilience to enhance client experience and operational efficiency.

Governance and Compliance

The statutory auditor’s report contained no qualifications. The secretarial audit report included certain comments, which the board addressed in its report dated August 18, 2026, stating they have no impact on company functioning. CS Shailesh Indapurkar served as the scrutinizer for the e-voting process.