Rajasthan Securities adopts FY26 results, appoints new director at 33rd AGM
- Rajasthan Securities Limited adopted its FY26 standalone financial statements at its 33rd AGM
- Ravindra Ramesh Maloo appointed as Non-Executive Non-Independent Director
- Only 47 out of 8,634 eligible shareholders participated via video conference
- Chairman cited revenue and EBITDA margin growth driven by a change in company object
*this image is generated using AI for illustrative purposes only.
Rajasthan Securities Limited held its 33rd Annual General Meeting (AGM) on September 22, 2026, via video conferencing. The company adopted its audited standalone financial statements for the fiscal year ended March 31, 2026, and approved key board appointments.
The meeting, which commenced at 2:00 pm and concluded at 2:45 pm, was presided over by Chairman Ravindra Ramesh Maloo. The record date for e-voting was September 15, 2026, with 8,634 shareholders registered. Only 47 shareholders participated through video conference, while no in-person or proxy attendees were recorded.
Board appointments and resolutions
The shareholders passed three resolutions during the meeting. Two were ordinary business items, including the adoption of financial statements and the re-appointment of Deepa Kishor Piplikar as a director liable to retire by rotation. The third resolution, categorized as special business, involved the appointment of Ravindra Ramesh Maloo as a Non-Executive Non-Independent Director.
During the discussion of Maloo's appointment, Managing Director Nikhilesh Khandelwal chaired the session due to Maloo's interest in the transaction. Khandelwal stepped down from the chair once the item was resolved, allowing Maloo to resume leadership of the meeting.
Performance overview
Chairman Maloo apprised members of the company's performance for FY26, highlighting growth in revenue, profitability, and EBITDA margins. He attributed these improvements to a change in the company's object. The Chairman also outlined future plans and thanked stakeholders for their contributions.
The Company Secretary confirmed that there were no qualifications or adverse comments on the financial statements. The audited reports were taken as read, having been circulated to members prior to the meeting.
E-voting and attendance details
Remote e-voting was facilitated through Central Depository Services (India) Limited (CDSL), running from September 19 to September 21, 2026. Rupa Gupta of Gupta Rupa & Associates served as the scrutinizer. The final voting results are scheduled for dissemination to stock exchanges within two working days of the AGM's conclusion.
| Category | Promoter Group | Public | Total |
|---|---|---|---|
| In Person | Not applicable | Not applicable | 0 |
| Proxy / Authorized Rep | Not applicable | Not applicable | 0 |
| Video Conference | 0 | 47 | 47 |
What the Numbers Show
A significant divergence exists between the total shareholder base and actual participation. While 8,634 shareholders were eligible as of the record date, only 47 individuals participated via video conference. This represents a participation rate of approximately 0.5%, indicating low retail engagement despite the statutory compliance measures.
Historical Stock Returns for Rajasthan Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | +1.21% | +4.04% | +66.67% | +54.80% | 0.0% |
How will the strategic shift in the company's object clause specifically impact its capital allocation and revenue diversification in FY27?
What specific governance measures is the board implementing to address the critically low 0.5% shareholder participation rate in future meetings?
Will the appointment of Ravindra Ramesh Maloo as Non-Executive Non-Independent Director lead to any changes in the company's related-party transaction policies?
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