Rajasthan Securities Limited has submitted the voting results for its 33rd Annual General Meeting (AGM) held on September 22, 2026. All three resolutions proposed at the meeting were passed, securing 99.9999% of the votes polled by public shareholders.

The meeting, conducted via video conferencing, was presided over by Chairman Ravindra Ramesh Maloo. The record date for e-voting was September 15, 2026, with 8,634 shareholders registered. While only 47 shareholders participated through video conference, remote e-voting facilitated by Central Depository Services (India) Limited (CDSL) saw significant participation from non-institutional public shareholders.

Voting outcome and resolution details

The scrutinizer's report confirms that all three business items received overwhelming support from the voting base. The total number of shares held by the voting category (Public-Non Institutions) was 76,873,800. Votes polled amounted to 65,610,325 shares, representing 85.3481% of the outstanding shares held by this category.

The breakdown of votes for each resolution is as follows:

No votes were cast by Promoters, Promoter Group, or Public-Institutions categories, as these groups did not participate in the e-voting process or attend via video conference.

Board appointments and governance

Two of the passed resolutions involved ordinary business: 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 in the notice but voted on as an ordinary resolution per the report structure, 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.

Director profiles and terms

The newly approved directors have been appointed for a term of five years. Ravindra Ramesh Maloo, who holds DIN 09417562, brings over 24 years of experience in the stock market, securities trading, and investment management. He previously served as Vice President and Regional Director at Anand Rathi Share and Stock Brokers Ltd. Since 2016, he has been engaged in trading and investment activities and serves as a Director at Maloo Commodities and Stock Trading Private Limited.

Deepa Kishor Piplikar, holding DIN 07941295, was re-appointed as a Non-Executive Non-Independent Director. She serves as a non-executive Women Director and is a member of the company's PoSH committee. Her profile highlights managerial skills and leadership quality gained through service on boards of several prominent companies. Neither director is related to any other directors of the company, nor are they debarred from holding office by SEBI or other authorities.

Performance overview and attendance

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 Company Secretary confirmed that there were no qualifications or adverse comments on the financial statements.

Remote e-voting was facilitated through CDSL, running from September 19 to September 21, 2026. Rupa Gupta of Gupta Rupa & Associates served as the scrutinizer. The final voting results have been disseminated to stock exchanges.

What the numbers show

A distinct pattern emerges when comparing physical attendance with electronic participation. While only 47 individuals attended via video conference, 64 folios cast votes through the remote e-voting platform. This indicates that a significant portion of the voting power exercised was done so asynchronously prior to the live meeting. The near-unanimous vote share (99.9999%) suggests strong alignment among participating retail shareholders, with negligible dissent represented by just 49 votes against across all three resolutions.

Rajasthan Securities Limited board approved a ₹40 crore corporate guarantee and direct loan to its wholly owned subsidiary, RSL Securities Private Limited. The decision, taken on September 23, 2026, facilitates business loan facilities for the subsidiary.

The corporate guarantee is provided in favour of Neuzen Finance Private Limited to support borrowings by RSL Securities Private Limited. The total aggregate amount of the guarantee and loan stands at ₹40 crore. The board meeting commenced at 5:30 pm and concluded at 7:10 pm on the same day.

Transaction details

The approval was based on the recommendation of the Audit Committee. The transaction involves providing financial support to a 100% owned subsidiary. The company disclosed that the promoter group does not have any interest in this transaction, ensuring it is conducted at arm's length.

Impact on listed entity

The company stated that the corporate guarantee constitutes a contingent liability. As the beneficiary is a wholly owned subsidiary, the management asserted that there is no immediate impact on the listed entity's financial position. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.