Rajasthan Securities has scheduled its 33rd Annual General Meeting (AGM) for September 22, 2026, to present audited financial results for FY26. The company reported a net profit of ₹8,099.41 lakh, a sharp increase from ₹701.39 lakh in the previous year, following its strategic pivot from gas distribution to securities trading.

The board will seek shareholder approval for the re-appointment of Mrs. Deepa Kishor Piplikar as a Non-Executive Director and the appointment of Mr. Ravindra Ramesh Maloo as a Non-Executive Non-Independent Director. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Financial Performance in FY26

The company’s total income surged to ₹13,271.21 lakh in FY26, compared to ₹823.26 lakh in FY25. This growth was primarily driven by income from operations and other investment-related gains. Earnings Per Share (EPS) rose to ₹10.54 from ₹0.91 in the prior year.

What the Numbers Show

Other income constituted approximately 54% of total revenue in FY26, highlighting the company's reliance on capital market investments rather than core operational sales. The significant jump in other income—up nearly ninefold year-on-year—indicates that the bulk of the profit surge stems from trading profits and capital gains rather than recurring operational business models.

Governance and Board Changes

The Board has recommended the re-appointment of Mrs. Deepa Kishor Piplikar, who retires by rotation. Additionally, shareholders will vote on the appointment of Mr. Ravindra Ramesh Maloo, who brings over two decades of experience in the securities market, including roles at Anand Rathi Share and Stock Brokers Ltd.

The company has also constituted a Risk Management Committee to oversee market volatility and liquidity risks associated with its new trading focus. The statutory auditors, M/s. Sanjay Chindaliya & Co., issued an unqualified opinion on the financial statements.

Key Dates for Shareholders

• AGM Date: September 22, 2026, at 2:00 pm IST
• Book Closure: September 16–22, 2026
• E-Voting Period: September 19–21, 2026
• Cut-off Date: September 15, 2026

Rajasthan Securities Limited has restructured its top leadership by splitting the combined role of Chairman and Managing Director into separate positions. The Board of Directors approved the appointment of Ravindra Ramesh Maloo as the company’s non-executive Chairman, while Nikhilesh Khandelwal will continue as Managing Director and CEO. The changes took effect on August 19, 2026.

The decision follows a recommendation from the Nomination and Remuneration Committee. By separating the executive and non-executive leadership roles, the company aims to enhance corporate governance structures. Mr. Khandelwal relinquished his title as Chairman but retains operational control as the executive head of the organization.

Leadership Changes

Mr. Maloo, who joined as an additional non-executive director on August 13, 2026, brings over 24 years of experience in securities trading and investment management. His professional background includes serving as Vice President and Regional Director at Anand Rathi Share and Stock Brokers Ltd from 2006 to 2016. Since 2016, he has been engaged in independent trading and investment activities, with a specialization in options trading.

Mr. Khandelwal, who joined Rajasthan Securities Limited in 2014, continues to oversee day-to-day operations. He holds a Bachelor of Commerce degree from Rashtrasant Tukdoji Maharaj University and has been instrumental in driving the company’s digital transformation and market expansion.

Committee Reconstitution

The Board also reconstituted the Nomination and Remuneration Committee to align with the new leadership structure. Mr. Maloo replaced Mr. Khandelwal as a member of the committee. The updated composition includes:

The appointments are subject to shareholder approval at the ensuing general meeting. Both directors have disclosed no relationships with other board members and are not debarred by SEBI or any other regulatory authority.