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.

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.

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.