Shardul Securities has announced the book closure period for its 41st Annual General Meeting (AGM). The Register of Members and Transfer Registers will remain closed from September 19, 2026, to September 24, 2026, both days inclusive. This closure determines shareholder eligibility for voting at the upcoming meeting.

The company issued this intimation on September 2, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was addressed to the Bombay Stock Exchange by Company Secretary Daya Bhalia.

Meeting Details

The 41st AGM is scheduled for September 25, 2026, commencing at 12:00 pm. The meeting will be conducted through video conferencing or other audio-visual means, in compliance with SEBI Listing Regulations and MCA circulars permitting virtual meetings.

Shareholders holding shares in physical mode are requested to update their email addresses with the Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd. Those holding shares in demat form should update details with their respective depository participants.

Voting and Documents

The notice and annual report for the financial year 2025-26 will be sent electronically to members with registered email addresses. Physical copies are available upon request. The documents are also accessible on the company website and stock exchange portals.

Members have the option to cast their votes using the remote e-voting facility prior to the meeting or during the session.

Shardul Securities Limited has submitted an application to the Bombay Stock Exchange (BSE) to reclassify five entities from the 'Promoter and Promoter Group' category to the 'Public' category. The filing, dated August 17, 2026, follows the Board of Directors' approval of the reclassification request during its meeting on August 12, 2026. This procedural step advances the structural shift in ownership disclosure initiated by a family settlement within the Chaturvedi family.

The reclassification concerns Gagan Dinanath Chaturvedi, Shruti Gagan Chaturvedi, Mohini G Chaturvedi, Pradeep Sandeep Corporate Advisors LLP, and Kamvan Construction Private Limited. These entities previously held stakes in the company but sold their entire holdings to Shriyam Commodities Intermediary LLP as part of a memorandum of family settlement executed on July 16, 2026. The applicants confirmed they currently hold nil shareholding and exercise no control over the company's affairs.

The process is governed by Regulation 30 and Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The applicants have provided undertakings under Regulation 31A(3)(b), confirming they do not hold more than 10% of total voting rights, are not represented on the board, and do not act as key managerial personnel. They also certified that they are not wilful defaulters per Reserve Bank of India guidelines nor fugitive economic offenders.

Regulatory Compliance and Conditions

Upon reclassification, the applicants must maintain these conditions indefinitely. Restrictions on board representation and acting as key managerial personnel will apply for three years. The applicants emphasized that they were never involved in the day-to-day management or business operations of Shardul Securities Limited and have no right to appoint directors. The company stated it will keep the stock exchange informed regarding the status of the reclassification application in accordance with Listing Regulations.

What the Numbers Show

The complete divestment by the applicant group underscores a clean separation from the promoter circle, reducing potential related-party complexities. With zero shareholding retained, the financial and operational linkage between this subset of the Chaturvedi family and Shardul Securities Limited is formally severed, simplifying the corporate governance structure as per regulatory requirements.