Share India Securities Limited appointed Kalpesh Dave as President-Wealth Management and classified him as a Senior Management Personnel of the company. The appointment is effective from October 12, 2026.

The Board of Directors approved the appointment via a resolution passed through circulation on October 12, 2026, at approximately 11:32 am. The disclosure was made to BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional background

Dave brings over two decades of leadership experience in banking and wealth management. He has held senior roles at L&T Private Banking, Aditya Birla Wealth, Kotak Mahindra Bank, and ICICI Bank. As a founding team member of InCred Wealth, he helped scale the business to over USD 1.2 billion in assets.

His expertise spans wealth management, business development, and client servicing, with a focus on HNI, UHNI, and NRI clients.

Appointment details

Since Dave is in whole-time employment with the company, a specific term of appointment is not applicable.

Share India Securities concluded its 32nd Annual General Meeting on September 29, 2026, with shareholders approving key financial and governance matters. The meeting, conducted via video conferencing, saw the adoption of standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026.

Dividend approvals

Shareholders confirmed the payment of an interim dividend of ₹1.10 per equity share of face value ₹2 each during FY26. Additionally, they declared a final dividend of ₹0.50 per equity share for the same period. These payouts represent the company's commitment to returning value to investors for the completed fiscal year.

Leadership continuity

The meeting addressed several re-appointments to ensure leadership stability. Mr. Parveen Gupta, Chairman & Managing Director, and Mr. Kamlesh Vadilal Shah, Managing Director, were both re-appointed as they retired by rotation and offered themselves for re-election. Mr. Gupta was also specifically re-appointed as Managing Director under special business resolutions for a term of five consecutive years, effective from July 21, 2027, to July 20, 2032.

Other significant governance decisions included:

• Re-appointment of Mr. Sachin Gupta as Whole-time Director for a period of five consecutive years, effective from July 21, 2027, to July 20, 2032.
• Continuation of Mr. Yogesh Lohiya as Non-Executive Independent Director post attaining age 75.
• Approval of limits for loans, guarantees, and investments under Section 186 of the Companies Act, 2013.
• Authorization to create security on present and future properties in favour of lenders under Section 180(1)(a) of the Companies Act, 2013.

The company confirmed that Mr. Parveen Gupta, Mr. Sachin Gupta, and Mr. Yogesh Lohiya are not debarred from holding the office of Director by virtue of any SEBI order or other statutory authority.

Voting results declaration

The company formally submitted the compliance report and voting results to BSE and NSE on October 1, 2026. The consolidated Scrutinizer's Report, prepared by Mr. Naveen Kumar of M/s N. Kumar & Associates, confirmed that all ten resolutions specified in the Notice of AGM were passed with the requisite majority.

The voting process involved remote e-voting from September 26 to September 28, 2026, and e-voting during the live session on September 29, 2026. A total of 71,645 shareholders were on record as of September 22, 2026. During the meeting, 14 promoter group members and 70 public shareholders attended via video conferencing, while 3 members cast votes directly during the session.

Key resolution outcomes

The following table summarizes the voting percentages for the primary resolutions:

For resolutions involving interested parties, such as the re-appointment of directors, votes cast by related parties were classified as invalid under SEBI Listing Regulations. For instance, in the re-appointment of Mr. Parveen Gupta, 19,347,935 votes were classified as invalid due to related party status. Similarly, 3,438,660 votes were invalidated for Mr. Kamlesh Vadilal Shah's re-appointment.

Meeting proceedings and compliance

Mr. Parveen Gupta presided over the meeting, which commenced at 4:30 pm and concluded at 5:12 pm. Mr. Vikas Aggarwal, Company Secretary & Compliance Officer, managed the procedural aspects. The Annual Report, including Board and Statutory Auditors' reports, was taken as read. Notably, there were no qualifications, reservations, or adverse remarks in the Statutory Auditors' Report or Secretarial Auditors' Report for FY26.

Remote e-voting was available from September 26, 2026, to September 28, 2026. While six shareholders registered to speak at the AGM, none were present during the live session. Voting results are to be declared on the company website and stock exchanges as per statutory requirements.