Shree Securities Limited held its 32nd Annual General Meeting (AGM) on June 2, 2026, via video conferencing, where shareholders adopted the audited financial statements for the financial year ended March 31, 2025. The meeting, chaired by Managing Director Bhavya Dhiman, concluded at 12:27 P.M. at the company's Registered Office in Howrah, West Bengal. While the financials and director appointments were approved, resolutions seeking to increase borrowing powers and foreign investment limits were rejected.

Resolutions Passed

The members adopted the audited financial statements for FY25 along with the reports of the Board of Directors and auditors. The Statutory Auditors' Report and Secretarial Audit Report had no qualifications. Additionally, the regularization of the appointment of three non-executive independent directors—Mr. Smit Hasmukhbhai Rachhadiya, Mr. Kishankumar Dhirajlal Tilva, and Mrs. Dimpi Jatin Changela—was approved with a special majority. The company also secured approval for the appointment of M/s Kirti Sharma & Associates as Secretarial Auditor and the fixation of their remuneration.

Resolutions Not Passed

Shareholders voted against three key special resolutions. The proposal to approve loans, guarantees, or securities under Section 185 of the Companies Act, 2013 was not passed. Similarly, the resolution to increase the threshold for loans, guarantees, and investments under Section 186 of the Companies Act, 2013 was rejected. Furthermore, the motion to increase the limit for total shareholding of all registered Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) to 49% of the paid-up equity share capital did not receive approval.

Meeting Details

M/s. Vishakha Agrawal & Associates, Practicing Company Secretary, was appointed as Scrutinizer to supervise the voting process. The total number of shareholders as on the cut-off date of May 26, 2026, was 92,982, with 79 public shareholders present at the meeting. The results of the remote e-voting and voting at the AGM were disclosed to the Stock Exchanges and displayed on the company's website.

Shree Securities reported a 90.6% decline in net profit to ₹6.17 lakh for the financial year ended March 31, 2026, down from ₹65.73 lakh in the previous year. Revenue from operations rose 9.5% to ₹74.53 lakh from ₹68.08 lakh in FY25. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹25.22 lakh, compared to a net profit of ₹30 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at ₹26.82 lakh, a decrease from ₹21.26 lakh in the prior year period. The decline in quarterly profitability was primarily driven by a significant increase in expenses, which rose to ₹52.04 lakh from ₹3.18 lakh in the same quarter last year.

Financial Performance

The table below summarizes the financial performance for the quarter and year ended March 31, 2026:

Auditor's Observations

M/s. R. K. Kankaria & Co, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the standalone financial results. However, the auditors included an emphasis of matter paragraph regarding unsecured loans advanced by the company. The company has advanced unsecured loans aggregating to ₹3,15,00,000 to two parties, Shreeji Shipping and Siddhi Marine Services LLP, at a concessional interest rate of 4% per annum, which is lower than the prevailing bank rate.

Balance Sheet Highlights

The company's total assets increased to ₹1,826.62 lakh as of March 31, 2026, from ₹1,030.38 lakh in the previous year. Loans constituted a significant portion of the assets at ₹1,580.37 lakh, up from ₹908.23 lakh in FY25. Borrowings stood at ₹741.69 lakh as of March 31, 2026, compared to nil in the previous year. Equity share capital remained unchanged at ₹7,980 lakh.