Siddha Ventures Limited appointed M/s. Vidhya Baid & Co as its Secretarial Auditor for a period of five years during the 35th Annual General Meeting held on September 28, 2026.

The appointment, effective from the conclusion of the meeting until the 40th AGM for FY31, follows the recommendation of the Audit Committee and approval by shareholders. The meeting was conducted via Video Conferencing and Other Audio Visual Means, with members also adopting the audited financial statements for the fiscal year ended March 31, 2026.

Key resolutions passed

The members approved several ordinary resolutions during the session. These included the appointment of directors and the adoption of annual reports. The specific agenda items are detailed below:

Details of secretarial auditor appointment

M/s. Vidhya Baid & Co, a firm of Company Secretaries with over 15 years of professional experience, was appointed pursuant to Section 204 of the Companies Act, 2013 and Regulation 30 of SEBI (LODR) Regulations, 2015. The firm specializes in Secretarial Audit, Due Diligence, and Corporate Compliance Management.

Ms. Vidhya Baid, the proprietor, is a Fellow Member of the Institute of Company Secretaries of India and a registered Insolvency Professional. The firm holds a valid certificate from the Peer Review Board of ICSI and serves as secretarial auditor for several listed companies.

Meeting proceedings and voting

The proceedings commenced at 10:32 am and concluded at 10:56 am. A total of 49 members attended the virtual meeting, including one representative from the promoter group and 48 public shareholders. Laxmipat Sethia, Chairman of the company, chaired the session.

Members raised queries regarding business performance and strategic plans, which management addressed directly. Voting was conducted through the NSDL e-voting platform. Remote voting opened on September 25, 2026, and closed on September 27, 2026. Attendees who did not vote remotely could cast their votes electronically during the meeting. Vidhya Baid & Co served as the scrutinizer to ensure a fair scrutiny process. The final voting results will be declared within 48 hours of the meeting's conclusion.

Siddha Ventures reported a net loss of ₹5.13 lakh for the financial year ended March 31, 2026 (FY26), a sharp improvement from the ₹24.15 crore loss recorded in FY25. The company’s total income fell 63% year-on-year to ₹1.35 crore, while total expenditure contracted by 95% to ₹1.40 crore.

The Kolkata-based trading firm convened its 35th Annual General Meeting (AGM) on September 28, 2026, via video conferencing. Shareholders approved the re-appointment of Mr. Pradeep Sethia as a director and appointed Ms. Chaitali Paul as an independent woman director for a five-year term.

Financial Performance

Revenue from operations declined to ₹1.07 crore in FY26 from ₹3.36 crore in the previous year. Other income stood at ₹28.12 lakh, primarily driven by interest on loans.

The significant reduction in losses was largely due to a decrease in "Changes in Value of Shares Traded," which fell to ₹79.30 lakh from ₹27.66 crore in FY25. Employee benefit expenses rose to ₹16.41 lakh from ₹6.00 lakh, while other expenses increased to ₹44.65 lakh from ₹9.26 lakh.

What the Numbers Show

The company’s operational scale has contracted significantly, with revenue dropping below ₹1.10 crore. However, the balance sheet remains debt-free, with total assets at ₹14.62 crore against negligible current liabilities of ₹91,000. Cash and cash equivalents increased to ₹31.78 lakh from ₹6.53 lakh, indicating improved liquidity despite lower trading activity.

Corporate Governance & AGM

The Board recommended no dividend for FY26, citing the need to conserve resources. Key governance updates include:

• Director Appointments: Ms. Chaitali Paul was appointed as Independent Woman Director until the 40th AGM. Mr. Pradeep Sethia was re-appointed by rotation.
• Auditors: M/s Damle Dhandhania & Co continues as statutory auditor. M/s Vidhya Baid & Co was appointed as Secretarial Auditor for five years.
• Shareholding: Promoter holding remained unchanged at 5.76%. Approximately 77.57% of shares are held in demat form.

The company operates primarily in trading quoted and unquoted equities. Management noted that the trading environment remains dynamic, with the firm focusing on prudent risk management and working capital discipline.