Standard Capital Markets Limited convened its 39th Annual General Meeting on September 29, 2026, where shareholders adopted the audited standalone and consolidated financial statements for FY26.

The meeting, held via Video Conferencing and Other Audio Visual Means, saw the approval of most agenda items, including director re-appointments and related party transactions. However, the voting process for the appointment of Krishnan as Managing Director could not be completed due to a technical failure in the electronic voting system.

Key resolutions passed

Shareholders transacted both ordinary and special business items during the session. The ordinary business included the adoption of financial reports and the rotation of directors, all of which were approved with overwhelming majorities.

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026: Approved with 99.96% of valid votes in favour.
• Re-appointment of Ghanshyam Prasad Gupta (DIN: 00287019) as director retiring by rotation: Approved with 99.84% of valid votes in favour.
• Re-appointment of Krishnan (DIN: 07034128) as director retiring by rotation: Approved with 99.84% of valid votes in favour.

Special business approvals

The special business agenda focused on governance changes and related party dealings. Shareholders approved transactions with specific entities for FY27. However, the resolution regarding the change in designation for one of the key directors was not voted upon effectively.

• Approval of material related party transaction with Titanium Unlisted Assets Private Limited for FY27: Approved with 99.94% of valid votes in favour.
• Approval of material related party transaction with Titanium Holding India Private Limited for FY27: Approved with 99.94% of valid votes in favour.
• Appointment of Krishnan as Managing Director, changing his designation from Executive Director: Voting process failed; no votes recorded.

Voting results summary

The scrutinizer's report, submitted by Nitika G & Associates, detailed the vote counts for each resolution. The promoter group held a significant stake but participated minimally in voting for most items, except where they were interested parties.

Technical glitch impacts MD appointment

A significant procedural anomaly occurred during the voting on Item No. 6. The scrutinizer's report explicitly stated that "due to a technical glitch in the electronic voting facility, shareholders were unable to cast their votes in respect of Item No. 6." Consequently, no votes were recorded for the appointment of Krishnan as Managing Director, and the resolution was not passed. This contrasts sharply with the high participation rates seen in other resolutions, where over 221 million votes were polled.

Meeting attendance details

The company disclosed attendance figures based on the record date of September 22, 2026. The meeting was conducted digitally in compliance with Ministry of Corporate Affairs and SEBI circulars.

Ms. Anshita Sharma, Executive Director, chaired the meeting. The Company Secretary confirmed that the Statutory Auditors' Report and Secretarial Audit Report contained no qualifications. Voting results are to be submitted to BSE Limited and displayed on the company website within two working days.

Standard Capital Markets Limited announced that Ram Gopal Jindal ceased to hold the position of Managing Director with effect from the close of business hours on September 29, 2026.

The cessation follows his resignation letter dated September 5, 2026. The company clarified that this change is limited to the Managing Director role and does not constitute a departure from the organization.

Continuation in executive capacity

Jindal will continue to serve as an Executive Director of the company. He remains a member of the Board of Directors, ensuring continuity in leadership despite the shift in designation. The resignation was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclosure timeline

The company stated that the initial disclosure regarding the resignation and its reasons was already communicated to the stock exchange via a letter bearing reference number SCML/2026-27/452 dated September 5, 2026. The current filing serves to formally record the effective date of cessation from the specific post of Managing Director.