Summit Securities Limited shareholders have approved a key board reshuffle, appointing Pradeep Shashikant Pathare and re-appointing Shweta Ratnakar Musale as Non-Executive Independent Directors during the company’s Twenty-Ninth Annual General Meeting (AGM) held on July 30, 2026. The decisions, made via special resolutions, strengthen the independent oversight of the Mumbai-based securities firm as it navigates regulatory compliance and corporate governance requirements under SEBI guidelines.

The AGM, conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars, was chaired by Chairman Ramesh D Chandak. A total of 67 members attended the meeting virtually via WebEx and the National Securities Depository Limited (NSDL) webcast facility. The statutory auditors, M/s DMKH & Co., Chartered Accountants, and secretarial auditors, M/s Parikh Parekh & Associates, were present to address queries regarding their respective reports, which contained no qualifications or adverse observations.

Shareholders voted to appoint Mr. Pradeep Shashikant Pathare (DIN: 01449746) as a Non-Executive Independent Director for a term of five consecutive years, effective from May 12, 2026, to May 11, 2031. Mr. Pathare brings over 37 years of experience as a Strategic IT Leader, specializing in digital transformations, SAP ecosystems, and IT governance within regulated sectors. Concurrently, shareholders approved the re-appointment of Ms. Shweta Ratnakar Musale (DIN: 03280429) for a second five-year term, effective from November 10, 2026, to November 09, 2031. Ms. Musale is a seasoned Corporate Governance and Compliance professional with over 13 years of experience advising multinational corporations across real estate, financial services, and technology sectors.

In addition to the independent director appointments, the meeting transacted other routine business. Shareholders adopted the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the auditors and the Board of Directors. The members also re-appointed Mr. Hari Narain Singh Rajpoot (DIN: 00080836), Non-Independent Non-Executive Director, who retired by rotation in accordance with Section 152(6) of the Companies Act, 2013. All resolutions were passed with the requisite majority, as confirmed by the scrutinizer’s report.

Voting Results Summary

The voting process included remote e-voting from July 27, 2026, to July 29, 2026, and e-voting during the AGM. The record date for determining voting eligibility was July 23, 2026. The following table summarizes the voting outcomes for the key resolutions:

Governance and Compliance

The appointment and re-appointment details were disclosed pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Both directors affirmed they are not debarred from holding office by virtue of any SEBI order or other authority. M/s Parikh Parekh & Associates served as the scrutinizer for the e-voting process, issuing its consolidated report on July 30, 2026. The Company Secretary, Jiya Gangwani, confirmed that all procedural requirements under Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, were met. The full proceedings and voting results have been uploaded to the company website and the NSDL e-voting portal for public access.

Summit Securities Limited has scheduled its Twenty-Ninth Annual General Meeting for Thursday, July 30, 2026, at 03.00 p.m. IST. The meeting will be conducted through Video Conferencing and Other Audio-Visual Means without a physical venue, in compliance with the Companies Act, 2013 and relevant SEBI regulations. The company has dispatched the Annual Report for the financial year 2025-26 along with the Notice of the AGM electronically to members whose email IDs are registered with the company or its Registrar and Share Transfer Agents.

The voting rights of members will be determined based on their shareholding as on Thursday, July 23, 2026. Only members recorded in the Register of Members or the Register of Beneficial Owners maintained by the depositories as on this cut-off date are entitled to vote. The company has appointed M/s. Parkish Parekh & Associates, Company Secretaries, to act as the Scrutinizer for the e-voting process to ensure transparency.

Remote e-voting facilities will be available from Monday, July 27, 2026, at 08.00 a.m. IST until Wednesday, July 29, 2026, at 05.00 p.m. IST. Members can cast their votes by selecting the e-voting module EVEN-139647. Those who have not voted remotely may participate in e-voting during the AGM via the VC/OAVM facility, provided they are present at the meeting.

Members holding shares in physical form must register their email addresses with Computech Sharecap Limited by submitting Form ISR-1 to receive the Annual Report and e-voting credentials. Shareholders holding shares in dematerialized form should update their email addresses with their respective Depository Participants. The Annual Report and Notice are also available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

The Scrutinizer's Report detailing the voting results will be consolidated and made available on the company's website and NSDL's e-voting portal immediately after the conclusion of the AGM. The results will also be communicated to the stock exchanges simultaneously.

Key AGM Dates