Bridge Securities Limited has announced a postal ballot seeking shareholder approval for a special resolution to change the company name to Weorg Enterprises Limited. The notice, dated February 5, 2026, was submitted to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

Proposed Name Change Details

The company seeks to change its name from Bridge Securities Limited to Weorg Enterprises Limited, subject to approval from the Ministry of Corporate Affairs or other competent authority. The Board of Directors proposed this change at their meeting held on January 16, 2026, and subsequently received MCA approval for name reservation.

Business Activity Transformation

The name change reflects the company's significant business transformation. According to the auditor's certificate from M/s. Mitali Modi & Co., Chartered Accountants, the company has shifted from securities trading and brokerage to agricultural products commission business.

The auditor confirmed that 100% of the total revenue in the preceding one-year period has been generated from commission on agricultural products, meeting SEBI's requirement of at least 50% revenue from the new activity.

E-Voting Process and Timeline

The postal ballot will be conducted exclusively through remote e-voting via NSDL's platform. The company has appointed CS Jitendra Parmar, Proprietor of M/s. Jitendra Parmar & Associates, Company Secretaries, as the scrutinizer for the process.

Shareholder Participation

Only shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 30, 2026, are eligible to vote. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, and depositories NSDL and CDSL.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (LODR) Regulations, 2015, for the name change process. The auditor's certificate confirms compliance with Regulation 45 conditions, including the revenue threshold from new business activities and the one-year gap requirement since the last name change.

If approved by the requisite majority, the special resolution will be deemed passed on March 7, 2026, being the last date of e-voting. The results will be communicated to BSE Limited and made available on the company's website at https://bridgesecurities.in .

Bridge Securities Limited reported a significant decline in financial performance for the quarter ended December 31, 2025, with net profit falling 55.22% year-on-year. The company's Board of Directors approved the unaudited financial results during their meeting held on January 24, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's quarterly performance showed substantial weakness across key metrics compared to the same period last year:

Revenue from operations declined significantly to ₹42.26 lakhs in Q3FY26 from ₹75.23 lakhs in Q3FY25. The company's total expenses increased substantially to ₹9.81 lakhs compared to ₹2.65 lakhs in the corresponding quarter of the previous year, primarily driven by higher other expenses of ₹8.46 lakhs.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Bridge Securities continued to face challenges with declining profitability:

The nine-month results reflected similar trends with revenue declining 29.28% to ₹135.09 lakhs while expenses increased 23.90% to ₹18.92 lakhs, resulting in compressed profit margins.

Capital Structure and Warrant Conversion

Bridge Securities' paid-up equity share capital increased to ₹3,88,76,000 as of December 31, 2025, from ₹3,36,13,000 in the previous year, reflecting the conversion of warrants during the period. The company allocated 52,63,000 fully paid-up equity shares pursuant to conversion of warrants at ₹5.51 per share on October 10, 2025.

Fund Utilization Update

During Q3FY26, the company received ₹94,99,565 representing 32.76% of the total consideration as the fourth tranche from its preferential issue of convertible warrants. The funds raised totaling ₹2,89,99,130 have been utilized according to the original objects without any deviation:

The company confirmed no deviation in the utilization of funds raised through the preferential issue, with all proceeds deployed as per the stated objectives. Bridge Securities operates primarily in commission from agriculture activities as its single business segment.