Khandwala Securities Limited has successfully appointed Mrs. Suzan Vakil (DIN: 11289012) as an Independent Director through a special resolution passed via remote e-voting postal ballot process. The process concluded on December 8, 2025, with overwhelming shareholder approval.

Key Highlights of the Appointment

• Approval Process: The resolution received 99.99% of valid votes cast in favor, with 139 shareholders participating and casting 9,410,710 total valid votes.
• Term: Mrs. Vakil's appointment is for five years, from September 11, 2025, to September 10, 2030.
• Expertise: Mrs. Vakil has over 15 years of experience as an Advocate and 9 years as a Solicitor, specializing in power, renewable energy, infrastructure, and commercial disputes.
• Educational Background: She holds LLB and B.Com degrees and became a solicitor from the Bombay Incorporated Law Society in 2016.

Board Committee Restructuring

Following Mrs. Vakil's appointment, Khandwala Securities has reconstituted its board committees:

Audit Committee

• Mr. Kalpen Shukla (Chairman)
• Mrs. Suzan Vakil (Member)
• Mrs. Bhagyashree Khandwala (Member)

Nomination and Remuneration Committee

• Mrs. Suzan Vakil (Chairman)
• Mr. Kalpen Shukla (Member)
• Mrs. Bhagyashree Khandwala (Member)

Stakeholders Relationship Committee

• Mr. Kalpen Shukla (Chairman)
• Mrs. Suzan Vakil (Member)
• Mr. Paresh Khandwala (Member)

Additional Information

The company has confirmed that Mrs. Vakil is not related to any other directors on the board and is not debarred from holding a directorship by any regulatory authority. Her appointment was initially recommended by the Nomination and Remuneration Committee and approved by the Board of Directors during a meeting held on September 11, 2025.

The board meeting where the initial decision was made commenced at 4:30 p.m. and concluded at 5:20 p.m. on September 11, 2025. Khandwala Securities has duly informed the stock exchanges of these developments in compliance with SEBI regulations.

With the successful completion of the postal ballot process, Mrs. Suzan Vakil's appointment as an Independent Director has now received the necessary shareholder approval, solidifying her position on the board of Khandwala Securities Limited.

Khandwala Securities Limited , a prominent player in the Indian financial services sector, has released its financial results for the second quarter of fiscal year 2026, revealing a challenging period for the company.

Financial Performance

The company reported a standalone net loss of Rs 24.33 lakhs for the quarter ended September 30, 2025, marking a significant shift from the profit of Rs 15.50 lakhs recorded in the same quarter of the previous year. This downturn in performance is further emphasized in the half-yearly results, with the company posting a standalone net loss of Rs 58.67 lakhs, compared to a profit of Rs 22.51 lakhs in the corresponding period last year.

Consolidated Results

On a consolidated basis, the picture remains similarly challenging. Khandwala Securities reported a net loss of Rs 24.37 lakhs for the quarter, contrasting with a profit of Rs 9.21 lakhs in the same quarter of the previous fiscal year. The half-yearly consolidated net loss stood at Rs 58.69 lakhs, a reversal from the profit of Rs 22.51 lakhs recorded in the first half of the previous financial year.

Revenue and Operational Highlights

Despite the overall loss, the company's revenue from operations showed resilience:

The company's revenue from operations saw a modest increase in Q2 FY2026 compared to the same quarter last year. However, there was a significant decrease in other income, which impacted the overall financial performance.

Segment Performance

Khandwala Securities operates in two main segments:

1. Investment/Stock Operations
2. Fee-based Operations

The fee-based operations segment showed improved performance in Q2 FY2026:

The fee-based operations segment turned around from a significant loss in the previous year to a profit in the current quarter, indicating some positive developments in this area of the business.

Management Commentary

The Board of Directors of Khandwala Securities Limited approved these unaudited financial results at their meeting held on November 10, 2025.

Looking Ahead

As Khandwala Securities grapples with the current financial headwinds, investors and market watchers will be keenly observing the company's strategies to return to profitability. The improvement in fee-based operations could be a positive sign for the company's performance in future quarters.

The company's ability to adapt to market changes, manage costs, and capitalize on growth opportunities in its core business segments will be crucial in determining its financial trajectory for the remainder of FY2026.