My Money Securities Limited has announced the death of Mr. Govind Narain Seth, a promoter of the company, who passed away on January 6, 2025. The company informed BSE about this development on January 7, 2025, in compliance with Regulation 30 and 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Promoter Details and Shareholding

Mr. Govind Narain Seth held a significant stake in the company at the time of his demise. The following table provides details about his shareholding:

Regulatory Compliance and Impact

Following the promoter's death, My Money Securities Limited has outlined the regulatory implications and next steps. In accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015, Mr. Govind Narain Seth will cease to be part of the promoter and promoter group of the company.

The company has indicated that the transmission of his shareholding to the nominee will be processed as per standard procedures. Until the completion of this transmission process, the shareholding will continue to be shown in Mr. Seth's name.

Company Communication

The formal intimation was signed by Anjali Chopra, Company Secretary and Compliance Officer (M.No. A17495), on behalf of My Money Securities Limited. The company has requested BSE to take this information on record as part of its disclosure obligations.

My Money Securities Limited, with BSE scrip code 538862, operates in the stock and commodity broking sector and maintains its registered office in Delhi with an additional office in Mumbai.

My Money Securities Limited, a financial services company, has reported a significant downturn in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 14, reveal a net loss of Rs 17.73 lakh for the quarter ended June 30, marking a stark contrast to the profit of Rs 1,041.25 lakh recorded in the same quarter of the previous year.

Financial Highlights

• Revenue: The company's revenue from operations stood at Rs 34.37 lakh for the quarter.
• Total Income: Including other income of Rs 52.05 lakh, the total income amounted to Rs 86.42 lakh.
• Expenses: Total expenses for the quarter were Rs 158.63 lakh, significantly higher than the total income.
• Loss per Share: The earnings per share (EPS) declined to negative Rs 0.46, compared to positive Rs 6.20 in the corresponding quarter last year.

Key Factors Affecting Performance

The company's financial results were notably impacted by:

1. Market Volatility: Other expenses included a substantial mark-to-market loss of Rs 101.52 lakh on investments held by the company, indicating significant market fluctuations.
2. Operational Challenges: The revenue from operations at Rs 34.37 lakh shows a considerable decrease compared to the previous year's performance.

Comparative Analysis

The table clearly illustrates the significant year-over-year decline across all major financial metrics.

Management Commentary

While specific management comments were not provided in the financial release, the dramatic shift from profit to loss suggests that My Money Securities faced challenging market conditions and potentially adverse investment outcomes during the quarter.

Auditor's Review

Sharma Goel & Co. LLP, the company's statutory auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

Investor Considerations

Investors and stakeholders should note the volatility in the company's performance and the significant impact of market-to-market losses on investments. The company's ability to navigate market uncertainties and improve operational efficiency will be crucial factors to watch in the coming quarters.

My Money Securities Limited continues to operate in a dynamic financial environment, and future performance will likely depend on both market conditions and the company's strategic responses to these challenges.