Sodhani Capital Limited has secured approval from the National Stock Exchange of India Limited (NSE) to operate as an Authorised Person of Prabhudas Lilladher Private Limited, marking a significant expansion into securities market operations. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NSE Approval Details

The approval, granted on January 29, 2026, authorizes Sodhani Capital Limited to commence operations across multiple trading segments. The company has been assigned NSE AP Registration Code AP0387094573.

Multi-Exchange Operations

While NSE approval has been secured, the company expects to receive approvals from other major exchanges shortly. The planned multi-exchange approach will provide comprehensive market access.

Target Exchanges:

• National Stock Exchange of India Limited (NSE) - Approved
• BSE Limited (BSE) - Approval expected
• Multi Commodity Exchange of India Limited (MCX) - Approval expected

Business Impact and Strategy

The appointment as Sub-broker/Authorised Person represents a strategic expansion into the securities and commodity market segment. This development enables Sodhani Capital Limited to diversify its revenue streams through share-based brokerage arrangements.

Regulatory Framework and Compliance

The company has entered into a Memorandum of Understanding with Prabhudas Lilladher Private Limited, which governs the terms of this appointment. All operations will be conducted in accordance with the regulatory framework prescribed by respective Stock Exchanges and SEBI.

Key Compliance Elements:

• Full adherence to SEBI regulations
• Compliance with stock exchange requirements
• Operational framework as per approved segments
• Regular reporting and disclosure obligations

The financial impact of this new business vertical will be reflected in the company's quarterly financial results going forward, with initial investments primarily directed towards operational infrastructure and regulatory compliance requirements.

Sodhani Capital Limited has successfully concluded its postal ballot process, with shareholders providing unanimous approval for the special resolution to alter the company's Memorandum of Association (MOA) for expanding into Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS) distribution business.

Postal Ballot Results

The remote e-voting process concluded on December 20, 2025, at 5:00 PM (IST), with the resolution achieving 100% approval from participating shareholders. Ms. Ruchika Gupta (ACS 72117), the appointed scrutinizer, confirmed that the special resolution was duly passed with the requisite majority.

Process Framework

The postal ballot was conducted entirely through remote e-voting facilitated by National Securities Depository Limited (NSDL). The cut-off date for determining eligible shareholders was November 14, 2025, with the company's total paid-up equity share capital standing at ₹7.94 crores divided into 79,44,998 equity shares of ₹10 each.

Approved Business Expansion

The approved amendments to the MOA include five new sub-clauses enabling Sodhani Capital to operate in the alternative investment distribution space:

New Business Objectives

1. Distribution Operations: Facilitate AIF schemes and PMS distribution through franchise models in India and International Financial Services Centres (IFSCs)
2. Strategic Partnerships: Collaborate with mutual fund companies, AIF managers, portfolio managers, and financial institutions
3. Revenue Generation: Receive commissions, fees, and remuneration from distributors and product providers under regulatory compliance
4. Platform Development: Establish digital and physical platforms connecting investors with authorized distributors
5. Comprehensive Services: Conduct marketing, investor education, onboarding, and relationship management

Regulatory Compliance

The expansion will operate under SEBI and IFSCA regulatory frameworks, with authorization to work with registered Asset Management Companies and Portfolio Managers. The Board of Directors and Company Secretary have been empowered to execute all necessary implementation actions, including filing requisite forms with regulatory authorities.

This unanimous shareholder approval positions Sodhani Capital to capitalize on growing opportunities in the alternative investment and wealth management sectors, opening new revenue streams while strengthening its financial intermediation services portfolio.