Titan Securities Limited Reports Q1 Results and Announces Key Appointments
Titan Securities Limited's Board approved Q1 financial results, with associates Titan Biotech and Peptech Biosciences contributing Rs. 274.16 lacs to net profit. The company appointed Mr. Amit Anand as Secretarial Auditor for five years, PGM & Associates as Internal Auditor for two years, and Mr. Pankaj Kumar Gupta as Scrutinizer for the 33rd AGM. These appointments aim to enhance corporate governance and compliance.
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Titan Securities Limited , a prominent player in the financial services sector, has recently disclosed its financial results for the first quarter and announced several key appointments. The company's Board of Directors convened on August 13 to approve these significant developments.
Financial Performance
The Board of Directors approved the standalone and consolidated unaudited financial results for the quarter ended June 30. While specific financial figures for Titan Securities Limited were not provided, the consolidated results revealed a noteworthy performance from its associate companies.
The Group's share of net profit after tax from its associates, Titan Biotech Limited and Peptech Biosciences Limited, amounted to Rs. 274.16 lacs for the quarter. This figure also represents the total comprehensive income for the period, indicating a positive contribution from these associated entities to Titan Securities Limited's overall financial health.
Key Appointments
In addition to the financial results, the company announced several strategic appointments:
Secretarial Auditor: Mr. Amit Anand, a Practicing Company Secretary (M. No: 13409, C.P No: 17101), has been appointed as the Secretarial Auditor for a period of five consecutive years. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.
Internal Auditor: PGM & Associates, a professional chartered accountancy firm established in 2001, has been appointed as the Internal Auditor for a two-year term.
Scrutinizer for AGM: Mr. Pankaj Kumar Gupta (M. No: F6371, CP No: 19156), a Practicing Company Secretary, has been appointed as the Scrutinizer for the 33rd Annual General Meeting.
Professional Profiles
Mr. Amit Anand, the newly appointed Secretarial Auditor, is an Associate Member of The Institute of Company Secretaries of India (ICSI). He brings extensive experience in company law, SEBI regulations, and compliance management.
PGM & Associates, the new Internal Auditor, is known for its expertise in various financial services, including corporate finance, business valuation, risk management, and audit and assurance.
Compliance and Transparency
These appointments and financial disclosures align with Titan Securities Limited's commitment to regulatory compliance and transparency. The company has adhered to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in making these announcements.
The Board meeting, which commenced at 5:00 PM and concluded at 5:40 PM on August 13, marks a significant step in Titan Securities Limited's corporate governance and financial reporting practices for the new fiscal year.
Investors and stakeholders can access more detailed information about these developments on the company's official website.
Historical Stock Returns for Titan Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.41% | -4.64% | +11.88% | +16.75% | -1.03% | +454.04% |
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