Vertex Securities Limited has notified stock exchanges about the transmission of shares from a deceased promoter group member to her legal heir, following regulatory compliance under SEBI listing obligations.

Share Transmission Details

The company received intimation on February 23, 2026, regarding the transmission of shares held by a deceased member of the promoter group. The transmission involves the transfer of equity shares to the legal heir as per succession laws.

Promoter Group Changes

Following this transmission and in accordance with Regulation 31A(6) of the SEBI Listing Regulations, significant changes will occur in the promoter group composition. Late Smt C D Padmini Devi will cease to be part of the promoter group, while Ms. Sheila Satish Divakaran will now become part of the promoter group of the company.

The updated promoter and promoter group shareholding will be reflected in the shareholding pattern for the quarter ended March 31, 2026. This change represents a succession within the existing promoter group structure rather than an external acquisition.

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the disclosure is being made on a voluntary basis since the transmission does not trigger specific disclosure requirements under Regulation 29 of the SEBI (SAST) Regulations, 2011.

The transmission also does not materially impact the shareholding or control of the company under Regulation 30 of the Listing Regulations. The company has confirmed that complete details are available on its official website at www.vertexbroking.com for stakeholder reference.

Transwarranty Finance Limited has officially issued a postal ballot notice under Regulation 30 of SEBI Listing Regulations to seek shareholder approval for the appointment of Mr. Ashok Parumal Nawany as an Independent Director. The company sent the formal notice on January 05, 2026, to all registered shareholders for e-voting on special business matters.

Postal Ballot Timeline and Process

The company has established a comprehensive timeline for the postal ballot process, engaging National Securities Depository Limited (NSDL) to provide e-voting facilities. CS Yogesh Sharma (ICSI Membership No. FCS 11305) from M/s. Yogesh Sharma & Co has been appointed as the Scrutinizer to ensure fair and transparent voting.

Director Appointment Proposal

The postal ballot seeks approval through special resolution for Mr. Ashok Parumal Nawany's appointment as a Non-executive Independent Director for a five-year term. The Board of Directors had previously approved his appointment on November 05, 2025, based on the Nomination, Remuneration and Compensation Committee's recommendation.

Professional Background and Expertise

Mr. Nawany brings nearly four decades of leadership experience to the company, having been instrumental in the growth of Nawany Group. He has built a strong position in the industrial and commercial real estate sector with emphasis on quality construction and timely project execution. His key strengths include entrepreneurial leadership, strategic planning, relationship building, mentoring teams, and driving organizational clarity and discipline.

Regulatory Compliance and Eligibility

The company has confirmed that Mr. Nawany meets all regulatory requirements, including independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations. He is not debarred from holding directorship by SEBI or any other authority and meets the fit and proper criteria prescribed by the Reserve Bank of India.

Voting Process and Shareholder Eligibility

Shareholders whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of January 02, 2026, will be eligible to vote. The notice has been sent via email to all registered shareholders in compliance with MCA Circulars. The resolution requires approval through special resolution, and once the voting period concludes, the Scrutinizer will submit the report to the Chairman for results declaration within the prescribed timeline.