AGM approves related party transactions up to ₹2 crores and re-appointment of Managing Director

Related party transactions with the company's subsidiary, up to an aggregate limit of ₹2 crores for FY 2026-27, stated to be in the ordinary course of business and at arm's length, with quarterly Audit Committee review.

Mon 28 Sep 2026

Related Party Transaction Limit

₹2 crores for FY 2026-27 with subsidiary

Managing Director Re-appointment

Mr. Vimal Kumar Sharma (DIN: 00954083) re-appointed

MD First Appointment Date

October 13, 2020

MD Shareholding

NIL shares in the company

AGM Date

28th September 2026

What was approved

Members of the company, at the 43rd Annual General Meeting held on 28th September 2026, approved two resolutions.

Related party transactions

• Transactions to be entered with a related party described as a "Subsidiary of the Company".
• Aggregate limit of ₹2 crores for FY 2026-27.
• Nature stated as ordinary course of business and at arm's length.
• Regulatory basis cited: Section 188 of the Companies Act, Regulation 23 of SEBI LODR and Rule 6A.
• Oversight: quarterly Audit Committee review, with stock exchange updates and website posting under Reg 23(9).
• Director/KMP interest stated as None.

Managing Director re-appointment

• Mr. Vimal Kumar Sharma (DIN: 00954083) re-appointed as Managing Director.
• He was first appointed Managing Director on October 13, 2020.
• Experience stated as over 35 years in the securities market and financial investments.
• Relationship with KMP: None. Shareholding in the company: NIL.

How to read this

These are routine shareholder approvals taken at an AGM. The related party cap sets the outer ceiling on dealings with the subsidiary for the year; actual transactions may be lower. Continuity in the Managing Director role is maintained.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.