Shareholders approve re-appointment of Managing Director and related party limit of ₹2 crores for FY 2026-27

At the 43rd AGM held on 28th September 2026, members approved the re-appointment of Mr. Vimal Kumar Sharma (DIN: 00954083) as Managing Director.

Mon 28 Sep 2026

MD Re-appointment

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

Related Party Transaction Limit

₹2 crores aggregate limit for FY 2026-27 with subsidiary

MD Experience

Over 35 years in securities market and financial investments

MD Shareholding

NIL

AGM Date

28th September 2026

What was approved

At the 43rd Annual General Meeting held on 28th September 2026, shareholders passed two items disclosed under Regulation 30 of SEBI LODR.

• Re-appointment of Mr. Vimal Kumar Sharma (DIN: 00954083) as Managing Director.
• Related party transactions with the subsidiary of the Company, with an aggregate limit of ₹2 crores for FY 2026-27.

About the Managing Director

• First appointed as Managing Director on October 13, 2020.
• Experience of over 35 years in the securities market and financial investments.
• Relationship with other KMP: None.
• Shareholding in the company: NIL.

The related party approval

The transactions are stated to be in the ordinary course of business and on an arm's length basis, under Section 188 of the Companies Act, Regulation 23 of SEBI LODR and Rule 6A. The company states the Audit Committee will review them quarterly, and disclosures will be made to the stock exchange and on the website under Regulation 23(9). Director/KMP interest is recorded as none, unless disclosed at the meeting.

How to read it

This is continuity at the top rather than a change of leadership, with the existing Managing Director continuing after shareholder approval. The related party limit sets a ceiling on dealings with the subsidiary for the financial year rather than confirming any specific transaction value already done.

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