Amarnath Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/03/2026 ,inter alia, to consider and approve 1. To consider and approve ....
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Amarnath Securities Ltd has informed BSE that its Board of Directors will meet on Monday, March 5, 2026. The key agenda items include considering and approving a proposal to issue equity shares on a preferential basis (for cash and/or other than cash), and approving a Postal Ballot notice to seek shareholder approval. The Postal Ballot will cover: (1) the preferential share issue, (2) appointment of M/s. H K Shah & Co., Chartered Accountants as statutory auditors for a five-year period from FY 2025-26 to FY 2029-30, and (3) change in designation of Mr. Rajendrabhai Ramanbhai Patel from Additional Director to Whole-time Director (Executive) and Mr. Kaustubh Pramod Joshi from Additional Director to Independent Director (Non-Executive). The Board will also appoint a scrutinizer for the postal ballot process and fix the cut-off date for shareholder eligibility. Additionally, the trading window for dealing in the company's securities has been closed for designated persons in line with insider trading rules.
Shareholders should watch for the proposed preferential equity issuance, which could lead to dilution of existing holdings. The change of statutory auditors and designation changes for two directors also signal governance restructuring. Shareholders will get a chance to vote on these matters via postal ballot, so participation will be important for retail investors.