Enclosed is the proceedings of 31st Annual General Meeting held on 26-Aug-2025
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Elixir Capital held its 31st AGM on 26 August 2025 via video conferencing, lasting about 27 minutes (10:10 a.m. to 10:37 a.m.), with all directors, the statutory auditor, and the secretarial auditor in attendance. The company is a share trading and investment firm whose results track market performance; net profit fell from Rs. 15.60 crore to Rs. 9.33 crore in FY25 due to mark-to-market losses in Q4, but rebounded to a Rs. 2.72 crore profit in Q1 FY26 from a Rs. 6.26 crore loss. Management highlighted diversification moves including a mutual fund distribution business in its subsidiary (live on WhatsApp) and a YouTube channel 'Paisa Smart' with 1.16 lakh subscribers, aiming to evolve into a full financial services group. The board declared a 12.5% dividend (Rs. 1.25 per equity share) for FY25, and shareholders approved re-appointment of Dipan Mehta and statutory auditors JMT & Associates, along with the induction of Manori Shah as an Independent Director.
The 12.5% dividend offers a modest income return, while the strategic push into fintech distribution and content (YouTube/WhatsApp) signals a long-term diversification story beyond trading volatility. The Q1 FY26 turnaround from loss to profit is a positive near-term signal, though earnings remain exposed to broader market swings.