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KBS India Limited has filed its 39th Annual Report along with the AGM notice for FY 2024-2025. The 39th Annual General Meeting is scheduled for Saturday, September 20, 2025 at 12:30 PM via video conferencing. Key business to be transacted includes: (1) adoption of audited financial statements, (2) re-appointment of Mrs. Namita Tushar Shah as Director (retiring by rotation), (3) a special resolution to issue up to 2,50,000 6% Non-Convertible Redeemable Preference Shares of Rs. 100 each (aggregating Rs. 2.5 crore) on a preferential basis to promoter Mr. Tushar Shah to fund working capital for new activities, and (4) approval of related party transactions with directors including brokerage received, remuneration, rent paid, and salaries. During the year, two independent directors (Mr. Vinod Bapna and Mrs. Sanjeevlata Samdani) resigned and Mr. Ashwini Ramakant Gupta was appointed as Independent Director. The company operates in online retail brokerage, depository participant services and NSE F&O trading.
The Rs. 2.5 crore preferential issue of preference shares to the promoter signals promoter commitment and capital infusion for new business activities, though it is a small, dilutive instrument and not equity. Shareholders should review the related party transactions (remuneration and rent to directors) and vote accordingly at the AGM. Overall, the filing is a routine compliance submission with no material earnings surprise — actual financial performance details are embedded in the attached annual report.