Please find attached herewith the Chairman speech for the 86th AGM of the company held today i.e September 23, 2025 at 11.30 AM through video conference/other Audio Video means
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Modern Shares & Stockbrokers held its 86th AGM on September 23, 2025 via video conferencing. Chairman Pankaj Rajnikant Ved spoke about mixed market conditions in FY24-25, US tariff concerns, strong Indian GDP growth above 6.5%, and recent GST reforms. The Company reported a steep profit decline to Rs. 16.35 Lakhs in FY25 from Rs. 44.18 Lakhs in the previous year, citing reduced trading profit and higher employee benefit expenses. Taxation provision rose to Rs. 18.14 Lakhs from Rs. 14.72 Lakhs. The Board decided to skip dividend for FY25 and will reassess performance next year. Management expressed optimism about doing better in FY26 by focusing on the core brokerage business.
Shareholders face a negative short-term outcome with profits falling roughly 63% year-on-year and no dividend for FY25. The stock may see some pressure, though management's brokerage-focused growth plan and a wait-and-watch dividend stance could appeal to long-term investors if execution improves in FY26.