BSEShree Securities LtdMediumNeutral
Announced Tue, 2 Jun · 16:41 IST

Proceedings of 32nd Annual General Meeting held on 02nd June, 2026

Board & Shareholder Meetings View source PDF

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AI summary

Shree Securities Limited held its 32nd Annual General Meeting on June 2, 2026, via video conferencing, lasting just 27 minutes from 12:00 PM to 12:27 PM. The meeting had 79 public shareholders in attendance out of a total 92,982 shareholders as on the cut-off date of May 26, 2026, with no promoter shareholders present. Members adopted the audited financial statements for FY ended March 31, 2025, and the Statutory and Secretarial Audit reports carried no qualifications. Three new Non-Executive Independent Directors were regularized: Mr. Smit Hasmukhbhai Rachhadiya, Mr. Kishankumar Dhirajlal Tilva, and Mrs. Dimpi Jatin Changela. A new Secretarial Auditor (M/s Kirti Sharma & Associates) was also appointed, and shareholders approved raising the FPI/FII shareholding limit to 49% of paid-up equity capital, along with expanded borrowing and investment thresholds under Sections 185 and 186 of the Companies Act. The e-voting results are expected to be announced by June 4, 2026.

Likely market impact

Routine AGM proceedings with no major surprises; the proposed increase in FPI/FII limit to 49% could make the stock more accessible to foreign investors, while the swift 27-minute meeting and absent promoters suggest a passive shareholder base for this small-cap stock.