Submission of Postal Ballot Notice - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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SKP Securities Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for material related party transactions with SKP Commodities Limited, a related party with common directors. The single ordinary resolution covers three transaction types: a recurring line of credit up to Rs. 5 crore daily closing balance (interest at 12% p.a.), receipt of brokerage and demat charges up to Rs. 5 lakh per annum, and payment of rent (Rs. 2.25 lakh/month) plus office maintenance (Rs. 0.25 lakh/month) aggregating Rs. 30 lakh per annum. SKP Securities' FY25 turnover was Rs. 36.33 crore, making the materiality threshold Rs. 3.63 crore, and these proposed transactions equal 14.73% of the listed entity's turnover and 442.83% of the related party's turnover. SKP Commodities shares common directors Naresh Pachisia and Nikunj Pachisia with SKP Securities, and the Pachisia family holds substantial stakes in both entities. E-voting runs from February 28, 2026 to March 29, 2026, with results expected by March 31, 2026.
This is a regulatory compliance exercise under SEBI LODR Regulation 23, as the cumulative transactions exceed the 10% materiality threshold. Related parties are barred from voting, so approval depends on institutional and non-promoter shareholders; routine passage is likely given the promoter family's controlling stake and the arm's-length nature of the transactions.