Submission of Annual report for the year ended 31st March 2025
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Stellant Securities (India) Ltd has submitted its Annual Report for the financial year ended 31st March 2025 to BSE, along with the notice for its 34th Annual General Meeting (AGM) scheduled for Friday, 29th August 2025 at 9:00 a.m. at the company's registered office in Nariman Point, Mumbai. Shareholders will vote on key items including adoption of audited FY25 financial statements, re-appointment of Whole-time Director Mrs. Mangala Rathod for 3 years, appointment of Mr. Jaydeep Pandya as Independent Director for 5 years, and appointment of a new Secretarial Auditor for FY26-FY30. The most significant proposals are a bonus share issue in a 4:1 ratio (4 new shares for every 1 held), to be funded by capitalizing up to Rs. 2,96,19,200 from free reserves, and a major amendment to the company's Objects Clause to expand into NBFC (non-banking financial company), lending, holding/investment, and advisory services businesses. Adoption of a new set of Articles of Association aligned with the Companies Act, 2013 is also on the agenda.
For shareholders: The 4:1 bonus issue rewards existing investors with more shares, though the share price will adjust downward proportionally on the record date. More importantly, the proposed change in the Objects Clause signals a strategic pivot from a securities business toward NBFC and lending activities, which is a material change in business direction that warrants close attention. Shareholders should review the resolutions carefully before voting at the AGM on 29 August 2025.