Summit Securities Limited has informed the Exchange regarding Change in Director(s) of the company.
SUMMITSEC · price
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Summit Securities' board, at its April 29, 2026 meeting, approved audited financial results for Q4 and FY ending March 31, 2026, with statutory auditors DMKH & Co. issuing an unmodified opinion. On a standalone basis, FY26 profit after tax rose to ₹4,006.53 lakhs (vs ₹3,070.13 lakhs in FY25), with EPS at ₹36.75. Consolidated FY26 profit after tax climbed to ₹10,463 lakhs (vs ₹6,859.57 lakhs), with EPS of ₹95.98. However, total comprehensive income was deeply negative (standalone: ₹-95,103 lakhs; consolidated: ₹-1,31,144 lakhs) due to large fair-value markdowns on equity instruments held. The board also re-appointed Ms. Shweta Ratnakar Musale as Independent Director for a second 5-year term (Nov 10, 2026 to Nov 9, 2031) and appointed Mr. Pradeep Shashikant Pathare as Additional Independent Director for 5 years (May 12, 2026 to May 11, 2031), both subject to shareholder approval.
Profitability improved meaningfully year-on-year on both standalone and consolidated bases, but the huge negative OCI reflects sharp mark-to-market losses on equity investments, which will weigh on reported book value. The independent director changes are routine governance matters with no material operational impact.