Summit Securities Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 07, 2025
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Summit Securities Limited has notified that its 28th Annual General Meeting (AGM) will be held on Thursday, August 7, 2025 at 11:30 AM IST via Video Conferencing. The cut-off date for e-voting eligibility is July 31, 2025, with remote e-voting open from August 4 to August 6, 2025. The agenda includes adoption of audited financial statements for FY 2024-25, re-appointment of Mr. Manish Jain (Non-Executive Director) who retires by rotation, and appointment of M/s. Parikh Parekh & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) at Rs. 1 lakh per annum plus taxes. Key financial highlights show standalone total income of Rs. 4,619.45 lakhs (down from Rs. 4,747.96 lakhs in FY24) and standalone profit after tax of Rs. 3,070.13 lakhs (down from Rs. 3,512.11 lakhs). Consolidated total income rose to Rs. 11,902.94 lakhs, while consolidated PAT fell to Rs. 6,859.57 lakhs from Rs. 7,573.02 lakhs. The board cited high market volatility, FPI selling, and geopolitical tensions as key headwinds for the year.
This is a routine AGM notice and does not directly affect share price. Shareholders should note the August 7, 2025 meeting date and ensure their email IDs are registered with the RTA (MUFG Intime) to receive the annual report and participate in e-voting. The decline in standalone PAT and the sharp drop in total comprehensive income reflect the impact of equity market volatility on the company's investment portfolio.