Aravali Securities & Finance Ltd holds 46th AGM; Key appointments and financial statements adopted
Aravali Securities & Finance Ltd held its 46th Annual General Meeting (AGM) on Saturday, July 04, 2026. The meeting, conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), commenced at 12:00 noon and concluded at 12:28 p.m.The AGM was attended by members, including Ms. Chandra Lekha Poddar (Additional Director & Chairperson), Mr. Subhash Chand (Independent Director), Mr. Tara Chand Sagar (Independent Director), Mr. Shiv Poddar (Additional Director), Ms. Malvika Poddar (Director), Mr. Naresh Kumar Magoo (Managing Director), and Chief Financial Officer Sushil Kumar.
The Company Secretary, Aakanksha Jaiswal, conducted the proceedings. During the meeting, members were given an opportunity to share their views and ask questions, which were answered by the Chairperson. The Chairman noted that the Board had appointed Mr. Gaurav Arora, a Practicing Company Secretary, as the 'Scrutinizer' for conducting e-Voting in a fair manner.
The proceedings covered four items of Ordinary Business, all of which were passed with requisite majority.
Key resolutions and business transacted at the 46th AGM include:
| Item No. | Subject Matter | Type of Resolution | Status |
|---|---|---|---|
| 1 | Receiving and adopting the Audited Financial Statements for the Financial Year ended March 31, 2026, including the Balance Sheet, Statement of Profit & Loss Account, and Cash Flow Statement. | Ordinary | Passed with requisite majority |
| 2 | Considering and re-appointing Mrs. Malvika Poddar in place of her retirement by rotation. | Ordinary | Passed with requisite majority |
| 3 | Appointment of Ms. Chandra Lekha Poddar as a Non-Executive and Non-Independent Director, requiring a Special Resolution. | Special | Passed with requisite majority |
| 4 | Appointment of Mr. Shiv Poddar as a Non-Executive and Non-Independent Director. | Ordinary | Passed with requisite majority |
The meeting concluded after the Chairperson thanked the members for their attendance. The Company Secretary announced that the results of remote e-voting and e-voting conducted at the AGM would be communicated within two working days of the conclusion of the meeting.
Stock Price Movement
Aravali Securities & Finance Ltd settled at ₹4.12 on Friday, as shares struggled downward after slipping 3.74%.The stock traded throughout the day, hitting a high of ₹4.40 but completing the session near its intraday low of ₹4.12.
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