Aravali Securities & Finance Ltd holds 46th Annual General Meeting, Approves Financials and Director Appointments
Aravali Securities & Finance Limited held its 46th Annual General Meeting (AGM) on Saturday, July 04, 2026. The meeting was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The AGM commenced at 12:00 noon and concluded at 12:28 p.m.The board members in attendance included Ms. Chandra Lekha Poddar, Additional Director and Chairperson; Mr. Subhash Chand, Independent Director; Mr. Rakesh Bhartia, Independent Director; Mr. Tara Chand Sagar, Independent Director; Mr. Shiv Poddar, Additional Director; Ms. Malvika Poddar, Director; Mr. Ved Prakash Arya, Independent Director; Mr. Naresh Kumar Magoo, Managing Director, and Mr. Sushil Kumar, Chief Financial Officer.
The proceedings commenced after the Chairperson introduced the directors and reviewed the notice convening the AGM, which along with its Explanatory Statement had been circulated to all members. The company also maintained transparency by ensuring that Members who did not cast their vote through e-Voting were permitted to vote on poll at the meeting.
During the AGM, the management presented and transacted several ordinary and special business items:
| Item No. | Business Description | Type of Resolution | Outcome |
|---|---|---|---|
| 1 | Receiving and adopting Audited Financial Statements for the Financial Year ended March 31, 2026, including the Balance Sheet, Statement of Profit & Loss Account, Statement of Cash Flow, and reports of the Board and Auditors. | Ordinary | Passed with requisite majority |
| 2 | Considering and appointing a director in place of Ms. Malvika Poddar, who retires by rotation and offers herself for re-appointment. | Ordinary | Passed with requisite majority |
| 3 | Appointment of Mrs. Chandra Lekha Poddar as a Non-Executive and Non-Independent Director through a Special Resolution. | Special | Passed with requisite majority |
| 4 | Appointment of Mr. Shiv Poddar as a Non-Executive and Non-Independent Director through an Ordinary Resolution. | Ordinary | Passed with requisite majority |
Members were given ample opportunity to share their views and ask questions regarding the agenda items, which were answered satisfactorily by the Chairperson.
The Company Secretary informed attendees that the results of both remote e-voting and the voting conducted at the AGM would be announced within two working days from the meeting's conclusion.
Following the successful conclusion of all business matters, the Chairperson thanked the Members for attending the 46th AGM, concluding the meeting as planned.
Stock Price Movement
Aravali Securities & Finance Ltd shares settled at ₹4.12 on Friday, down 3.74% from the previous close. The stock experienced a trading range between a low of ₹4.12 and a high of ₹4.40 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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