Twentyfirst Century Management Services Announces 40th AGM, Approves Remuneration Changes, and Confirms Related Party Transactions
Twentyfirst Century Management Services Limited announced on July 23, 2026, that its Board of Directors had considered and approved several key business items, including the remuneration structure for certain senior management. The company also provided the notice for its 40th Annual General Meeting (AGM) and presented comprehensive financial results for the fiscal year ended March 31, 2026.The AGM is scheduled to be held on Thursday, September 3, 2026, via Video Conferencing (VC) or other Audio Visual Means (OAVM).
Management Appointments and Remuneration Updates
During the board meeting, the company considered and recommended approvals regarding compensation for two of its directors:- Karthik Sundar Iyer: The Board recommended an increase in the remuneration payable to Mr. Karthik Sundar Iyer, Managing Director of the company, increasing it from Rs. 30 lacs per annum to Rs. 60 lacs per annum. This revised compensation is effective from April 1, 2026, until August 31, 2028, when his term concludes.
- Sundar Iyer: The Board also considered and recommended the continuation of the remuneration at Rs. 60 lacs per annum for Mr. Sundar Iyer, Whole-time Director and CEO, for a further period of three years, effective from April 1, 2026.
The company’s Board composition includes Mr. Sundar Iyer (Chairman & CEO), Mr. Karthik Sundar Iyer (Managing Director), and several Independent Directors: Ms. Dipti D. Sakpal, Mr. Balkrishna K Rai, and Mrs. Raghavan Suguna.
Financial Highlights for FY 2025-26
The company reported a significant financial performance transition during the year under review.Standalone Financial Results (in lacs):
| Metric | 31-Mar-26 | 31-Mar-25 |
|---|---|---|
| Profit/(Loss) before tax | (2,198.23) | 379.72 |
| Tax Expense | 0.00 | 94.04 |
| Profit/(Loss) after tax | (2,204.91) | (9.90) |
| Total Comprehensive Income | (2,671.45) | (1,037.46) |
Consolidated Financial Results (in lacs):
| Metric | 31-Mar-26 | 31-Mar-25 |
|---|---|---|
| Profit/(Loss) before tax | (2,395.89) | 1,951.27 |
| Tax Expense | 0.00 | 421.91 |
| Profit/(Loss) after tax | (2,404.74) | 1,233.77 |
| Total Comprehensive Income | (2,871.28) | 160.71 |
Related Party Transactions (RPTs)
The Board recommended and the company sought approval for several RPTs with related parties, which include the following:| Name of Related Party | Nature of Transaction | Value/Terms | Period |
|---|---|---|---|
| M/s. SI Investments And Broking Private Limited | Brokerage services (BSE & NSE) | Up to 150 lacs | April 2026 - March 2027 |
| M/s. Lubricants & Allied Products Mfg. Co. Pvt. Ltd. | Services as a business center | Rs. 23,000 per month plus statutory charges | April 2026 - March 2027 |
| M/s. Twentyfirst Century Shares and Securities Limited | Charges for business services rendered | Rs. 50,000 per month plus statutory charges | April 2026 - March 2027 |
| Mr. Sundar Iyer (Chairman & CEO) | Interest Free Short Term Loan | Borrowings up to 1000 lacs | April 2026 - March 2027 |
| Mr. Karthik Sundar Iyer (Managing Director) | Interest Free Short Term Loan | Borrowings up to 2000 lacs | April 2026 - March 2027 |
| M/s. Twentyfirst Century Shares and Securities Limited | Interest Free Short Term Loans | Borrowings up to 5000 lacs | April 2026 - March 2027 |
AGM Key Dates and Operational Details
The Annual General Meeting (AGM) focuses on approving the financial statements for FY 2025-26, reappointing Mr. Sundar Iyer as a Director who retires by rotation, revising the remuneration for Mr. Karthik Sundar Iyer, and approving various RPTs.Key Dates:
- Cut-off date for AGM Notice: July 24, 2026.
- Cut-off date for e-voting: August 27, 2026.
- Remote E-Voting dates: From August 31, 2026 (9:00 am) to September 2, 2026 (5:00 pm).
- Book Closure period: August 28, 2026, to September 3, 2026.
Financial Ratios Snapshot (FY 2025-26 vs FY 2024-25)
| Ratio | 31-Mar-26 | 31-Mar-25 | Variance (%) |
|---|---|---|---|
| Current Ratio | 0.84 | 1.76 | -52.58% |
| Debt-Equity Ratio | 0.63 | 0.33 | 90.24% |
| Return on Equity Ratio | -0.73 | 0.24 | -400.78% |
| Net Capital Turnover Ratio | -0.89 | 3.36 | -126.39% |
| Net Profit Ratio | 1.42 | 0.17 | 722.52% |
The company noted that its financial performance is highly dependent on the volatile nature of trading in the equity and derivative segments, with management focusing efforts on improving business through favorable capital market conditions. The Directors' Report provided a Market Outlook for FY 2026-27, noting that while long-term economic prospects remain positive, short-term volatility and global slowdowns present risks to investment activities.
21STCENMGM Stock Price Movement
Today, shares of 21st Century Management Services Limited edged higher to close at ₹36.39 after gaining 1.99%. The stock traded within a narrow range throughout the day, charting an intraday low of ₹35.7 against its high at ₹36.39.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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