Daulat Securities AGM 2026: FY25 Accounts Approved

AGM held via VC from Kolkata registered office

Daulat Securities held its 33rd annual general meeting (AGM) on September 17, 2026. The proceedings were conducted through video conference (VC) or other audio-visual mode (OAVM), with the deemed venue being the company’s registered office in Kolkata. The notice cited the registered office address as 86, Canning Street, Kolkata-700001. The AGM was scheduled for 11 a.m., as disclosed in the company’s regulatory intimation.

The meeting was chaired by Mr. Ajit Kochar, Chairman and Whole Time Director. The format allowed shareholders to participate remotely and cast votes using electronic voting facilities. The company said voting was available through remote e-voting and voting during the meeting.

FY25 audited standalone financial statements approved

A key outcome of the AGM was shareholder approval of the audited standalone financial statements for FY25. The resolution was placed as an ordinary item of business and was approved.

The approval of audited accounts at the AGM is a routine but important corporate action, as it completes the shareholder review process for the year’s reported financial performance. It also aligns with the company’s disclosures under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Three ordinary resolutions and outcomes

Shareholders voted on three ordinary resolutions at the 33rd AGM. All three resolutions were approved.

The company stated that the reappointments were linked to directors retiring by rotation. The voting process was conducted through remote e-voting and voting during the meeting.

Managing Director resignation flagged during the AGM

The company update also referenced that Daulat Securities’ Managing Director Jitendra Kochar resigned at the 33rd AGM. Beyond the mention of the resignation, no additional details were provided in the supplied material on timing, reasons, or succession.

Attendance: directors and key management present

Daulat Securities disclosed a list of directors who attended the AGM. The directors named as present were:

• Jitendra Kochar, Managing Director
• Anamika Kochar, Whole Time Director
• Rohit Kumar Somany, Independent Director
• Dinesh Agarwal, Independent Director
• Prateek Bhansali, Independent Director

The company also recorded the attendance of Surya Prakash Lunia, Chief Financial Officer, and Eenasri Mitra, Company Secretary.

Book closure dates and shareholder eligibility

Ahead of the AGM, Daulat Securities announced book closure for its equity shares from September 11, 2026, to September 14, 2026. Shareholders registered in the company’s records during this period were stated to be eligible to attend and vote at the AGM.

The company also outlined detailed login procedures for e-voting through CDSL and NSDL for shareholders holding securities in demat mode, indicating the emphasis on remote participation.

SEBI filings: notice and annual report disclosed

Daulat Securities communicated that it had submitted the notice and annual report for the 33rd AGM pursuant to Regulations 30 and 34 of the SEBI LODR Regulations, 2015. The filing stated that the annual report covered the financial year ended March 31, 2026, and included the AGM notice sent to shareholders.

Separately, the company referenced that its Board of Directors, in a meeting held on August 14, 2026, approved the Board’s Report and the Secretarial Auditor’s Report for the financial year ended March 31, 2026. The board also appointed a scrutinizer for the AGM voting process and approved the draft notice, including the date, time, and venue, while considering the book closure date.

Financial snapshot: sharp swing in reported profitability

The supplied data included a large reported change in profitability. Daulat Securities reported FY26 net profit of INR 1.746 crore, sharply lower than INR 16.18 crore in FY25.

The company also reported a loss before tax (PBT) of INR 19.6 crore for FY26, compared with a profit before tax of INR 15.9 crore in the prior year.

Quarterly numbers cited alongside annual figures

Quarterly performance figures were also referenced. Daulat Securities posted a Q1 FY26 net profit of INR 227.0 crore, up 73% year on year, alongside a 66% jump in operating revenue to INR 246.3 crore.

For the quarter ended June 30, 2026 (Q2 FY26), the company reported net profit of INR 226.97 crore, compared with a net loss of INR 295.27 crore in the immediately preceding quarter and a profit of INR 130.95 crore in Q2 FY25.

Share price and business profile

The material cited Daulat Securities’ share price at INR 29 as of September 15, 2026 (05:12). The company is described as being engaged in investment banking and brokerage.

Market impact: what investors can take away from the disclosures

From a market-information perspective, the AGM outcomes were straightforward: approval of FY25 standalone accounts and reappointment of two directors by rotation. The more consequential datapoints for investors in the supplied text were the swing in annual profitability figures and the mention of the Managing Director’s resignation at the AGM.

The book closure window and the e-voting framework provide clarity on shareholder participation mechanics, especially for investors holding shares in demat form through CDSL or NSDL. Meanwhile, the SEBI LODR filings signal that the company has formally placed the notice and annual report on record as required.

Conclusion

Daulat Securities’ 33rd AGM on September 17, 2026, concluded with shareholder approval of FY25 standalone financials and the reappointment of Ajit Kochar and Anamika Kochar as directors. The company also disclosed book closure dates of September 11-14, 2026, and confirmed VC-based proceedings with e-voting. Investors will likely track subsequent disclosures for any further details following the reported resignation of Managing Director Jitendra Kochar and for updates tied to the company’s reported FY26 results and filings.