Summit Securities Limited has announced that its Twenty-Eighth Annual General Meeting (AGM) will be held on Thursday, August 07, 2025, at 11:30 a.m. (I.S.T.) via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting's agenda includes the adoption of the company's financial statements for the fiscal year 2024-25, the re-appointment of a director, and the appointment of Secretarial Auditors.
28th Annual General Meeting DetailsParticulars
Details
Company
Summit Securities LimitedAGM Date
August 07, 2025AGM Time
11:30 a.m. (I.S.T.)Meeting Mode
Video Conferencing (VC) / Other Audio-Visual Means (OAVM)Financial Year
2024-25Remote E-Voting Start
August 04, 2025 (09:00 a.m. IST)Remote E-Voting End
August 06, 2025 (05:00 p.m. IST)Cut-off Date for Voting
July 31, 2025
Key Decisions and AgendaThe upcoming AGM will address several key items, categorized as ordinary and special business. Under ordinary business, shareholders will be asked to receive, consider, and adopt the audited financial statements, including the audited consolidated financial statements, for the financial year ended March 31, 2025. This includes reviewing the reports of the Auditors and the Board of Directors. Additionally, the re-appointment of Mr. Manish Jain, a Non-Independent, Non-Executive Director (DIN: 05307900), who retires by rotation, will be put to vote. Mr. Jain is eligible and has offered himself for re-appointment.For special business, the board proposes the appointment of M/s. Parikh Parekh & Associates, Practicing Company Secretaries (Firm Registration No. P1987MH010000), as Secretarial Auditors. This appointment is for a term of five consecutive financial years, commencing from FY 2025-26 until FY 2029-30. The proposed remuneration for their services for FY 2025-26 is ₹1,00,000 (Rupees One Lakh only) per annum, plus applicable taxes. For subsequent years, the remuneration will be mutually agreed upon between the Board of Directors and the Secretarial Auditors.Meeting Details and ParticipationIn line with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI), the AGM will be conducted entirely through virtual means, without the physical presence of members. The company has partnered with National Securities Depository Limited (NSDL) to facilitate remote e-voting and participation in the AGM via VC/OAVM.The remote e-voting period is scheduled to commence at 09:00 a.m. (I.S.T.) on Monday, August 04, 2025, and will conclude at 05:00 p.m. (I.S.T.) on Wednesday, August 06, 2025. The cut-off date for determining the voting rights of members is Thursday, July 31, 2025. Only members whose names appear in the Register of Members or as beneficial owners in the depositories as of this cut-off date will be eligible to vote. Members who cast their vote through remote e-voting prior to the AGM can still attend the meeting via VC/OAVM but will not be entitled to vote again during the AGM.Shareholders can access the Annual Report for FY 2024-25 and the Notice of the AGM on the company's website, www.summitsecurities.net, as well as on the NSDL website, www.evoting.nsdl.com. Instructions for joining the virtual meeting and participating in e-voting are detailed in the AGM notice. Members wishing to speak or ask questions during the meeting are required to register their interest by August 03, 2025, while general queries can be submitted by August 04, 2025.Shareholder Information and UpdatesSummit Securities has also provided important information for its shareholders. The company's Registrar and Share Transfer Agent (RTA), formerly Link Intime India Private Limited, has changed its name to MUFG Intime India Private Limited, effective December 31, 2024. Shareholders are encouraged to update their contact details, including email addresses and mobile numbers, with their respective Depository Participants (for demat holdings) or the company/RTA (for physical holdings). The company emphasizes the importance of submitting Permanent Account Number (PAN) details and converting physical shares into dematerialized form to ensure seamless investor services and prevent fraudulent transactions.Furthermore, the company has highlighted the availability of the common Online Dispute Resolution (ODR) Portal, https://smartodr.in/login, established by SEBI for resolving disputes in the Indian Securities Market, after exhausting direct resolution options with the RTA/Company and through the SCORES platform.Market ImpactThe announcement of an Annual General Meeting is a routine corporate governance event. While the adoption of financial results and re-appointment of directors are standard procedures, the appointment of Secretarial Auditors for a multi-year term is also a procedural step. Such announcements typically have a minimal direct impact on the company's stock price, as they primarily pertain to compliance and governance matters rather than significant operational or financial developments. Investors will likely focus on the detailed financial performance once the full Annual Report for FY 2024-25 is thoroughly reviewed.