AGM/EGM8 Sept 2026, 01:04 pm
Modern Shares & Stockbrokers Ltd: Chairman's Speech at 87th AGM
AI Summary
Modern Shares & Stockbrokers Ltd held its 87th Annual General Meeting on September 8, 2026. The Chairman's speech highlighted a volatile financial year 2025-26 for Indian and global markets, impacted by tariffs and Middle East conflict. Despite market uncertainties and rising inflation, India's GDP growth remains strong at 7-7.5%. The company reported a profit of ₹23.52 Lakhs for FY25-26, up from ₹16.35 Lakhs in the previous year. The Board decided to defer dividend declaration for another year to assess performance in the ongoing fiscal year. The company noted positive traction in midcap and smallcap stocks, strong SIP inflows, and a shift in foreign investor sentiment towards net buying.
Key Highlights
- FY25-26 profit increased to ₹23.52 Lakhs from ₹16.35 Lakhs.
- Dividend declaration deferred for another year.
- Company operations weathered market volatility and rising input costs.
- Positive outlook on India's GDP growth and mid/small-cap market traction.
- Foreign investors turned net buyers after a period of selling.
Price Impact
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