Summit Securities logo

Summit Securities MD, chairman, board of directors and AGM

NSE: SUMMITSECBSE: 533306FinanceSmall Cap

Last close ₹1,273.10down ₹36.20 (2.76%)BSE ₹1,269.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,309.30.

52-week range of traded prices to 23 Oct 2026
₹1,242.00Low, 23 Oct 2026₹2,495.00High, 23 Oct 2025
Market cap
₹1,388 Cr1,216th largest listed
P/E
11.6
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
1.3%
ROCE
1.8%
Debt to equity
0.00
Volume, NSE
2,60168.6% delivered

Summit Securities board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRamesh Chandak
  • Company Secretary and Compliance OfficerJiya Gangwani

7 directors5 independent2 non-executive

  • Ramesh Chandak · ChairpersonIndependent · joined Sep 2019 · reappointed Sep 2024 · 84 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
  • Hari Narain Singh RajpootNon-executive · joined Feb 2010 · reappointed Jul 2026 · 3 listed boards · 1 as independent · 6 committee seats, 4 as chair
  • Shweta Ratnakar MusaleIndependent · joined Nov 2021 · 58 months as independent · 2 listed boards · 2 as independent · 4 committee seats
  • Manish JainNon-executive · joined Jun 2022 · reappointed Aug 2025 · 1 listed board · 1 committee seat
  • Rohin Feroze BomanjiIndependent · joined Aug 2024 · 26 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 1 as chair
  • Sunil Kamalakar TamhaneIndependent · joined Sep 2024 · 24 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Pradeep Shashikant PathareIndependent · joined May 2026 · 4 months as independent · 2 listed boards · 2 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Abhay Vasant Nerurkar, left 29 Oct 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 4 Aug 20267 of 7 present5 independent · 96 days in between
    • 29 Apr 20266 of 6 present4 independent

  • Audit Committee

    Chair Sunil Kamalakar Tamhane

    Hari Narain Singh Rajpoot, Shweta Ratnakar Musale, Rohin Feroze Bomanji

    • 4 Aug 20264 of 4 present3 independent · 96 days in between
    • 29 Apr 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Rohin Feroze Bomanji

    Hari Narain Singh Rajpoot, Sunil Kamalakar Tamhane, Shweta Ratnakar Musale

    • 27 Apr 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Hari Narain Singh Rajpoot

    Manish Jain, Shweta Ratnakar Musale, Rohin Feroze Bomanji, Sunil Kamalakar Tamhane

    • 4 Aug 20264 of 5 present3 independent · 98 days in between
    • 27 Apr 20265 of 5 present3 independent

  • Risk Management Committee

    Chair Hari Narain Singh Rajpoot

    Manish Jain, Rohin Feroze Bomanji, Sunil Kamalakar Tamhane, Pradeep Shashikant Pathare, Arvind Dinkar Dhumal, Anand Rathi

    • 31 Jul 20264 of 4 present2 independent · 94 days in between
    • 27 Apr 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s. DMKH & Co.Peer-review certificate valid to Apr 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Summit Securities AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Summit Securities share news and announcements

Annual general meeting, 30 Jul 2026

54,878 shareholders on the register on 23 Jul 2026; present: 20 promoters and 47 others; votes counted by Mitesh Dhabliwala / Parikh Parekh & Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors and the Board of Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.66% · promoters 99.99% · institutions 7.29% · other public 3.97%

  2. Re-appointment of Mr. Hari Narain Singh Rajpoot, Non-Independent, Non-Executive Director (DIN: 00080836), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for re-appointment.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.16%

    Turnout: all 75.66% · promoters 99.99% · institutions 7.29% · other public 3.97%

  3. Appointment of Mr. Pradeep Shashikant Pathare (DIN: 01449746) as a Non-Executive Independent Director of the Company, to hold office for a term of five (5) consecutive years with effect from May 12, 2026 upto May 11, 2031, not liable to retire by rotation.MoreLess
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 21.35% · other public 6.11%

    Turnout: all 75.66% · promoters 99.99% · institutions 7.29% · other public 3.97%

  4. Re-appointment of Ms. Shweta Ratnakar Musale (DIN: 03280429), as a Non-Executive Independent Director of the Company, to hold office for a second term of five (5) consecutive years with effect from November 10, 2026 upto November 09, 2031, not liable to retire by rotation.MoreLess
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.11%

    Turnout: all 75.66% · promoters 99.99% · institutions 7.29% · other public 3.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 3 resolutions

55,010 shareholders on the register on 31 Jul 2025; present: 21 promoters and 44 others; votes counted by Mitesh Dhabliwala / Parikh Parekh & Associates.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Auditors and the Board of Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 75.77% · promoters 100.00% · institutions 2.34% · other public 4.47%

  2. Re-appointment of Mr. Manish Jain, Non-Independent, Non-Executive Director (DIN: 05307900), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for re-appointment.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 98.66% · other public 0.13%

    Turnout: all 75.77% · promoters 100.00% · institutions 2.34% · other public 4.47%

  3. Appointment of M/s. Parikh Parekh & Associates (Firm Registration No. P1987MH010000) as Secretarial Auditors of the Company to conduct the Secretarial Audit for a term of five consecutive financial years commencing from the financial year 2025-2026 until financial year 2029-2030.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 75.77% · promoters 100.00% · institutions 2.34% · other public 4.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Aug 2024, 7 resolutions

Present: 22 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Adoption of:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Auditors and the Board of Directors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon;MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.33%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  2. Re-appointment of Mr. Hari Narain Singh Rajpoot (DIN: 00080836) as a Non-Independent, Non-Executive Director of the Company, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for re-appointment.MoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.60%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  3. Appointment of M/s. DMKH & Co, Chartered Accountants (Firm Registration No: 116886W) as Statutory Auditors of the Company to hold office from the conclusion of this Twenty-Seventh Annual General Meeting until the conclusion of the Thirtieth Annual General Meeting of the Company.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  4. Appointment of Mr. Rohin Feroze Bomanji (DIN: 06971089) as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years with effect from August 1, 2024.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.34%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  5. Appointment of Mr. Sunil Kamlakar Tamhane (DIN: 03179129) as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years with effect from September 16, 2024
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  6. Re-appointment of Mr. Ramesh Chandak (DIN: 00026581) as a Non-Executive Independent Director of the Company for a second term of five (5) consecutive years with effect from September 26, 2024.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.60%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

  7. Re-appointment of Mr. Arvind Dhumal as Manager of the Company, for a term of three (3) years with effect from November 16, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 75.65% · promoters 100.00% · institutions 1.64% · other public 4.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Sep 2023, 2 resolutions

Present: 22 promoters and 38 others.The company's voting result (opens in a new tab)

  1. Adoption of:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Auditors and the Board of Directors thereon.nb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.87%

    Turnout: all 75.84% · promoters 100.00% · institutions 1.58% · other public 4.83%

  2. Re-appointment of Mr. Manish Jain, Non-Independent, Non-Executive Director (DIN: 05307900), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for re-appointment.MoreLess
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 100.00% · other public 15.89%

    Turnout: all 75.84% · promoters 100.00% · institutions 1.58% · other public 4.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2022, 3 resolutions

Present: 23 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Adoption of:na.tthe Audited Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Auditors and the Board of Directors thereon.nb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 75.60% · promoters 100.00% · institutions 0.00% · other public 3.93%

  2. Re-appointment of Mr. H. N. Singh Rajpoot (DIN: 00080836) as a Director of the Company, liable to retire by rotation.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.68%

    Turnout: all 75.60% · promoters 100.00% · institutions 0.00% · other public 3.93%

  3. Appointment of Mr. Manish Jain (DIN: 05307900) as Non-Executive, Non-Independent Director of the Company, liable to retire by rotation.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.72%

    Turnout: all 75.60% · promoters 100.00% · institutions 0.00% · other public 3.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Dec 2021, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Shweta Musale (DIN: 03280429) as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years with effect from November 10, 2021.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.11%

    Turnout: all 74.85% · promoters 100.00% · institutions 0.00% · other public 0.84%

  2. Appointment of Mr. Arvind Dhumal as Manager of the Company, for a term of three (3) years with effect from November 16, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.74%

    Turnout: all 74.85% · promoters 100.00% · institutions 0.00% · other public 0.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2021, 7 resolutions

Present: 23 promoters and 36 others.The company's voting result (opens in a new tab)

  1. Adoption of:na.tthe Audited Financial Statements of the Company for the financial year ended March 31, 2021, together with the Reports of the Auditors and the Board of Directors thereon.nb.tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2021, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  2. Re-appointment of Mr. H. N. Singh Rajpoot (DIN: 00080836) as a Director of the Company, liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  3. Appointment of M/s. Sharp & Tannan, Chartered Accountants (Firm Registration No: 109982W) as Statutory Auditors of the Company to fill the casual vacancy caused due to the resignation of M/s. Chaturvedi & Shah LLP, Chartered Accountants (FRN: 101720W/W100355) on August 13, 2021 and they shall hold office upto the ensuing Twenty-Fourth Annual General Meeting of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  4. Appointment of M/s. Sharp & Tannan, Chartered Accountants (Firm Registration No: 109982W) as Statutory Auditors of the Company to hold office from the conclusion of this Twenty Fourth Annual General Meeting till the conclusion of the Twenty Seventh Annual General Meeting of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  5. Appointment of Ms. Rekha Dhanani (DIN: 08927006) as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years with effect from November 10, 2020.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  6. Appointment of Mr. Anand Rathi as Manager of the Company, for a period of three (3) years with effect from February 16, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

  7. Approval for keeping Registers and Indexes of Members and other related documents at the office of TSR Darashaw Consultants Private Limited, Registrars and Share Transfer Agents of the Company (“RTA”) situated at C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400 083 or at any such other place where the RTA may shift its office from time to time.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.62% · promoters 99.99% · institutions 0.00% · other public 4.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2020, 3 resolutions

Present: 25 promoters and 31 others.The company's voting result (opens in a new tab)

  1. Adoption of:na. the Audited Financial Statements of the Company for the financial year ended March 31, 2020, together with the Reports of the Auditors and the Board of Directors thereon.nb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2020, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 75.76% · promoters 100.00% · institutions 0.00% · other public 4.22%

  2. Re-appointment of Mr. A. N. Misra (DIN: 00350790) as a Director of the Company, liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 75.76% · promoters 100.00% · institutions 0.00% · other public 4.22%

  3. Re-appointment of Mr. Abhay Nerurkar (DIN: 00045309) as an Independent Director of the Company for the second term of five years w.e.f. October 29, 2020.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 75.76% · promoters 100.00% · institutions 0.00% · other public 4.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.