Ajcon Global Services Ltd — Updates, 26-06-2025: Company Update

Ajcon Global Services Limited has announced a board meeting on 12.08.2025 to consider the financial results for the quarter and half-year ending 30.06.2025. The company will hold its 38th Annual General Meeting on 21.07.2025 via video conferencing. Key agenda items include approval of audited financial statements for FY 2024-25, reappointment of Mr. Anuj Ajmera as director, appointment of Ms. Sonam Jain as secretarial auditor for five years starting FY 2025-26, and reappointment of Mr. Ashok Ajmera as managing director for three years from 01.04.2026 to 31.03.2029. The Board has also fixed 11.07.2025 as the record date for voting eligibility.

Ajcon’s standalone net profit after tax for FY 2024-25 stood at ₹37.40 Lacs (~₹0.37 Cr) compared to ₹104.29 Lacs (~₹1.04 Cr) in the previous year, reflecting a reduction primarily due to market volatility impacting operations. Consolidated net profit was ₹57.36 Lacs (~₹0.57 Cr) versus ₹129.96 Lacs (~₹1.30 Cr) last year. Revenue growth was moderate with standalone revenue at ₹1561.27 Lacs (~₹15.61 Cr). The company did not recommend any dividend to conserve working capital.

During the year, Ajcon issued 10 lakh convertible warrants at ₹66 each on preferential basis to non-promoter public category investors, with partial payment received and balance receivable within 18 months. The proceeds have been fully utilized. Around 95.5% of shares remain in demat form.

Key leadership includes Mr. Ashok Ajmera as Managing Director & CEO, Mr. Ankit Ajmera as Executive Director & CFO, and Mr. Anuj Ajmera as Executive Director. Ms. Sonam Jain has been appointed as secretarial auditor for FY 2025-26 to 2029-30. The company maintains robust corporate governance practices with active committees covering audit, nomination & remuneration, stakeholder relations, and risk management.

The company’s business remains primarily focused on stockbroking, corporate advisory, merchant banking, and financial services under SEBI registration. Despite a subdued FY25 performance, the management expects improved outcomes in the coming year driven by institutional client growth and continued technology investments. The internal audit and compliance framework has been reaffirmed as adequate and effective.

Overall, Ajcon is positioning itself for growth with strengthened capital base and leadership continuity, while navigating market and regulatory challenges characteristic of the financial services sector.