Please find attached Annual Report 2025-26 together with Notice of AGM

September 3, 2026 The Deputy Manager Department of Corporate Services BSE Limited P. J. Towers, Dalal Street, Fort Mumbai – 400 001 Ref: Scrip Code 535431(SME) Sub: Notice of Annual General Meeting (AGM) and Annual Report for FY 2025-26 Respected Sir or Madam, Pursuant to Regulation 30 and 34 read with Para A of Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015, please find enclosed herewith the Annual Report 2024-25 together with Notice of 31st Annual General Meeting (“AGM”) of the Company scheduled to be held on Friday, 25th September, 2026 at 11.30 A.M. IST through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) in accordance with the applicable provisions of the Companies Act, 2013 (“Act, 2013”) and Ministry of Corporate Affairs (MCA) & SEBI General Circulars. The Annual Report for the Financial Year 2025-26 along with the Notice of the AGM is also made available on the Company website, viz. http://gcmsecuritiesltd.com/ Kindly take the above on your record. Thanking You, Yours Faithfully, For GCM SECURITIES LIMITED MANISH BAID DIN: 00239347 MANAGING DIRECTOR Enclosed: As stated above CIN of the Company: L67120MH1995PLC071337 Email: gcmsecu.kolkata@gmail.com; URL: www.gcmsecuritiesltd.com GCM Securities Limited Annual Report 2025-26 Corporate Identification No.: L67120MH1995PLC421539 BOARD OF DIRECTORS Inder Chand Baid Chairman (Executive Director) Manish Baid Managing Director 31st Samir Baid Executive Director Piyush Saraf Independent Director Annual Sonali Auddya Adak Independent Director Akshaya Suved Chavan Independent Director Report 2025 - 26 KEY MANAGERIAL PERSONNEL Mr. Shrenik Choraria Chief Financial Officer Ms. Frenny Megotia Company Secretary AUDITORS Maheshwari & Co. Contents Chartered Accountants, Mumbai  AGM Notice 3  Directors' Report 19 BANKERS ICICI Bank Limited  Management Discussion & Analysis 29 Kotak Mahindra Bank Limited  Secretarial Audit Report (MR-3) 33  Form AOC-2 36 REGISTERD OFFICE  Extract of Annual Return (MGT-9) 37 805, Raheja Center, 214,Free Press Journal Marg Nariman Point, Mumbai-400021  Disclosure as required under Section 41 : +91 22 2204 9995 197(12) : gcmsecu.kolkata@gmail.com  Corporate Governance Report 42  Certificate of Non-Disqualification of 61 Directors REGISTRAR & SHARE TRANSFER AGENT Purva Sharegistry (India) Private Limited  Auditors’ Certificate on Corporate 64 No. 9, Shiv Shakti Ind. Estate Governance Gr. Floor, J. R. Boricha Marg  Independent Auditors' Report 66 Lower Parel, Mumbai-400 011  Balance Sheet 75  Statement of Profit & Loss 76 ANNUAL GENERAL MEETING Date 25th September 2026  Cash Flow Statement 77 Time 11.30 AM  Notes on Financial Statements 80 Deemed Venue Registered Office of the Company AGM will be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) GCM Securities Limited Annual Report 2025-26 Notice Notice is hereby given that the 31st Annual General Meeting of the members of GCM SECURITIES LIMITED will be held on Friday, 25th September, 2026 at 11.30 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without the physical presence of the Members at a common venue, in compliance with Ministry of Corporate Affairs General Circular No.03/2025 dated September 22, 2025 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-/P/CIR/2024/133, dated October 3, 2024, to transact the following businesses as: ORDINARY BUSINESS: 1. To receive, consider and adopt the audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 along with the Reports of the Board of Directors and the Auditors thereon. 2. To appoint Directors in place of Mr. Inder Chand Baid (DIN: 00235263), who retires by rotation, being eligible, offers himself for re-appointment. Explanation: Based on the terms of appointment, office of Executive Directors and the Non-Executive & Non Independent Chairman are subject to retirement by rotation. Mr. Inder Chand Baid, who was appointed on May 2, 1995, whose office is liable to retire at the ensuing AGM, being eligible, seeks re-appointment. Based on performance evaluation and the recommendation of the Nomination and Remuneration Committee, the Board recommends his re-appointment. Therefore, members are requested to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions of the Companies Act, 2013, Mr. Inder Chand Baid (DIN: 00235263), who retires by rotation, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.” SPECIAL BUSINESS: 3. RE-APPOINTMENT OF MR. INDER CHAND BAID (DIN: 00235263) AS A CHAIRMAN (EXECUTIVE DIRECTOR) OF THE COMPANY FOR A PERIOD OF 5 YEARS To consider and, if thought fit, to pass the following resolution as Special Resolution: “RESOLVED THAT pursuant to the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors made in its respective meetings held on August 6, 2022 and the provisions of Sections 2(54), 196, 197, 203 and any other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) read with Schedule V to the Companies Act, 2013 and Regulation 2(1)(e) of SEBI LODR Regulations, 2015, approval of the members of the Company be and is hereby accorded for appointment of Mr. Inder Chand Baid (DIN: 00235263), as Chairman of the Company, for a period of 5 years effective from July 26, 2027, and the office of Chairman shall be liable to retire by rotation. “RESOLVED FURTHER THAT in the event of loss or inadequacy of profits in any financial year during the aforesaid period, the Company shall pay to Mr. Inder Chand Baid, remuneration by way of salary, perquisites and allowances, not exceeding the ceiling laid down in Schedule V of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) as may be decided by the Board of Directors, after obtaining suitable recommendation of its Remuneration Committee.” “RESOLVED FURTHER THAT the Board of Directors be and are hereby authorised to enhance, enlarge, alter or vary the scope and quantum of salary, perquisites, allowances and incentive of Mr. Inder Chand Baid, which revision shall be in conformity with any amendments to the relevant provisions of the Companies Act and/ or the rules and regulations made thereunder and/or such guidelines as may be announced by the Central Government from time to time.” “RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds and things as may be necessary to give effect to this resolution.” 4. RE-APPOINTMENT OF MR. MANISH BAID (DIN: 00239347) AS A MANAGING DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 YEARS To consider and, if thought fit, to pass the following resolution as a Special Resolution: GCM Securities Limited Annual Report 2025-26 “RESOLVED THAT pursuant to the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors made in its respective meetings held on August 6, 2022 and the provisions of Sections 2(54), 196, 197, 203 and any other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) read with Schedule V to the Companies Act, 2013 and Regulation 2(1)(e) of SEBI LODR Regulations, 2015, approval of the members of the Company be and is hereby accorded for appointment of Mr. Manish Baid (DIN: 00239347), as Managing Director of the Company, f [Showing first 8,000 characters — download PDF for full document]