Investor Relations

Our roots date back seven decades, when in 1934 the family had setup its first financial venture.Khandwala Securities Limited was setup in 1993, principally promoted by Mr. Paresh J Khandwala, a second generation financial market specialist entrepreneur.

Khandwala Securities Limited (KSL)is a specialized Institutional Dealing and Investment Banking firm with an exemplary track record of cutting-edge research, service innovation, transaction execution and solution structuring.

Part of a group with over 7 decades of market intermediation and transaction execution expertise,KSL today is recognized as a specialist financial services firm delivering Intelligent Research, Transaction Execution, Corporate Advisory and Structured Fund Raising services to Financial Institutions, Corporate Houses and High Networth clients across multiple markets and geographies.

Board Compositions

Shri Paresh J. Khandwala – Managing Director
Shri Pranav Khandwala – Whole-time Director and Chief Financial Officer
Shri Pratik Khandwala – Non-Executive Director
Shri Homiar N. Vakil – Non Executive, Independent Director
Smt. Bhagyashree Khandwala – Non-Executive Director
Mr. Kalpen Shukla – Non-Executive Independent Director

Board Committees

Khandwala Securities Limited is a Company managed by Board and the Board meets at regular intervals to consider accounts, review of operations, formulate corporate policies and set up goals. The Board has constituted following committees: The board consists of eminent persons with considerable professional expertise and experience in banking, management consulting, financial services and similar fields.

Audit Committees

SR No.Name of MembersDesignationCategory
1.Mr. Homiar N. VakilChairmanNon-Executive Independent Director
2.Mr. Kalpen ShuklaMember Non-Executive Independent Director
3.Mrs. Bhagyashree KhandwalaMemberNon-Executive Director

Terms of Reference

  1. oversight of the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.
  2. recommendation for appointment, remuneration and terms of appointment of auditors of the Company.
  3. approval of payment to statutory auditors for any other services rendered by the statutory auditors.
  4. reviewing, with the management, the annual financial statements and auditor’s report thereon before submission to the board for approval, with particular reference to.
    A. matters required to be included in the director’s responsibility statement to be included in the board’s report in terms of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013.
    B. changes, if any, in accounting policies and practices and reasons for the same.
    C. major accounting entries involving estimates based on the exercise of judgment by management.
    D. significant adjustments made in the financial statements arising out of audit findings.
    E. compliance with listing and other legal requirements relating to financial statements.
    F. disclosure of any related party transactions.
    G. modified opinion(s) in the draft audit report.
  5. Reviewing, with the management, the quarterly financial statements before submission to the board for approval;
  6. reviewing, with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document / prospectus / notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the board to take up steps in this matter.
  7. reviewing and monitoring the auditor’s independence and performance, and effectiveness of audit process.
  8. approval or any subsequent modification of transactions of the listed entity with related parties.
  9. scrutiny of inter-corporate loans and investments; valuation of undertakings or assets of the listed entity, wherever it is necessary.
  10. evaluation of internal financial controls and risk management systems.
  11. reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems.
  12. reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit.
  13. discussion with internal auditors of any significant findings and follow up there on.
  14. reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board.
  15. discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern.
  16. to look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors.
  17. to review the functioning of the whistle blower mechanism.
  18. approval of appointment of chief financial officer after assessing the qualifications, experience and background, etc. of the candidate.

Stakeholders Relationship Committees

Terms of Reference

SR No.Name of MembersDesignationCategory
1.Mr. Homiar N. VakilChairmanNon-Executive Independent Director
2.Mr. Kalpen ShuklaMember Non-Executive Independent Director
3.Mr. Paresh KhandwalaMemberManaging Director

The terms of reference of the Committee are to deal with matters relating to transfer/transmission of shares and monitors redressal of complaints from shareholders relating to transfers, non-receipt of balance sheet, non-receipt of dividend, etc. with a view to expediting the process of share transfers, the Chairman of the Audit Committee and Secretary is authorized to approve transfers/transmission of shares.

Nomination & Remuneration Committees

SR No.Name of MembersDesignationCategory
1.Mr. Kalpen ShuklaChairmanNon-Executive Independent Director
2.Mr. Homiar N. Vakil Member Non-Executive Independent Director
3.Mrs. Bhagyashree KhandwalaMemberNon-Executive Director

Terms of Reference

  1. To form criteria for determining qualifications, positive attributes and independence of a director and recommend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel and other employees.
  2. To form criteria for evaluation of performance of independent directors and the board.
  3. To devise policy on diversity of board of directors.
  4. To identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the board of directors their appointment and removal.
  5. To extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors.
  6. To carry out performance evaluation of all directors.

Bank Account

Important Documents

Corporate Announcements
AGM Voting Results
Annual Reports
Shareholding Patterns
Financial Reports
Policy & Others
Investor Charter
EGM
Postal Ballot
Merchant Banker - Investor Charter

Products & Services

Research

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Investor Awareness

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide BSE notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and NSE circular no. NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Attention Investors

Prevent Unauthorized Transactions in your trading and/or demat account – Update your
Mobile Number and / or email IDs with your Stock Broker and / or Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day / information of your transactions directly from Exchange on your mobile/email at the end of the day………………….issued in the interest of investors.

“KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.”

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.”