JRG Securities Ltd. announced that the Board of Directors of the company at its meeting held on May 15, 2013, Board took note of the resignation submitted by Mr. Gopichand S, Managing Director. Board also considered the appointment of Mr. Anand Tandon as the Managing Director in place of Mr. Gopichand subject to the approval from SEBl, Stock Exchanges and other applicable regulatory approvals. The above resignation and appointment shall take effect on receipt of regulatory approvals.

JRG Securities Ltd. reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, on consolidated basis, the company reported total income from operations of INR 71.130 million compared to INR 103.508 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 34.388 million compared to INR 15.863 million for the same period a year ago. Loss from ordinary activities before tax was INR 19.483 million compared to profit from ordinary activities before tax of INR 7.214 million for the same period a year ago. Net loss was INR 20.370 million or INR 0.90 per basic and diluted after extraordinary items compared to net profit of INR 9.182 million or INR 0.20 per basic and diluted after extraordinary items for the same period a year ago. For the year, on consolidated basis, the company reported total income from operations of INR 342.788 million compared to INR 457.456 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 114.228 million compared to INR 115.293 million for the same period a year ago. Loss from ordinary activities before tax was INR 47.940 million compared to INR 61.194 million for the same period a year ago. Net loss was INR 59.425 million or INR 2.81 per basic and diluted after extraordinary items compared to INR 72.268 million or INR 3.39 per basic and diluted after extraordinary items for the same period a year ago. For the quarter, on standalone basis, the company reported total income from operations of INR 38.712 million compared to INR 57.867 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 15.814 million compared to INR 13.547 million for the same period a year ago. Loss from ordinary activities before tax was INR 6.647 million compared to profit from ordinary activities before tax INR 0.513 million for the same period a year ago. Net loss was INR 6.647 million or INR 0.28 per basic and diluted after extraordinary items compared to net profit of INR 0.513 million or INR 0.02 per basic and diluted after extraordinary items for the same period a year ago. For the year, on standalone basis, the company reported total income from operations of INR 169.517 million compared to INR 218.043 million for the same period a year ago. Loss from operations before other income, finance costs and exceptional items was INR 59.822 million compared to INR 114.189 million for the same period a year ago. Loss from ordinary activities before tax was INR 30.379 million compared to INR 92.407 million for the same period a year ago. Net loss was INR 30.379 million or INR 1.30 per basic and diluted after extraordinary items compared to INR 92.407 million or INR 3.97 per basic and diluted after extraordinary items for the same period a year ago.

JRG Securities Ltd. announced that they will report fiscal year 2013 results on May 15, 2013