Company Overview
Greencrest Financial Services Limited (BSE: 531737), an NBFC, has disclosed its comprehensive FY 2025-26 annual report and regulatory filings, encompassing financial results, AGM notice, and mandatory RBI compliance data.
AGM and Corporate Actions
The 34th Annual General Meeting is scheduled for September 24, 2026, to be held via video conferencing. Key agenda items include adoption of FY26 financial statements, re-appointment of director Sunil Parakh, and a special resolution to double authorized share capital from ₹45.50 crore to ₹90.00 crore. The book closure period is from September 18 to September 24, 2026, with e-voting available from September 21-23, 2026.
Financial Performance FY 2025-26
The company reported revenue of ₹38.14 crore (previous year: ₹71.78 crore) and net profit of ₹1.35 crore (previous year: ₹1.31 crore). Revenue composition included interest on unsecured loans (₹7.24 lakh), dividend income (₹0.30 lakh), sale of equity shares (₹30.07 lakh), and FNO trading (₹0.78 lakh). No dividend was declared for FY26 to conserve resources for future requirements.
Asset Quality and Exposure Metrics
The company maintained strong asset quality with zero non-performing assets across all categories. Total gross exposure reached ₹10,650.09 crore with net carrying amount of ₹10,623.46 crore. Provisions under Ind AS 109 stood at ₹26.63 crore, aligning exactly with IRACP norms. Capital market exposure decreased significantly to ₹375.06 crore from ₹945.65 crore in the previous year.
Regulatory Compliance and Governance
The company maintained full compliance with SEBI LODR Regulations, Companies Act 2013, and RBI directions for NBFCs. No material orders were passed by regulators or courts. The board met 7 times during FY26 with full director attendance. All related party transactions were conducted at arm's length basis.
Funding and Operational Details
Total borrowings stood at ₹5,078.69 crore (62.17% of liabilities) spread across 14 counterparties, with major lenders including Jalco Financial Services (₹1,383.65 crore) and Vidula Consultancy Services (₹1,191.02 crore). The company reported no deposits, no customer complaints, no restructuring activities, and no securitization or co-lending arrangements during the financial year.
Risk Management and Auditors
The company is exposed to market risk, liquidity risk, interest rate risk, and credit risk, with appropriate risk management frameworks in place. Statutory auditors SGAJ & Associates included emphasis matters regarding valuation of unquoted shares and balance confirmations, though management provided satisfactory explanations. Secretarial audit conducted by Mrs. Kriti Daga contained no qualifications or adverse remarks.