Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting comprising unaudited financial results, warrant conversions, management appointment, and regulatory disclosures

Audit Opinion:

Unmodified (clean) limited review report issued by Valawat & Associates Chartered Accountants (FRN:003623C)

Key Financial Highlights [Amounts in ₹ Lakhs]:

Standalone Results:

| Metric | Quarter Ended June 30, 2026 | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |

| Total Income | 4,177.07 | 3,192.16 | 4,259.60 |

| Finance Cost | 84.88 | 185.54 | 136.27 |

| Impairment of Financial Instruments | 458.44 | 330.54 | 474.07 |

| Employee Benefits expenses | 26.34 | 17.24 | 27.36 |

| Depreciation and amortization expenses | 443.10 | 314.78 | 649.50 |

| Other Expenses | 2,762.45 | 1,981.47 | 2,890.75 |

| TOTAL EXPENSES | 3,775.45 | 2,829.57 | 4,177.59 |

| Profit Before Tax | 401.62 | 362.59 | 82.01 |

| Tax Expenses | 144.21 | 71.73 | (83.53) |

| Net Profit For the period | 257.21 | 290.86 | 165.54 |

| Basic EPS (₹) | 0.27 | 0.23 | 0.29 |

| Diluted EPS (₹) | 0.25 | 0.23 | 0.29 |

Additional Financial Metrics:

  • Net Worth: ₹45,902.52 lakhs
  • Debt-equity ratio: 1.16 Times
  • Interest service coverage ratio: 1.81 Times
  • Total debts to total assets: 0.53 Times
  • Net profit margin percent: 27.71
  • CRAR (%): 46.37
  • Gross stage 3 (%): 2.91
  • Net stage 3 (%): 1.41

Segment-wise Performance:

The Company is primarily engaged in the business of financing in India and accordingly, there are no separate reportable segments as per Ind AS 108 "Operating Segments".

Corporate Actions:

Dividend Declarations:

Not Specified

Warrant Conversions and Equity Allotment:

The Board approved allotment of 82,00,000 Equity shares of face value ₹1/- each at an issue price of ₹11.10/- each (including a premium of ₹10.10/- each) upon conversion of warrants:

| Sr. No. | Name of Allottee | No. of Warrants | No. of Equity Shares | Amount Received (75% of issue price) |

| 1 | Nirmal Kumar Jain | 7,20,000 | 72,00,000 | ₹5,99,40,000 |

| 2 | Anita Arun Jain | 1,00,000 | 10,00,000 | ₹83,25,000 |

| Total | | 8,20,000 | 82,00,000 | ₹6,82,65,000 |

Additional Warrant Conversions during Quarter:

The Company also allotted 1,30,00,000 equity shares during the quarter through other warrant conversions:

  • 30,00,000 shares from First Tranche warrants (allotted Feb 7, 2025) at ₹111 per warrant
  • 1,00,00,000 shares from Second Tranche warrants (allotted May 21, 2026) at ₹7 per warrant

Management Appointment:

Appointment of Mr. Dipesh Jain as Chief Operating Officer effective July 29, 2026. He has over eight years of experience in the financial services industry.

Regulatory Transition:

The Board took note of the Company's transition from Non-Banking Financial Company - Base Layer (NBFC-BL) to Non-Banking Financial Company - Middle Layer (NBFC-ML) under RBI's Scale Based Regulation framework.

NCD Compliance:

  • Outstanding secured NCDs: ₹23,000 lakhs across 6 ISINs
  • Security cover maintained between 110% to 125% for all NCDs
  • All financial covenants complied with including:
  • Minimum Tangible Net Worth of ₹300 Crores
  • Minimum AUM of ₹500 Crores
  • Current quarter collection efficiency over 85%
  • Positive PAT in previous 4 consecutive quarters
  • CRAR of 46.37%

Loan Transfer Disclosures:

  • Transferred 6,953 loan accounts through assignment (not in default) amounting to ₹41.17 crores
  • Retention of beneficial economic interest (MRR): 10%
  • Weighted average maturity: 27 months
  • Coverage of tangible security: Greater than 1x

Co-Lending Arrangements:

  • Number of Co-Lending Arrangements: 4
  • Number of Outstanding Cases: 1,697
  • Amount of Gross outstanding: ₹21.27 crore
  • Weighted average rate of interest: 19.05%
  • Sector: Loan Against Property & Vehicle
  • Standard Loans: ₹21.22 crore
  • Non-Performing Loans: ₹0.05 crore
  • Default loss guarantee: 5%

Utilization of Proceeds:

  • No deviation or variation in use of issue proceeds for:
  • ₹50 crore NCDs issued during April-June 2026
  • ₹29.185 crore from preferential issue/warrant conversions
  • Funds utilized for working capital requirements and business expansion

Other Significant Information:

Debenture Trustees:

  • Catalyst Trusteeship Limited
  • MITCON Credentia Trusteeship Services Limited

Auditor:

Valawat & Associates Chartered Accountants (FRN:003623C)