Key Event Details

Annual General Meeting

  • 41st AGM Date: Monday, September 28, 2026 at 4:00 PM IST
  • Meeting Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Book Closure Period: September 19, 2026 to September 28, 2026 (both days inclusive)
  • Record Date: September 18, 2026 (cut-off date for e-voting)
  • Newspaper Publication: Notice published in Financial Express (English) and Jansatta (Hindi)

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

| Particulars | FY 2025-26 (₹ in Thousand) | FY 2024-25 (₹ in Thousand) | Change |

| Total Revenue | 71,336.11 | 27,765.46 | +157% |

| Finance Cost | - | 1,296.54 | -100% |

| Employee Benefit Expenses | 12,635.89 | 9,782.04 | +29% |

| Depreciation | 200.23 | 119.55 | +67% |

| Administration & Other Expenses | 8,692.33 | 8,575.52 | +1% |

| Profit Before Tax | 49,807.66 | 7,991.81 | +523% |

| Tax Expense | 12,482.20 | 2,740.47 | +355% |

| Profit After Tax | 37,325.46 | 5,251.34 | +611% |

| EPS (Basic & Diluted) | ₹6.31 | ₹0.89 | +609% |

Capital Structure Changes

Share Warrant Conversion:

  • Allotment Date: May 11, 2026 (by Securities Committee)
  • Number of Warrants Converted: 76,00,000 convertible share warrants
  • Issue Price: ₹125 per warrant (₹10 face value + ₹115 premium)
  • Total Funds Raised: ₹95,00,00,000 (received in 18 months from December 9, 2024 allotment)
  • Resulting Equity Shares: 76,00,000 equity shares of ₹10 each
  • Paid-up Capital Increase: From ₹5,91,99,780 to ₹13,51,99,780

Statutory Reserves

  • Transfer to Statutory Reserve: ₹74,65,092 (20% of net profit as per RBI Act Section 45-IC)
  • No Dividend recommended for FY 2025-26 to conserve resources

Corporate Governance

Board Composition

Directors as on March 31, 2026:

  • Sh. Ramesh Shah - Chairman & Non-Executive Independent Director
  • Smt. Promila Bhardwaj - Non-Executive Independent Director
  • Sh. Surinder Singh Kohli - Non-Executive Independent Director (appointed July 10, 2025)
  • Sh. Shekhar Singh - Managing Director
  • Sh. Sumit Choudhary - Non-Executive Director
  • Sh. Sandeep Kumar - Non-Executive Director (retiring by rotation, seeking reappointment)

Board Committees

Audit Committee: Sh. Ramesh Shah (Chairman), Smt. Promila Bhardwaj, Sh. Surinder Singh Kohli, Sh. Shekhar Singh

Nomination and Remuneration Committee: Smt. Promila Bhardwaj (Chairperson), Sh. Ramesh Shah, Sh. Sumit Choudhary

Stakeholders Relationship Committee: Sh. Surinder Singh Kohli (Chairman), Sh. Shekhar Singh, Sh. Sandeep Kumar

Securities Committee: Sh. Ramesh Shah (Chairman), Sh. Shekhar Singh, Sh. Sumit Choudhary

Finance & Executive Committee: Sh. Shekhar Singh (Chairman), Sh. Sumit Choudhary, Sh. Sandeep Kumar

Risk Management Committee: Constituted on May 26, 2026 with Sh. Surinder Singh Kohli (Chairman), Sh. Ramesh Shah, Sh. Shekhar Singh, Sh. Sumit Choudhary

Board Meetings

FY 2025-26: 5 meetings held on May 20, 2025; July 10, 2025; August 13, 2025; November 14, 2025; February 12, 2026

Attendance: All directors attended all meetings except Sh. Surinder Singh Kohli (3 out of 5 meetings due to July 2025 appointment)

Auditor Appointments

Statutory Auditors

  • Outgoing Auditor: M/s Mahesh Kumar & Co., Chartered Accountants (FRN: 09668N) - ceasing at 41st AGM conclusion
  • Proposed New Auditor: M/s MANV & Associates, Chartered Accountants (FRN: 007351N)
  • Term: 5 years (FY 2026-27 to FY 2030-31)
  • Remuneration: To be fixed by Board in consultation with auditors

Secretarial Auditors

  • Resigned Auditor: M/s S. Behera & Co., Company Secretaries - resigned effective August 6, 2026
  • Proposed New Auditor: M/s Dharamveer Dabodia & Associates, Company Secretaries (CP No.: 14305)
  • Term: 5 years (FY 2026-27 to FY 2030-31)
  • Proposed Fee: ₹75,000 per annum plus applicable taxes and out-of-pocket expenses

Internal Auditors

M/s Vandana Tarika & Associates, Chartered Accountants appointed for FY 2025-26

Business Operations

NBFC Activities

  • Business: Providing loans and advances to individuals, corporates, firms, societies and industrial enterprises
  • Total Loans Outstanding: ₹91,12,35,180 (FY25: ₹63,11,21,040)
  • Employee Strength: 7 permanent employees
  • No Material Changes in business activities during the year

Investments

  • Non-Current Investments: ₹15,11,00,000 in 5,49,90,797 equity shares of M/s Aman Hospitality Pvt Ltd
  • Pledged as collateral for Enhanced Basic Management Fees of ₹142.50 crore given to Aman Hospitality Pvt Ltd

Shareholding Pattern (as on March 31, 2026)

  • Total Shareholders: 109
  • Promoter & Promoter Group: 73.01% (43,22,448 shares)
  • Indian Public: 13.70% (8,11,231 shares)
  • Corporate Bodies: 2.15% (1,26,990 shares)
  • HUF: 11.14% (6,59,309 shares)
  • Dematerialized Holdings: 87.87% of total share capital

Other Significant Information

  • Related Party Transactions: All transactions at arm's length length basis in ordinary course of business
  • No CSR Applicability: Criteria not met under Section 135 of Companies Act 2013
  • No Foreign Exchange earnings or outgo during the year
  • No Pending Litigations impacting financial position
  • Internal Financial Controls adequate and operating effectively

AGM Agenda Items

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Sh. Sandeep Kumar as Director retiring by rotation

3. Appointment of M/s MANV & Associates as Statutory Auditors for 5 years

4. Appointment of M/s Dharamveer Dabodia & Associates as Secretarial Auditors for 5 years

Voting Arrangements

  • Remote e-Voting Period: September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • e-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: M/s Dharamveer Dabodia & Associates, Company Secretaries
  • Results Declaration: Within 48 hours of AGM conclusion

#Tags: #ApexCapital #AGM2026 #FY26Results #SEBIDisclosure #NBFC #RegulatoryCompliance #FinancialUpdate #Neutral