Financial Performance Summary

FY 2025-26 Financial Highlights (₹ in Hundred):

  • Revenue from Operations: ₹28,06,135.64 (FY25: ₹23,29,604.08) - 20.4% increase
  • Other Income: ₹2,500.00 (FY25: Nil)
  • Total Income: ₹28,08,635.64 (FY25: ₹23,29,604.08) - 20.6% increase
  • Total Expenditure: ₹26,51,832.19 (FY25: ₹16,93,064.50) - 56.6% increase
  • Profit before Interest, Depreciation and Tax: ₹1,56,803.45 (FY25: ₹6,36,539.58) - 75.4% decrease
  • Interest Expense: ₹37,575.88 (FY25: ₹1,68,686.48) - 77.7% decrease
  • Depreciation & Amortization: ₹21,302.00 (FY25: ₹20,224.39) - 5.3% increase
  • Profit before Tax: ₹97,925.57 (FY25: ₹4,47,628.72) - 78.1% decrease
  • Tax Expense: ₹25,460.64 (FY25: ₹1,16,383.47) - 78.1% decrease
  • Net Profit after Tax: ₹72,464.93 (FY25: ₹3,31,245.25) - 78.1% decrease
  • Earnings per Share: ₹0.83 basic and diluted (FY25: ₹3.80)

Balance Sheet Position as at March 31, 2026 (₹ in Hundred):

  • Total Assets: ₹1,14,01,895.57 (FY25: ₹1,00,35,679.36) - 13.6% increase
  • Financial Assets: ₹92,08,457.35 including:
  • Cash & cash equivalents: ₹48,340.39
  • Bank balances: ₹1,565.67
  • Trade receivables: ₹5,127.37
  • Loans: ₹86,91,997.20 (24.3% increase from FY25 ₹69,96,199.79)
  • Investments: ₹4,03,633.35 (54.0% increase from FY25 ₹2,62,000.85)
  • Other financial assets: ₹57,793.37
  • Non-Financial Assets: ₹21,93,438.22 including:
  • Inventories: ₹20,65,267.84 (shares inventory)
  • Property, plant and equipment: ₹1,05,670.38
  • Other non-financial assets: ₹22,500.00
  • Total Liabilities: ₹15,07,754.48 including:
  • Financial liabilities: ₹14,08,126.56
  • Borrowings: ₹13,71,047.67 (significant increase from FY25 ₹7,075.10)
  • Trade payables: ₹32,997.90
  • Other financial liabilities: ₹4,080.99
  • Non-financial liabilities: ₹99,627.92
  • Equity: ₹98,94,141.09 including:
  • Equity share capital: ₹87,15,096.23 (unchanged from FY25)
  • Other equity: ₹11,79,044.86 (FY25: ₹11,17,227.09)
  • Securities premium reserve: ₹7,33,119.24
  • Retained earnings: ₹2,78,477.91
  • Statutory reserve: ₹1,67,447.71

Key Operational Metrics

  • Paid-up Equity Capital: ₹87,15,09,623 as on March 31, 2026 (same as previous year)
  • Loan Portfolio: ₹869.20 crore, showing 24.3% growth year-on-year
  • Investment Portfolio: ₹40.36 crore, showing 54.0% growth year-on-year
  • Book Value per Share: Not explicitly disclosed

Dividend and Reserves

  • Dividend: No dividend declared during the period under review
  • Reserves: Board decided not to transfer any amount to reserves for the year
  • Unpaid Dividends: No funds lying unpaid or unclaimed for transfer to Investor Education and Protection Fund (IEPF)

Corporate Governance and Board Structure

Board of Directors:

  • Mr. Virendra Kr Soni: Executive Director & Managing Director (DIN: 08554333)
  • Mrs. Shikha Singhal: Executive Director (DIN: 09720474) - retiring by rotation, seeking reappointment
  • Mr. Somnath Chitrakar: Executive Director & Chief Financial Officer (DIN: 09678491)
  • Mr. Asis Banerjee: Independent Director (DIN: 05273668)
  • Mr. Gopal Singh: Independent Director (DIN: 06739896)
  • Mrs. Aparna Sharma: Independent Director (DIN: 07006877)

Board Meetings:

Five meetings held during FY26 on: May 28, 2025; August 8, 2025; August 26, 2025; November 13, 2025; February 10, 2026

Key Committees:

  • Audit Committee: Mr. Asis Banerjee (Chairman), Mr. Gopal Singh, Mrs. Aparna Sharma, Mrs. Shikha Singhal
  • Nomination & Remuneration Committee: Mr. Gopal Singh (Chairman), Mr. Asis Banerjee, Mrs. Aparna Sharma
  • Stakeholders Relationship Committee: Mr. Asis Banerjee (Chairman), Mr. Gopal Singh, Mrs. Aparna Sharma, Mrs. Shikha Singhal

Auditor Appointments

  • Statutory Auditors: SSRV & Associates, Chartered Accountants (FRN: 135901W) appointed for 5 years till 2027 AGM
  • Internal Auditor: OP Khajanchi & Co, Chartered Accountants (FRN: 330280E)
  • Secretarial Auditor: Mr. Akhil Agarwal, Practicing Company Secretary (CP No: 16313)

Auditor Reports

Statutory Auditor Report (SSRV & Associates):

  • Unmodified opinion on financial statements
  • No material weaknesses in internal financial controls
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • No significant adverse remarks or qualifications

Secretarial Audit Report (Akhil Agarwal):

  • Clean report with no reservations or adverse remarks
  • Company complied with applicable provisions of Companies Act, 2013, SEBI Regulations, and other laws
  • Adequate systems and processes for compliance monitoring

Annual General Meeting Details

  • 44th AGM Date: Wednesday, September 30, 2026 at 2:30 PM
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM) as per MCA and SEBI circulars
  • Record Date: September 23, 2026 for determining members entitled to vote
  • Business Items:

1. Adoption of audited financial statements for FY26

2. Reappointment of Mrs. Shikha Singhal as Executive Director retiring by rotation

E-voting Arrangements:

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Service Provider: National Securities Depository Limited (NSDL)
  • E-voting on AGM day: Available for members who haven't voted remotely and are present virtually

Shareholding Pattern as on March 31, 2026

  • Total Shares Outstanding: 87,15,09,623 equity shares of ₹1 each
  • Promoter Holding: 6.96% (6,07,18,750 shares)
  • Public Holding: 93.04%
  • Dematerialization Status:
  • NSDL: 14,91,66,308 shares (17.12%)
  • CDSL: 72,05,64,495 shares (82.68%)
  • Physical: 17,78,820 shares (0.20%)

Regulatory and Compliance Status

  • Listing: Shares listed on BSE Limited and CSE Limited
  • Listing Fees: Paid to BSE for 2025-26
  • SEBI Compliance: No material non-compliance reported
  • RBI Registration: Company registered under Section 45-IA of RBI Act, 1934
  • No Material Orders: No significant material orders passed by regulators/courts affecting going concern

Other Material Information

  • Related Party Transactions: All transactions at arm's length length and in ordinary course of business
  • Loans and Investments: Details provided in financial statements notes
  • Deposits: No deposits accepted from public/shareholders during the year
  • Corporate Social Responsibility: Not applicable as company doesn't meet criteria under Section 135
  • Vigil Mechanism: Policy established for reporting genuine concerns
  • Sexual Harassment: No complaints received or disposed during the year
  • Human Resources: Satisfied employee relations with no significant issues reported

Forward-looking Statements

Management Discussion & Analysis contains forward-looking statements subject to risks and uncertainties including economic conditions, competition, regulatory changes, and market risks. Actual results may differ materially from expressed expectations.

Contacts and References

  • RTA: ABS Consultant Pvt Ltd, Kolkata
  • Bankers: IndusInd Bank Ltd, ICICI Bank Ltd