Board Meeting Details

The Board Meeting commenced at 2:00 p.m. (IST) and concluded at 6:00 p.m. (IST) on October 29, 2026.

Key Approvals

The Board approved the following items:

1. Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2026

2. Re-appointment of Mr. Balachander Rajaraman as a Non-executive Independent Director for the second term of 3 years with effect from November 01, 2026

3. Appointment of Mr. Sanjay Gulab Vasarkar, Head-Operations as a Senior Management Personnel (SMP) with immediate effect

4. Re-appointment of M/s. Deloitte Touche Tohmatsu India Limited Liability Partnership as the Internal Auditor of the Company for the period from October 01, 2026 to September 30, 2027

Financial Results Overview

Standalone Financial Performance (Quarter ended September 30, 2026)
  • Total Income: ₹240.35 crore (Q2 FY26: ₹221.75 crore)
  • Profit Before Tax: ₹197.94 crore (Q2 FY26: ₹160.65 crore)
  • Profit After Tax: ₹146.82 crore (Q2 FY26: ₹119.62 crore)
  • Earnings Per Share (Basic): ₹4.52 (Q2 FY26: ₹3.68)
  • Net Worth: ₹3,336.80 crore (March 31, 2026: ₹3,079.40 crore)
  • Capital Adequacy Ratio: 70.51% (March 31, 2026: 65.31%)
Consolidated Financial Performance (Quarter ended September 30, 2026)
  • Total Income: ₹278.54 crore (Q2 FY26: ₹212.53 crore)
  • Profit Before Tax: ₹208.94 crore (Q2 FY26: ₹142.33 crore)
  • Profit After Tax: ₹157.82 crore (Q2 FY26: ₹101.30 crore)
  • Earnings Per Share (Basic): ₹4.74 (Q2 FY26: ₹3.44)
  • Net Worth: ₹3,143.25 crore (March 31, 2026: ₹2,955.22 crore)

Half-Year Performance (Standalone)

  • Total Income: ₹516.42 crore (H1 FY26: ₹347.95 crore)
  • Profit Before Tax: ₹390.39 crore (H1 FY26: ₹254.13 crore)
  • Profit After Tax: ₹289.96 crore (H1 FY26: ₹188.72 crore)

Key Financial Metrics

Revenue Breakdown (Standalone Q2 FY27):

  • Fees and Other Income: ₹109.63 crore
  • Other Operating Income: ₹112.19 crore
  • Recovery of Security Receipts: ₹8.87 crore
  • Interest Income: ₹4.04 crore
  • Net gain on fair value changes: ₹2.73 crore

Expense Breakdown (Standalone Q2 FY27):

  • Finance costs: ₹17.73 crore
  • Impairment on financial instruments: ₹(9.08) crore (reversal)
  • Employee benefit expenses: ₹17.88 crore
  • Depreciation and amortization: ₹0.84 crore
  • Unrealized Fees and Expenses Written Off: ₹2.77 crore
  • Other expenses: ₹12.27 crore

Balance Sheet Highlights (Standalone as at September 30, 2026)

  • Total Assets: ₹4,753.62 crore (March 31, 2026: ₹4,460.85 crore)
  • Financial Assets: ₹4,598.57 crore (Investments: ₹4,208.54 crore)
  • Cash and Cash Equivalents: ₹129.17 crore (March 31, 2026: ₹32.74 crore)
  • Borrowings: ₹1,224.23 crore (March 31, 2026: ₹1,205.49 crore)
  • Equity: ₹3,336.80 crore (March 31, 2026: ₹3,079.40 crore)

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹258.25 crore
  • Net Cash Used in Investing Activities: ₹(105.37) crore
  • Net Cash Used in Financing Activities: ₹(56.45) crore
  • Net Increase in Cash: ₹96.43 crore

Important Notes

1. The company's equity shares were listed on NSE and BSE on September 17, 2026, following successful completion of an IPO comprising an Offer for Sale of 5,27,31,946 equity shares at ₹139 per share.

2. The company operates in a single business segment of Asset Reconstruction & Resolution.

3. Figures for quarter ended September 30, 2026 are balancing figures derived from reviewed half-year results and audited quarter ended June 30, 2026 results.

4. The financial results were reviewed by the Audit Committee and approved by the Board of Directors.

5. The consolidated results include 253 subsidiaries and associates as detailed in Annexure 1.

Enclosures

1. Annexure A: Unaudited Financial Results with Limited Review Report

2. Annexure B: Details required under Regulation 30 read with Para A of Part-A of Schedule III