Financial Results Approval

The Board approved the following for the quarter and financial year ended March 31, 2026:

  • Audited Standalone and Consolidated Financial Results along with Statement of Assets and Liabilities
  • Independent Auditors' Report with unmodified opinion on both standalone and consolidated financial results
  • Declaration by Whole Time Director regarding audit reports with unmodified opinion

Consolidated Financial Performance (Year Ended March 31, 2026)

  • Total Income: ₹2,653.89 crores (FY2025: ₹4,612.22 crores)
  • Profit before tax: ₹2,115.03 crores (FY2025: ₹4,067.17 crores)
  • Profit after tax: ₹1,929.35 crores (FY2025: ₹4,241.41 crores)
  • Other Comprehensive Income: Loss of ₹1,985.12 crores (FY2025: Gain of ₹126.36 crores)
  • Total Comprehensive Income: Loss of ₹55.77 crores (FY2025: Gain of ₹4,367.76 crores)
  • Earnings per share (Basic): ₹61.61 (FY2025: ₹249.72)
  • Paid-up Equity Share Capital: ₹84.92 crores (FY2025: ₹16.98 crores)

Consolidated Financial Performance (Quarter Ended March 31, 2026)

  • Total Income: ₹343.05 crores (Q4 FY2025: ₹1,457.18 crores)
  • Profit before tax: ₹153.87 crores (Q4 FY2025: ₹1,248.35 crores)
  • Profit after tax: ₹57.54 crores (Q4 FY2025: ₹1,762.58 crores)
  • Other Comprehensive Income: Loss of ₹1,347.70 crores (Q4 FY2025: Loss of ₹490.98 crores)
  • Total Comprehensive Income: Loss of ₹1,290.16 crores (Q4 FY2025: Gain of ₹1,271.60 crores)
  • Earnings per share (Basic): ₹0.77 (Q4 FY2025: ₹103.78)

Segment-wise Performance (Year Ended March 31, 2026)

  • Investment Activity: Revenue ₹1,275.78 crores, Profit ₹985.36 crores
  • Lending Activity: Revenue ₹1,349.69 crores, Profit ₹1,127.63 crores
  • Rental Business: Revenue ₹16.19 crores, Loss ₹2.95 crores
  • ARC: Revenue ₹12.24 crores, Profit ₹7.38 crores

Amendment to Memorandum of Association

The Board approved proposed amendments to the Memorandum of Association subject to shareholder approval:

  • Insertion of sub-clauses 3 to 8 under Clause III(A) relating to Main Objects
  • Insertion of new sub-clauses 9 to 55 under Clause III(B)
  • Deletion of existing sub-clauses 4, 7, 8, 21 and 29 to 55 of Clause III(B)
  • Renumbering of existing sub-clauses 3 to 28 to 58 to 79 under Clause III(B)

The amendments are intended to align the objects clause with existing business operations and activities, particularly NBFC operations, without changing the principal/main objects.

Notice of Postal Ballot

The Board approved the draft notice of Postal Ballot to seek shareholder approval for amendment to the object clause of Memorandum of Association.

Capital Structure Changes During FY2026

  • Bonus Issue: 67,93,80,400 bonus equity shares of ₹1 each allotted on January 14, 2026, in 4:1 ratio
  • Preference Share Issue: Allotted 2,05,00,000 non-cumulative non-convertible preference shares of ₹10 each at ₹1000 per share (including ₹990 premium), aggregating ₹2,050 crores
  • ESOP Scheme: Approved Employee Stock Option Scheme 2025 for grant of 25,00,000 options
  • Authorized Capital: Increased from ₹100 crores to ₹128 crores

Auditors' Emphasis of Matter

Consolidated Financial Statements:
  • Excludes results of four companies where Authum holds >20% equity (Prataap Snacks Limited, Nitco Limited, Katra Phytochem India Pvt. Ltd., MIRC Electronics Limited) as management considers these strategic investments without intention to exercise control
Open Elite Developers Limited (Subsidiary):
  • Net loss of ₹5.86 crores for year ended March 31, 2026
  • Accumulated losses of ₹897.98 crores exceed paid-up capital, networth fully eroded
  • SEBI order dated August 22, 2024 levied ₹25 crores penalty and 5-year market ban
  • Company appealed to SAT and obtained stay conditional on depositing 50% penalty (deposited December 9, 2024)
  • Next hearing date: July 1, 2026
  • Matters reported in ADT-4 under section 143(12) in June 2019 still pending with MCA
India SME Asset Reconstruction Limited (Subsidiary):
  • Results of 36 Trusts not consolidated as Security Receipts written off per RBI Guidelines
  • Bank balances of ₹21.08 crores payable to creditors subject to settlement of pending disputes

Enforcement Directorate Inquiry

The Enforcement Directorate has initiated inquiry regarding certain transactions of Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd. prior to their acquisition by Authum. The company has submitted documents and continues to respond to queries. No impact on ongoing operations or financial performance.

Board Meeting Details

  • Commenced: 5:20 PM
  • Concluded: 7:05 PM

Auditors

  • APAS & Co LLP (FRN 000340C/C400308)
  • Maharaj N R Suresh and Co LLP (FRN 001931S/S000020)

Both audit firms issued unmodified opinions on both standalone and consolidated financial results.