Board Meeting Details
The Board meeting was held at the registered office of the company on Thursday, 5th November 2026, commencing at 4:00 PM IST and concluding at 6:00 PM IST.
Matters Approved
1. The Unaudited Standalone and Consolidated Financial Results of the Company for the Second Quarter ended 30th September 2026, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.
2. Approved the Limited Review Report on the Unaudited Financial Results for the Second Quarter ended 30th September 2026.
Financial Results - Standalone (Q2 FY27)
Income Statement (₹ in Lakhs):
- Total Income: ₹625.231
- Revenue from Operations: ₹615.924
- Interest Income from Loan: ₹34.160
- Interest Income from Securities: ₹70.742
- Sale of shares & Securities: ₹388.669
- Income/Loss from Future & Options: ₹110.897
- Income/Loss from Speculation Business: (₹0.176)
- Interest income from Bank deposits: ₹11.632
- Other Income: ₹9.307
- Dividend Income: ₹4.586
- Net Gain on sale of investment: ₹4.720
Expenses (₹ in Lakhs):
- Total Expenses: ₹372.107
- Purchases of shares and Securities: ₹357.611
- Employee benefit expenses: ₹76.154
- Provision made: (₹108.041) [negative provision indicating reversal]
- Other Expenditure: ₹16.529
Profitability (₹ in Lakhs):
- Profit before tax: ₹253.124
- Tax expense: Nil
- Net Profit for the period: ₹253.124
- Other Comprehensive Income: ₹184.745 (Fair value changes of equity instruments through OCI)
- Total Comprehensive Income: ₹437.869
Key Metrics:
- Earnings per share (Basic & Diluted): ₹0.489
- Paid-up equity share capital: ₹8,957.767 (8,95,77,673 shares of ₹10 each)
- Reserves excluding revaluation reserve: ₹7,967.396
Half-Year Standalone Performance (₹ in Lakhs)
- Total Income: ₹924.644
- Profit before tax: ₹539.770
- Net Profit: ₹539.770
- Total Comprehensive Income: ₹3,372.152
- Earnings per share: ₹3.765
Segment Results - Standalone
The company currently operates only in the Finance Activity segment. Segment revenue from Finance Business was ₹615.924 lakh for the quarter and ₹915.068 lakh for half year. Segment results showed profit of ₹243.817 lakh for the quarter and ₹530.194 lakh for half year from Finance Business.
Consolidated Financial Results
Associate Company Details:
- Banas Finance Limited holds 65,30,79,183 fully paid-up Equity shares (Face Value ₹1) of Tilak Ventures Limited
- Holding percentage: 48.84% of total capital
- Tilak Ventures Limited is classified as an associate
Consolidated Performance (Q2 FY27, ₹ in Lakhs):
- Total Comprehensive Income for the period: ₹270.818
- Share of profit of associates: ₹145.433
- Total profit for period: ₹583.302
- Earnings per share (Basic & Diluted): ₹0.489
Assets and Liabilities Position (Standalone as at 30.09.2026)
Assets (₹ in Lakhs):
- Total Assets: ₹17,007.405
- Financial Assets: ₹15,455.178
- Cash and cash equivalents: ₹1,019.197
- Bank balance other than cash: ₹217.000
- Loans: ₹479.125
- Investments: ₹12,495.627
- Non-financial Assets: ₹1,552.227
- Deferred tax assets: ₹1,321.730
Liabilities and Equity (₹ in Lakhs):
- Total Financial Liabilities: ₹82.24
- Equity: ₹16,925.163
- Equity Share capital: ₹8,957.767
- Other equity: ₹7,967.396
Cash Flow Statement (Standalone Half Year)
- Net Cash from Operating Activities: ₹204.105
- Net Cash from Investing Activities: ₹559.996
- Net Cash from Financing Activities: (₹0.026)
- Net Increase in Cash: ₹764.074
- Closing Cash balance: ₹1,019.197
Auditor's Review
AK Kocchar & Associates issued unmodified review reports on both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 and SEBI Circular CIR/CFD/CMD1/44/2019 dated 29th March 2019.
Additional Information
- The company changed its accounting policy for classification of certain investments from FVTPL to FVOCI in FY 2025-26
- Comparative figures have been reclassified/regrouped for consistency
- No investor complaints for the quarter (Opening: 0, Received: 0, Resolved: 0, Closing: 0)
- Results available on company website and BSE website