Key Quantitative Figures

  • Revenue from Operations: ₹424.04 lakhs (FY25: ₹178.04 lakhs)
  • Other Income: ₹4.41 lakhs (FY25: ₹8.54 lakhs)
  • Total Income: ₹428.45 lakhs (FY25: ₹186.58 lakhs)
  • Profit Before Tax: ₹40.41 lakhs (FY25: ₹37.38 lakhs)
  • Net Profit: ₹31.74 lakhs (FY25: ₹25.72 lakhs)
  • Paid-up Equity Capital: ₹484.97 lakhs (48,497,000 shares of ₹10 each)
  • Loans Portfolio (Gross): ₹1,739.56 lakhs (FY25: ₹1,100.87 lakhs)
  • Impairment Allowance on Loans: ₹7.02 lakhs (FY25: ₹2.78 lakhs)
  • Borrowings: ₹749.88 lakhs (FY25: ₹233.98 lakhs)
  • Preferential Issue Proposal: 1,295,635 equity shares at ₹23 per share (₹10 face value + ₹13 premium) aggregating ₹297.99 lakhs

Dates of Action

  • AGM Date: August 25, 2026 at 2:00 PM through VC/OAVM
  • Book Closure: August 19-25, 2026
  • E-voting Period: August 22-24, 2026 (9:00 AM to 5:00 PM)
  • Record Date: August 18, 2026
  • Relevant Date for Preferential Issue: July 24, 2026 (as July 26, 2026 was a Sunday)
  • Board Meeting Dates: 7 meetings held during FY26 on April 23, May 27, August 7, September 2, November 13, January 3, and February 3, 2026

Parties Involved

  • Statutory Auditor: M/s Subhash Chand Jain Anurag & Associates (FRN: 004733C)
  • Secretarial Auditor: Mrs. Dipika Kataria (Membership No. 8078)
  • Internal Auditor: Abhay Bhandari & Associates (resigned May 29, 2026); Ranjeet Gola & Associates appointed for FY27
  • RTA: M/s Adroit Corporate Service (P) Ltd, Mumbai
  • Bankers: Bank of India, ICICI Bank, HDFC Bank
  • Regulators: SEBI, RBI (Registration No. 03.0040 dated March 3, 1998)
  • Stock Exchanges: BSE Limited, Jaipur Stock Exchange Limited

Preferential Issue Details

Purpose: To raise ₹297.99 lakhs for:

  • 75% (₹223.50 lakhs) for augmentation of capital base for onward lending to MSME and self-employed borrowers
  • 25% (₹74.50 lakhs) for meeting working capital requirements

Allottees: 40 allottees comprising promoters and public shareholders

  • Promoter Category: 10 allottees receiving 565,434 shares (43.64% of issue)
  • Public Category: 30 allottees receiving 730,201 shares (56.36% of issue)

Key Promoter Allottees:

  • Vineet Bajpai: 86,956 shares
  • Sanyam Jain: 56,521 shares
  • Agam Gupta: 43,478 shares
  • Rani Sulochana Bajpai: 86,956 shares

Pricing: ₹23 per share including ₹13 premium, based on valuation report by Sandeep Agrawal (Registered Valuer IBBI/RV/06/2020/13344) dated July 27, 2026

Lock-in: As per Chapter V of SEBI ICDR Regulations

Management Changes

Resignations during FY26:

  • Mr. Sanjay Sethi (Chairman & Director) - resigned April 23, 2025
  • Mr. Sudhir Sethi (Director) - resigned April 23, 2025
  • Mr. Abhinav Naik (Independent Director) - resigned April 23, 2025
  • Mr. Kamlesh Gupta (Company Secretary & Compliance Officer) - resigned January 3, 2026

Appointments during FY26:

  • Mr. Agam Gupta appointed as Director and CFO effective September 29, 2025
  • Mr. Abhinav Naik re-appointed as Independent Director effective September 29, 2025
  • Mrs. Neha Sharma appointed as Company Secretary & Compliance Officer effective January 4, 2026

Corporate Governance

Board Composition: 8 directors (4 executive/non-executive, 4 independent)

Women Directors: 3 women directors (Neha Sarda, Kratika Tiwari, Sweena Gangwani)

Board Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, Finance Committee

Board Meetings: 7 meetings held during FY26

RBI Compliance

  • Company is RBI-registered NBFC-ICC Base Layer | Non-deposit-taking Non-systemically important
  • CRAR: 58.12% (Tier I CRAR: 58.12%)
  • Net Owned Fund: ₹1,013.69 lakhs
  • Total Assets: ₹1,889.61 lakhs
  • No defaults in repayment of loans or other borrowings

Other Material Information

  • Registered Office Change: Shifted from 133, Kanchan Bagh, Indore to 29, Neer Nagar, Mayank Water Park Road, Bicholi, Indore effective July 20, 2026
  • Dematerialization: 75.56% of share capital dematerialized as of March 31, 2026
  • Dividend: No dividend recommended for FY26
  • Related Party Transactions: Disclosed in Form AOC-2 with aggregate value of ₹53.87 lakhs
  • Pending Litigations: Income Tax demand of ₹4.20 lakhs for AY 2006-07 and MP Professional Tax payable of ₹0.48 lakhs
  • Capital Structure: No change in share capital during FY26
  • CSR: Not applicable to the company

Financial Impact

  • Preferential issue will increase equity capital by ₹129.56 lakhs and share premium by ₹168.43 lakhs
  • No material uncertainty exists regarding company's ability to continue as going concern
  • Provision for taxation: ₹8.67 lakhs (FY25: ₹11.66 lakhs)

Forward-looking Statements

  • Company plans to reduce exposure to broking sector and enter other finance and technology businesses
  • Management expects to achieve better financial results in forthcoming period
  • Objects of preferential issue may deviate +/-10% depending on future circumstances