Board Meeting Details

The Board of Directors meeting was held on Monday, November 02, 2026 at the company's registered office at 503, Rohit House 3, Tolstoy Marg, Connaught Place, New Delhi-110001. The meeting commenced at 04:30 PM and concluded at 05:20 PM.

Key Approvals

The Board considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026, along with the Statement of Assets & Liabilities and Cash Flow Statement.

Financial Results Highlights

Quarter Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: Rs 39.41 crore
  • Interest Income: Rs 2.23 crore
  • Dividend Income: Rs 13.21 crore
  • Net gain on fair value changes: Rs 20.34 crore
  • Net gain on Derivative: Rs 3.63 crore
  • Other Income: Rs 0.00 crore
  • Total Income: Rs 39.41 crore
  • Total Expenses: Rs 15.83 crore
  • Employee benefit expense: Rs 6.11 crore
  • Depreciation and amortisation expense: Rs 0.21 crore
  • Other expenses: Rs 8.51 crore
  • Contingent provision against Standard Assets: Rs 0.00 crore
  • Profit before tax: Rs 23.58 crore
  • Tax Expense: Rs 11.66 crore
  • Current tax: Rs 14.18 crore
  • Deferred tax: Not specified for quarter
  • Profit for the period: Rs 12.32 crore
  • Other comprehensive income: Rs -94.30 crore
  • Net loss on equity instruments through OCI: Rs -101.79 crore
  • Income tax impact: Rs 10.49 crore
  • Total Comprehensive income: Rs -81.98 crore
  • Earnings per Share (Basic): Rs 0.18
  • Earnings per Share (Diluted): Rs 0.18

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: Rs 121.43 crore
  • Total Income: Rs 121.43 crore
  • Total Expenses: Rs 28.90 crore
  • Profit before tax: Rs 92.53 crore
  • Tax Expense: Rs 18.51 crore
  • Profit for the period: Rs 74.02 crore
  • Earnings per Share (Basic): Rs 1.09
  • Earnings per Share (Diluted): Rs 1.09

Comparative Performance

Quarter Comparison (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations increased from Rs 20.90 crore to Rs 39.41 crore
  • Profit before tax increased from Rs 9.97 crore to Rs 23.58 crore
  • Profit for the period increased from Rs 6.50 crore to Rs 12.32 crore

Half Year Comparison (H1 FY27 vs H1 FY26)

  • Revenue from Operations increased from Rs 79.50 crore to Rs 121.43 crore
  • Profit before tax increased from Rs 55.96 crore to Rs 92.53 crore
  • Profit for the period increased from Rs 41.89 crore to Rs 74.02 crore

Balance Sheet Position as at September 30, 2026

  • Total Assets: Rs 2,887.31 crore (vs Rs 2,767.55 crore as at March 31, 2026)
  • Financial Assets: Rs 2,710.67 crore
  • Cash and cash equivalents: Rs 20.20 crore
  • Bank Balance other than cash equivalents: Rs 9.30 crore
  • Investments: Rs 2,660.16 crore
  • Other Financial Assets: Rs 20.31 crore
  • Non-Financial Assets: Rs 176.64 crore
  • Total Liabilities and Equity: Rs 2,887.34 crore
  • Equity: Rs 2,731.76 crore
  • Equity Share Capital: Rs 676.08 crore
  • Other Equity: Rs 2,055.68 crore

Cash Flow Statement for Six Months Ended September 30, 2026

  • Net cash flow from operating activities: Rs -29.60 crore
  • Net cash flow from investing activities: Rs 71.91 crore
  • Net cash flow from financing activities: Rs -27.04 crore
  • Net change in cash and cash equivalents: Rs 16.34 crore
  • Cash and cash equivalents at beginning: Rs 3.86 crore
  • Cash and cash equivalents at end: Rs 20.20 crore

Dividend Information

Dividend amounting to Rs 0.40 per equity share of Rs 10 each for financial year 2025-26 was paid in the current year. For previous year, dividend amounting to Rs 0.60 per equity share of Rs 10 was paid.

Accounting and Regulatory Framework

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, directions/guidelines issued by RBI, and generally accepted accounting practices in India, in compliance with SEBI Listing Regulations.

Company Status

The company is registered as an NBFC with RBI and currently has no reportable segments as per Indian Accounting Standard 108 on "Operating Segments".

Audit and Approval

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 02, 2026. The independent auditor, G C Agarwal & Associates, issued a review report with no material misstatements identified.