The Board considered and approved the following items:
1. Unaudited Financial Results for Q1 FY2027: The Board approved the unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the audit committee and are accompanied by a limited review report from the independent auditor, G.C. Agarwal & Associates (FRN: 017851N).
2. 34th Annual General Meeting (AGM): The Board fixed the date, time, and mode for the 34th AGM for the year ended March 31, 2026. The AGM will be held on Friday, September 25, 2026, at 12:00 P.M. (IST) through video conferencing (VC) or other audio-visual means (OAVM).
3. AGM Documentation: The Notice of the 34th AGM, the Directors' Report, the Management Discussion and Analysis Report, and all other annexures to the Annual Report for FY2025-26 were approved.
4. Book Closure and Dividend Record Date: The book closure period for the AGM and for the purpose of dividend payment, if declared, is from Saturday, September 19, 2026, to Friday, September 25, 2026 (both days inclusive). The Record Date for determining members eligible for the final dividend is fixed as the end of working hours on Friday, September 18, 2026. This date is also the cut-off date for remote e-voting.
5. Appointment of Scrutinizer: The Board appointed Ms. Poonam, Practicing Company Secretary (Membership No. 10994 & C.P. 26551), as the Scrutinizer for remote e-voting and e-voting during the meeting (venue voting) for the ensuing AGM.
Financial Results for the Quarter Ended June 30, 2026 (₹ in Crore)
The company reported a significant turnaround in performance compared to the previous quarter.
Income Statement Highlights (Quarterly Comparison):
- Revenue from Operations: ₹82.02 Cr (Q1 FY27) vs. ₹(21.22) Cr (Q4 FY26) vs. ₹58.60 Cr (Q1 FY26)
- Interest Income: ₹2.19 Cr
- Dividend Income: ₹3.67 Cr
- Net gain on fair value changes: ₹73.07 Cr
- Net gain on Derivative: ₹3.09 Cr
- Total Income: ₹82.02 Cr vs. ₹(21.21) Cr (Q4 FY26) vs. ₹58.60 Cr (Q1 FY26)
- Total Expenses: ₹13.47 Cr (Employee: ₹6.42 Cr, Depreciation: ₹0.20 Cr, Other: ₹6.85 Cr)
- Profit Before Tax: ₹68.55 Cr vs. ₹(40.28) Cr (Q4 FY26) vs. ₹45.99 Cr (Q1 FY26)
- Tax Expense: ₹6.85 Cr (Current: ₹1.72 Cr, Deferred: ₹5.13 Cr)
- Profit for the period (Net Profit): ₹61.70 Cr vs. ₹(43.33) Cr (Q4 FY26) vs. ₹41.39 Cr (Q1 FY26)
- Other Comprehensive Income (after tax): ₹152.07 Cr
- Net gain on equity instruments through OCI: ₹168.97 Cr
- Related income tax: ₹(16.90) Cr
- Total Comprehensive Income: ₹213.77 Cr vs. ₹(309.21) Cr (Q4 FY26) vs. ₹211.92 Cr (Q1 FY26)
Earnings Per Share (EPS) - Basic & Diluted: ₹0.91 (Q1 FY27) vs. ₹(0.64) (Q4 FY26) vs. ₹1.22 (Q1 FY26)
Paid-up Equity Share Capital: ₹676.08 Lakh (6,760,800 shares of ₹10/- each)
Additional Notes from Financial Statements
- The financial results are prepared in accordance with Indian Accounting Standards (Ind AS), specifically Ind AS 34 (Interim Financial Reporting).
- The company is registered as an NBFC with the RBI. As per Ind AS 108, there are no reportable segments.
- Previous period/year figures have been regrouped/rearranged for comparability.
Auditor's Limited Review Conclusion
The independent auditor, G.C. Agarwal & Associates, conducted a limited review and concluded that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement has not disclosed the information required by Regulation 33 of the LODR Regulations or that it contains any material misstatement.