Board Meeting Details

The Board of Directors meeting was held on November 07, 2026, commencing at 03:20 PM and concluding at 03:50 PM. The Board approved the unaudited standalone financial results along with limited review reports from statutory auditors M/s. Maheshwari & Co., Chartered Accountants, Mumbai for the quarter and half year ended September 30, 2026.

Financial Results (Quarter Ended September 30, 2026)

Income Statement (₹ in Lakhs)

  • Interest Income: ₹72.94 (vs ₹64.93 in Q2 FY26, ₹81.77 in Q1 FY27)
  • Fees and Commission Income: ₹0.00 (vs ₹0.60 in Q1 FY27)
  • Other Revenue from Operations: ₹0.00 (vs ₹10.70 in Q2 FY26)
  • Total Revenue from Operations: ₹72.94 (vs ₹75.62 in Q2 FY26)
  • Finance Costs: ₹15.09 (vs ₹14.37 in Q2 FY26)
  • Employee Benefit Expense: ₹17.08 (vs ₹13.12 in Q2 FY26)
  • Professional & Legal Fees: ₹8.63 (vs ₹0.44 in Q2 FY26)
  • Stock Exchange & Regulatory Expenses: ₹1.33 (vs ₹0.96 in Q2 FY26)
  • Other Expenses: ₹23.58 (vs ₹0.12 in Q2 FY26)
  • Total Expenses: ₹65.95 (vs ₹29.17 in Q2 FY26)
  • Profit Before Tax: ₹6.99 (vs ₹46.46 in Q2 FY26, down 85%)
  • Tax Expenses: ₹1.78 (Current Tax: ₹1.83, Deferred Tax: -₹0.05)
  • Net Profit: ₹5.20 (vs ₹38.06 in Q2 FY26, down 86%)
  • Other Comprehensive Income: -₹3.80 (Fair value changes on FVTOCI instruments)
  • Total Comprehensive Income: ₹1.40 (vs ₹24.67 in Q2 FY26)

Financial Results (Half Year Ended September 30, 2026)

Income Statement (₹ in Lakhs)

  • Interest Income: ₹154.71 (vs ₹121.27 in H1 FY26)
  • Fees and Commission Income: ₹0.60 (vs ₹0.15 in H1 FY26)
  • Total Revenue from Operations: ₹155.34 (vs ₹121.42 in H1 FY26)
  • Finance Costs: ₹34.87 (vs ₹34.15 in H1 FY26)
  • Employee Benefit Expense: ₹34.75 (vs ₹23.05 in H1 FY26)
  • Professional & Legal Fees: ₹26.33 (vs ₹1.14 in H1 FY26)
  • Stock Exchange & Regulatory Expenses: ₹2.58 (vs ₹1.92 in H1 FY26)
  • Other Expenses: ₹28.31 (vs ₹1.03 in H1 FY26)
  • Total Expenses: ₹127.47 (vs ₹61.66 in H1 FY26)
  • Profit Before Tax: ₹27.87 (vs ₹59.76 in H1 FY26, down 53%)
  • Tax Expenses: ₹7.25 (Current Tax: ₹7.25, Deferred Tax: ₹0.02)
  • Net Profit: ₹20.59 (vs ₹46.09 in H1 FY26, down 55%)
  • Other Comprehensive Income: -₹11.56 (Fair value changes on FVTOCI instruments)
  • Total Comprehensive Income: ₹9.03 (vs ₹24.09 in H1 FY26)

Key Financial Metrics

  • Paid-up Equity Share Capital: ₹646.35 lakh (unchanged)
  • EPS (Basic & Diluted): Q2 FY27: ₹0.08; H1 FY27: ₹0.32
  • Reserves: ₹14.03 lakh as of September 30, 2026 (vs ₹43.05 lakh as of March 31, 2026)

Auditor's Limited Review Report

Statutory auditors Maheshwari & Co. issued a limited review report with an Emphasis of Matter regarding TDS non-compliance:

  • The Company has not complied with provisions relating to deduction, deposit and reporting of TDS as required under Income-tax Act
  • TDS balances and related statutory liabilities are subject to reconciliation
  • Consequential adjustments have not been fully determined and accounted for in the financial results
  • The opinion is not modified in respect of these matters

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: ₹2,874.87 lakh (vs ₹2,840.62 lakh as of March 31, 2026)
  • Financial Assets: ₹2,783.12 lakh (primarily Loans: ₹2,631.73 lakh, Investments: ₹108.21 lakh)
  • Cash and Cash Equivalents: ₹7.55 lakh (vs negative ₹22.43 lakh as of March 31, 2026)
  • Current Tax Assets: ₹83.37 lakh
  • Total Liabilities: ₹2,214.49 lakh
  • Borrowings: ₹2,141.59 lakh
  • Trade Payables: ₹10.60 lakh (Micro enterprises: ₹6.61 lakh, Others: ₹3.99 lakh)
  • Total Equity: ₹660.38 lakh

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹3.45 lakh
  • Net Cash from Financing Activities: ₹26.52 lakh (Proceeds from borrowings: ₹61.40 lakh, Interest paid: ₹34.87 lakh)
  • Net Increase in Cash: ₹29.98 lakh
  • Cash at Beginning: Negative ₹22.43 lakh
  • Cash at End: ₹7.55 lakh

Notes to Financial Results

1. Financial results reviewed by Audit Committee and approved by Board on November 07, 2026

2. Prepared in accordance with Indian Accounting Standards (Ind AS)

3. Company engaged primarily in financing activities with no separate operating segments

4. Various balances subject to confirmation and reconciliation including Trade Receivables, Trade Payables, Loans & Advances, GST and TDS

5. Figures for Q2 FY26 are balancing figures between H1 FY26 and Q1 FY26 figures

6. Previous period figures regrouped and reclassified for comparability