Brilliant Portfolios Limited

Key Decisions and Approvals

The Board of Directors approved the following items:

1. Audited Financial Results for the quarter and year ended March 31, 2026, along with Statement of Assets and Liabilities and Cash Flow Statement, pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026

2. Auditors' Report with unmodified opinions on the aforesaid Audited Financial Results

Financial Results Overview (₹ in Lakhs)

Quarter Ended March 31, 2026 (Audited):

  • Total Revenue from Operations: ₹104.63
  • Total Income: ₹105.14
  • Total Expenses: ₹73.00
  • Profit Before Tax: ₹32.14
  • Tax Expense: ₹5.45 (Current Tax: ₹7.66, Deferred Tax: ₹-2.21)
  • Profit for the Period: ₹26.69
  • Basic and Diluted EPS: ₹0.86

Full Year Ended March 31, 2026 (Audited):

  • Total Revenue from Operations: ₹322.76
  • Interest Income: ₹322.76
  • Dividend: ₹0.00
  • Sale of Shares: ₹0.00
  • Net Gain on fair value changes: ₹0.00
  • Other Income: ₹1.10
  • Interest on FDR: ₹0.59
  • Reversal of provision for standard assets: ₹0.00
  • Interest on Income Tax Refund: ₹0.51
  • Total Income: ₹323.86
  • Total Expenses: ₹240.18
  • Employee Benefit Expenses: ₹11.21
  • Finance Cost: ₹166.97
  • Fees and Commission Expenses: ₹3.88
  • Depreciation, Amortization and Impairment: ₹7.93
  • Other Expenses (Includes Managerial Director Remuneration - ₹36 lakhs): ₹50.19
  • Profit Before Tax: ₹83.68
  • Tax Expense: ₹19.64 (Current Tax: ₹22.44, Deferred Tax: ₹-2.80)
  • Profit for the Year: ₹64.04
  • Basic and Diluted EPS: ₹2.06

Balance Sheet Position as at March 31, 2026 (₹ in Lakhs)

Assets:

  • Total Assets: ₹3,709.36
  • Financial Assets: ₹3,235.38
  • Cash and Cash Equivalents: ₹8.97
  • Bank Balances Other Than Cash: Not specified
  • Loans: ₹3,191.60
  • Other Financial Assets: ₹34.81
  • Non-Financial Assets: ₹473.98
  • Current Tax Assets (Net): ₹9.86
  • Deferred Tax Assets (Net): ₹4.30
  • Property, Plant and Equipment: ₹17.76
  • Other Non Financial Assets: ₹442.06

Liabilities and Equity:

  • Total Liabilities and Equity: ₹3,709.36
  • Financial Liabilities: ₹2,342.52
  • Borrowings (Other Than Debt Securities): ₹2,298.00
  • Other Financial Liabilities: ₹44.52
  • Non-Financial Liabilities: ₹373.42
  • Other Non-Financial Liabilities: ₹373.42
  • Equity: ₹993.42
  • Equity Share Capital (Face value ₹10 each): ₹310.18
  • Other Equity: ₹683.24

Cash Flow Statement for Year Ended March 31, 2026 (₹ in Lakhs)

  • Cash Flows from Operating Activities: ₹-299.13 (used in)
  • Cash Flows from Investing Activities: ₹0.00
  • Cash Flows from Financing Activities: ₹512.00 (from)
  • Net Increase in Cash and Cash Equivalents: ₹212.87
  • Cash and Cash Equivalents at beginning: ₹22.17
  • Cash and Cash Equivalents at end: ₹235.04
  • Cash on Hand: ₹3.11
  • Balances with Banks in Current Accounts: ₹231.93

Significant Notes to Financial Statements

1. The company operates as a Non-Banking Financial Company (NBFC) and considers itself a single business segment with no separate reportable segments under Ind AS 108.

2. Other Financial Assets includes an outstanding balance of an interest-free advance of ₹207 lakhs given in earlier years for a project which did not materialize. Subsequent to the reporting date, recovery of ₹85 lakh has been made. Management is hopeful that the amount will be recovered in the next financial year.

3. Other Non-Financial Liabilities includes ₹360 lakhs interest-free amount received in earlier year towards some future projects which did not materialize. Subsequent to the reporting date, amount of ₹100 lakh has been received. In absence of specific agreement, management certifies that the amount will be refunded in the next financial year.

4. The figures for quarter ended 31.03.2026 are balancing figures between the audited figures of the full financial year up to 31.03.2026 and the unaudited published year-to-date figures up to 31.12.2025.

Audit Opinion

V.P. Jain & Associates, Chartered Accountants (Firm registration number: 015260N), issued an unmodified opinion on the financial results, stating that:

  • The statement is presented in accordance with SEBI Listing Regulations requirements
  • Gives a true and fair view in conformity with Indian Accounting Standards (Ind AS)
  • The audit was conducted in accordance with Standards on Auditing

The audit report notes that the audit of financial results for the corresponding year ended 31st March, 2025 was carried out by another auditor who expressed an unmodified opinion.