Key Financial Figures (in ₹ lakhs)

Financial Performance FY 2025-26 vs FY 2024-25:

  • Gross Income: 323.86 (FY26) vs 321.44 (FY25)
  • Profit Before Tax: 83.68 (FY26) vs 75.59 (FY25)
  • Profit After Tax: 64.05 (FY26) vs 55.07 (FY25)
  • Total Appropriations: 542.17 (FY26) vs 489.13 (FY25)
  • Net Worth: 993.42 (FY26) vs 929.38 (FY25)

Reserves Transfer:

  • Statutory Reserve under Section 45-IC of RBI Act: Transfer of 12.81 lakhs (20% of profits)
  • Opening Balance Statutory Reserve: 141.08 lakhs
  • Closing Balance Statutory Reserve: 153.89 lakhs

Share Capital:

  • Authorized Share Capital: ₹350 lakhs (35,00,000 shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹310.18 lakhs (31,01,800 equity shares of ₹10 each)
  • No equity shares with differential rights, sweat equity, or ESOPs issued during the year
  • No buy-back of equity shares undertaken

Loan Portfolio:

  • Loans outstanding: ₹3,191.60 lakhs (FY26) vs ₹2,270.00 lakhs (FY25)
  • Secured loans: ₹2,000.00 lakhs (secured by power of attorney on shares and mortgage of immovable property)
  • Unsecured loans: ₹1,191.60 lakhs
  • Interest accrued on loans: ₹34.81 lakhs

Borrowings:

  • Total borrowings: ₹2,298.00 lakhs (FY26) vs ₹1,786.00 lakhs (FY25)
  • Unsecured loans repayable on demand: ₹1,298.00 lakhs
  • Other unsecured loans: ₹1,000.00 lakhs (9% p.a., repayable on 27.01.2028)

Dates of Action

  • AGM Date: Sunday, 27th September, 2026 at 11:30 AM through VC/OAVM
  • E-Voting Period: Thursday, 24th September, 2026 (9:00 AM) to Saturday, 26th September, 2026 (5:00 PM)
  • Book Closure: Monday, 21st September, 2026 to Sunday, 27th September, 2026 (both days inclusive)
  • Board Meetings Held: 30th May 2025, 11th August 2025, 2nd September 2025, 13th November 2025, 13th February 2026
  • Financial Year End: 31st March 2026

Parties Involved

Board of Directors:

  • Mr. Ravi Jain (Managing Director)
  • Mrs. Shruti Das (Independent Director)
  • Mr. Rameshwar Dayal Sharma (Independent Director)
  • Mr. Raghu Nandan Arora (Executive Non-Independent Director)
  • Mr. Bhuvnesh Kumar Sharma (Non-Executive Non-Independent Director)

Key Managerial Personnel:

  • Mr. Ashish (Company Secretary, Compliance Officer & CFO)

Auditors:

  • Statutory Auditor: M/s VP Jain & Associates, Chartered Accountants
  • Secretarial Auditor: M/s Om Prakash Agrahari & Co., Company Secretaries
  • Internal Auditor: Mr. Nitin Agrawal

Other Service Providers:

  • Banker: Union Bank of India
  • Registrar & Share Transfer Agent: MAS Services Limited

Corporate Governance

Board Composition:

  • Five directors including one woman director
  • Two independent directors
  • Mr. Bhuvnesh Kumar Sharma and Mr. Raghu Nandan Arora retire by rotation and are eligible for re-appointment

Committee Structure:

  • Audit Committee: Mrs. Shruti Das (Chairperson), Mr. Rameshwar Dayal Sharma, Mr. Raghu Nandan Arora
  • Stakeholders Relationship Committee: Mr. Rameshwar Dayal Sharma (Chairperson), Mrs. Shruti Das, Mr. Ravi Jain
  • Nomination & Remuneration Committee: Mrs. Shruti Das (Chairperson), Mr. Rameshwar Dayal Sharma, Mr. Raghu Nandan Arora

Performance Evaluation: Conducted for individual directors, independent directors, board, and its committees

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Bhuvnesh Kumar Sharma as director

3. Re-appointment of Mr. Raghu Nandan Arora as director

Special Business:

4. Increase in managerial remuneration payable to Mr. Ravi Jain, Managing Director from ₹3,00,000 to ₹3,50,000 per month

5. Increase in remuneration payable to Mr. Ashish, CFO from ₹95,000 to ₹1,00,000 per month

6. Re-appointment of Mr. Rameshwar Dayal Sharma as Independent Director for a second term of five years

RBI Compliance

  • Registered as NBFC-ICC (Investment and Credit Company) under Section 45-IA of RBI Act
  • Non-deposit taking company
  • Complied with all applicable RBI regulations and directions
  • Maintained CRAR of 28.62% (Tier I: 28.39%, Tier II: 0.228%)

Auditor Reports

Statutory Auditors (M/s VP Jain & Associates):

  • Unmodified audit opinion
  • No fraud reported under Section 143(12)
  • Adequate internal financial controls
  • No material adverse observations

Secretarial Auditor (M/s Om Prakash Agrahari & Co.):

  • No adverse remarks, qualifications, or reservations
  • Company complied with all applicable laws and regulations

Other Material Information

  • No material changes affecting financial position between year-end and date of report
  • No dividend recommended for FY 2025-26
  • No funds raised during the year
  • No subsidiaries, joint ventures, or associate companies
  • No material orders passed by regulators or courts
  • 78.88% of equity shares held in dematerialized form
  • No CSR obligation as provisions not applicable
  • No complaints received under whistle blower mechanism
  • No cases under Sexual Harassment of Women at Workplace Act

Capital Structure Impact

  • No change in share capital during the year
  • No dilution or change in promoter holding structure

Cash Flow Implications

  • Net cash used in operating activities: ₹(299.13) lakhs
  • Net cash from financing activities: ₹512.00 lakhs (mainly borrowings)
  • Net increase in cash and equivalents: ₹212.87 lakhs
  • Cash and cash equivalents at year-end: ₹235.04 lakhs

Forward-looking Statements

Management remains committed to growing the business in a sustainable and compliant manner while creating long-term value for stakeholders. The company intends to leverage opportunities in the NBFC sector by expanding its lending portfolio and maintaining prudent risk management practices.