Meeting Details and Corporate Governance
- 32nd AGM: Convened on September 7, 2026, through video conferencing with cut-off date of September 1, 2026 for voting eligibility
- Key Resolutions: Adoption of financial statements, re-appointment of director Keshav Porwal, revision of his remuneration to ₹3 crore annually, approval for ₹300 crore debt fundraising, and material related party transactions with Rapipay Fintech worth ₹120 crore
- Voting Process: Remote e-voting available from September 4-6, 2026 through KFin Technologies Limited as RTA
Financial Performance Highlights
Standalone Results (FY 2025-26)
- Total Income: ₹229.67 crore (Previous year: ₹206.14 crore)
- Profit Before Tax: ₹45.41 crore (Previous year: ₹12.88 crore)
- Profit After Tax: ₹40.36 crore (Previous year: ₹11.78 crore)
- Exceptional Item: Gain of ₹97.92 crore from sale of 99.82% stake in Capital India Home Loans Limited to Weaver Services Private Limited
- Total Assets: ₹171.12 crore with loan assets of ₹112.69 crore (66% of total assets)
- Capital Adequacy: CRAR 40.99% (Tier I: 40.76%, Tier II: 0.23%)
Consolidated Results (FY 2025-26)
- Total Income: ₹330.54 crore (FY25: ₹370.02 crore)
- Profit After Tax: ₹38.89 crore (FY25: ₹1.55 crore)
- Segment Performance: Lending business revenue ₹532.84 crore, Prepaid Payment Instrument business revenue ₹303.32 crore, Forex business revenue ₹24.93 crore
- Subsidiaries: Includes Rapipay Fintech Private Limited (52.50% ownership) and step-down subsidiaries NYE Investech and Rapipay Payments
Auditor's Report and Key Findings
Auditor: V Sankar Aiyar & Co. (FRN 109208W) with partner S Nagabushanam
Opinion: Unmodified opinion on both standalone and consolidated financial statements
Key Audit Matters:
1. Expected Credit Loss (ECL) Assessment: Carrying value of loan assets ₹112.69 crore (net of ECL allowance ₹22.37 crore) with focus on data inputs, qualitative factors, and economic scenarios
2. Information Technology Systems: Controls over financial reporting due to large volume of daily transactions
3. Investment in Subsidiaries: Impairment assessment involving significant management judgment
Significant Corporate Actions
1. Subsidiary Sale: Completed sale of entire 99.82% stake in Capital India Home Loans Limited on August 11, 2025
2. Share Split: Equity shares sub-divided from face value ₹10 to ₹2 per share effective February 17, 2025
3. ESOP Transactions: Allotted 19,24,406 equity shares pursuant to employee stock option exercises
4. Dividend: No dividend recommended for FY26
Regulatory Compliance and Financial Position
- RBI Registration: NBFC-Middle Layer (CoR No. B-14.03278) and Authorised Category II Forex Dealer (NDL-ADII-0044-2023)
- Financial Position: Total consolidated assets included cash ₹22.34 crore, bank balances ₹9.31 crore, loans and advances ₹112.69 crore, investments ₹21.00 crore
- Liabilities: Borrowings ₹87.98 crore, debt securities ₹5.11 crore, lease liabilities ₹3.05 crore
- Equity: Share capital ₹7.82 crore, other equity ₹59.50 crore
Related Party Transactions and Governance
- Significant Transactions: Royalty paid to Capital India Corp Private Limited ₹0.70 crore, commission expenses to Rapipay Fintech ₹36.99 crore
- Board Composition: Includes independent directors Vinod Somani, Yogendra Pal Singh, Rashmi Fauzdar, Dalbir Singh Suhag, and Jyuthika Mahendra Jivani
- Key Management: Keshav Porwal (Managing Director), Pinank Jayant Shah (CEO), Vikas Srivastava (CFO), Sulabh Kaushal (Company Secretary)
Additional Information
- Company Details: CIN L74899DL1994PLC128577, Registered Office in New Delhi, Listed on BSE (Scrip Code: 530879) and NSE (Symbol: CIFL)
- CSR Expenditure: ₹0.40 crore spent on rural development, livelihood, health, and education against obligation of ₹0.36 crore
- Contingent Liabilities: GST demand of ₹0.28 crore disputed and under appeal
- Compliance: No material orders from regulators/courts impacting going concern status, all related party transactions at arm's length basis