Board Meeting Details

The Board of Directors meeting was held on May 29, 2026, at the Registered Office of the Company. The meeting commenced at 03:00 PM (IST) and concluded at 04:25 PM (IST).

Key Board Approvals

  • Approved Audited Financial Results for the Quarter and Year ended March 31, 2026
  • Recommended final dividend of ₹1.50 per Equity Share of ₹10 each for FY26, subject to shareholder approval at ensuing AGM
  • Appointed M/s. Vipinchandra C. Shah & Co., Practicing Chartered Accountants, as Internal Auditor for Financial Year 2026-2027

Financial Results Summary (₹ in lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Total Income: ₹679.77 vs ₹751.40 (previous year)
  • Profit Before Tax: ₹281.45 vs ₹216.18
  • Net Profit: ₹210.85 vs ₹159.21
  • Basic EPS: ₹6.11 vs ₹4.61

Annual Performance (FY26 vs FY25)

  • Total Income: ₹2,662.58 vs ₹2,639.08
  • Profit Before Tax: ₹1,029.88 vs ₹930.55
  • Net Profit: ₹771.62 vs ₹679.90 (13.5% increase)
  • Basic EPS: ₹22.37 vs ₹19.71
  • Total Comprehensive Income: ₹762.82 vs ₹672.61

Revenue Breakdown FY26

  • Interest Income: ₹2,653.87
  • Other Income: ₹8.71

Expense Breakdown FY26

  • Finance Costs: ₹390.05
  • Impairment of financial instruments: ₹107.39
  • Employee Benefit Expenses: ₹423.31
  • Depreciation and amortization: ₹43.04
  • Other expenses: ₹668.91

Tax Expense FY26

  • Current Tax: ₹256.05
  • Short/(Excess) Provision of earlier years: (₹4.19)
  • Deferred Tax: ₹6.40
  • Total Tax Expense: ₹258.26

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

Assets

  • Total Financial Assets: ₹11,514.22 (primarily Loans: ₹11,373.70)
  • Total Non-Financial Assets: ₹1,055.83
  • Property, Plant and Equipment: ₹661.09
  • Total Assets: ₹12,570.05

Liabilities and Equity

  • Total Financial Liabilities: ₹4,909.47 (primarily Borrowings: ₹4,346.26)
  • Total Non-Financial Liabilities: ₹77.23
  • Equity Share Capital: ₹345.00 (unchanged)
  • Other Equity: ₹7,959.77 (vs ₹7,238.35 previous year)
  • Total Equity: ₹8,304.77
  • Total Liabilities and Equity: ₹12,570.05

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

  • Net Cash Flow from Operating Activities: ₹408.96
  • Net Cash Flow from Investing Activities: ₹1.22
  • Net Cash Flow from Financing Activities: (₹370.72)
  • Net Increase in Cash & Cash Equivalents: ₹38.85

Key Notes to Financial Statements

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI/RBI guidelines
  • Impairment allowances under Ind AS 109 exceed total provision required under IRACP norms, no transfer to impairment reserve needed
  • Assessed impact of New Labour Code consolidation - no material financial impact identified
  • Company operates primarily in one business segment: Finance
  • Previous period figures regrouped/rearranged for consistency

Audit Details

  • Audited by Kantilal Patel & Co. (FRN: 104744W)
  • Unmodified audit opinion provided on financial results
  • Audit report signed by Jinal A. Patel (Partner, Membership No.: 153599)
  • Declaration provided by CFO Devang Shah confirming unmodified opinion

Internal Auditor Appointment

  • M/s. Vipinchandra C. Shah & Co. appointed as Internal Auditor for FY27
  • Firm Registration No.: 111541W (peer reviewed firm)
  • Partners: Vipinchandra Shah and Mohit Shah with experience in Taxation Law, Auditing, SEBI, FEMA, NBFC
  • Firm based in Nadiad, Gujarat