Limited Review Report
RSM & Associates conducted a limited review of Challani Capital Limited's (formerly known as Indo Asia Finance Limited) unaudited financial results for the quarter ended 30th September 2026. The review was performed in accordance with Standard on Review Engagement (SRE) 2400 issued by the Institute of Chartered Accountants of India. Based on their review, nothing came to their notice that causes them to believe that the financial results prepared in accordance with applicable accounting standards have not disclosed the information required under SEBI LODR Regulation 33, or that they contain any material misstatement. The report was signed by Renuka Ramesh, Partner (M.No. 205295) on 11th November 2026.
Unaudited Financial Results (Quarter Ended 30th September 2026)
Income Statement Highlights (₹ in Lakhs):
- Revenue from operations: ₹33.87 (Q2 FY2026) vs ₹33.65 (Q1 FY2026) vs ₹35.55 (Q2 FY2025)
- Other income: ₹0.39 (Q2 FY2026) vs ₹0.39 (Q1 FY2026) vs ₹0.00 (Q2 FY2025)
- Total income: ₹34.21 (Q2 FY2026) vs ₹34.04 (Q1 FY2026) vs ₹35.55 (Q2 FY2025)
- Employee benefit expenses: ₹5.00 (Q2 FY2026) vs ₹4.61 (Q1 FY2026) vs ₹8.40 (Q2 FY2025)
- Depreciation and amortization: ₹0.10 (Q2 FY2026) vs ₹0.10 (Q1 FY2026) vs ₹0.10 (Q2 FY2025)
- Provisions and write-offs: ₹6.14 (Q2 FY2026) vs ₹4.44 (Q1 FY2026) vs ₹9.41 (Q2 FY2025)
- Other expenses: ₹7.71 (Q2 FY2026) vs ₹7.83 (Q1 FY2026) vs ₹12.68 (Q2 FY2025)
- Total expenses: ₹19.03 (Q2 FY2026) vs ₹16.98 (Q1 FY2026) vs ₹30.59 (Q2 FY2025)
- Profit before tax: ₹15.17 (Q2 FY2026) vs ₹17.06 (Q1 FY2026) vs ₹4.97 (Q2 FY2025)
- Net profit for the period: ₹15.17 (Q2 FY2026) vs ₹17.06 (Q1 FY2026) vs ₹4.97 (Q2 FY2025)
- Earnings per share (Basic and Diluted): ₹0.10 (Q2 FY2026) vs ₹0.11 (Q1 FY2026) vs ₹0.03 (Q2 FY2025)
Half-Year Performance (₹ in Lakhs):
- Revenue from operations: ₹67.47 (H1 FY2026) vs ₹109.99 (H1 FY2025)
- Total income: ₹68.25 (H1 FY2026) vs ₹109.99 (H1 FY2025)
- Net profit: ₹32.23 (H1 FY2026) vs ₹49.36 (H1 FY2025)
- EPS (Basic and Diluted): ₹0.21 (H1 FY2026) vs ₹0.33 (H1 FY2025)
Capital Structure:
- Paid-up equity share capital: ₹1,500.00 lakh (face value ₹10 per share) remained unchanged across all periods
Statement of Assets and Liabilities (₹ in Lakhs)
Assets as at 30.09.2026:
- Cash and cash equivalents: ₹230.40
- Loans: ₹593.18
- Investments: ₹3.93
- Other financial assets: ₹4.58
- Current tax assets (net): ₹129.86
- Deferred tax assets (net): ₹42.61
- Investment property: ₹19.57
- Property, plant and equipment: ₹10.70
- Other non-financial assets: ₹16.61
- Total assets: ₹1,051.44
Liabilities as at 30.09.2026:
- Other payables (creditors other than Micro and Small Enterprises): ₹1.75
- Borrowings (other than debt securities): ₹54.57
- Other financial liabilities: ₹2.74
- Other non-financial liabilities: ₹150.52
- Equity share capital: ₹1,500.00
- Other equity: -₹638.15
- Total liabilities and equity: ₹1,051.44
Cash Flow Statement (₹ in Lakhs)
Quarter Ended 30.09.2026:
- Net cash from operating activities: ₹39.80
- Net cash used in investing activities: ₹0.00
- Net cash used in financing activities: ₹0.00
- Net increase in cash and cash equivalents: ₹39.80
- Opening cash balance: ₹214.04
- Closing cash balance: ₹253.84
Segment Information (₹ in Lakhs)
Quarter Ended 30.09.2026:
- Financing Activities segment revenue: ₹33.82
- Supply Chain and Trade Facilitation Services segment revenue: ₹0.00
- Total segment revenue: ₹33.82
Additional Information
- The company has adopted Indian Accounting Standards (Ind AS) from 1st April 2018
- The company is primarily engaged in the business of financing
- The company has identified two reportable segments: Financing Activities, and Supply Chain and Trade Facilitation Services
- Other income includes recovery of bad debts previously written off
- The results were reviewed by the Audit Committee and approved by the Board of Directors on 11th November 2026
- Previous period figures have been regrouped/rearranged wherever necessary