The Board approved the following items:

1. The unaudited standalone financial results for the quarter ended June 30, 2026, along with the Limited Review Report.

2. The scheduling of the 36th Annual General Meeting (AGM) of the Company for Wednesday, September 23, 2026, to be conducted through Video Conferencing/Other Audio-Visual Means.

Financial Results Highlights (Rs. in Lakhs, unless stated)

Quarter ended June 30, 2026 (Unaudited):

  • Total Revenue from Operations: Rs. 41.90
  • Interest Income: Rs. 21.03
  • Dividend Income: Rs. 0.06
  • Gain on fair value changes: Rs. 4.16
  • Income from services: Rs. 16.65
  • Other Income: Rs. 0.12
  • Total Income: Rs. 42.02
  • Total Expenses: Rs. 15.28
  • Finance costs: Rs. 1.49
  • Loss on fair value changes: Rs. 0.04
  • Employee benefit expenses: Rs. 4.79
  • Depreciation, amortization and impairment: Rs. 3.65
  • Other expenses: Rs. 5.32
  • Profit before tax: Rs. 26.74
  • Total Tax Expense: Rs. 6.39
  • Current tax: Rs. 5.70
  • Deferred tax: Rs. 0.70
  • Profit for the period: Rs. 20.35
  • Earnings Per Share (EPS) (not annualized):
  • Basic: Rs. 0.41
  • Diluted: Rs. 0.41
  • Paid-up equity share capital: Rs. 499.72 lakhs
  • Face value per share: Rs. 10.00

Comparative Figures:

  • Quarter ended March 31, 2026 (Audited): Profit of Rs. 13.22 lakhs, EPS of Rs. 0.26
  • Quarter ended June 30, 2025 (Unaudited): Profit of Rs. 16.43 lakhs, EPS of Rs. 0.33
  • Year ended March 31, 2026 (Audited): Profit of Rs. 55.46 lakhs, EPS of Rs. 1.11
  • Year ended March 31, 2025 (Audited): Profit of Rs. 83.79 lakhs, EPS of Rs. 1.68

Notes to the Financial Statements

1. The financial results were reviewed by the Audit Committee and approved by the Board on 10th August 2026. The Statutory Auditors, M/s. Srivatsan & Associates, have issued a limited review report.

2. The results are prepared in accordance with Indian Accounting Standard (Ind AS) 34 - Interim Financial Reporting.

3. The Company has an Inter-corporate Deposit (ICD) of INR 200 Lakhs given to M/s. Aryav Exports Private Limited on July 4, 2017. No interest has been received on this ICD to date, and consequently, no accrued interest has been recognized in the books for the quarter ended June 30, 2026. This was a matter of modified opinion in the previous audited results.

4. The accrued interest on the above-mentioned loans remains outstanding at its full value. No provision has been made based on prudential norms. Management believes, based on discussions with the customer, that full repayment is expected. This was also a matter of modified opinion in the previous audited results.

5. The Company operates as a Non-Banking Financial Company (NBFC) and has only one reportable segment as per Ind AS 108.

Limited Review Report - Key Qualifications

Srivatsan & Associates, Chartered Accountants (Firm Registration No. 014921S), issued a limited review report with a qualified conclusion. The key matters raising concern are:

  • Note 3 & 4: The company has not received interest on the ICD of Rs. 200 Lakhs given to Aryav Exports Private Limited and has not accrued any interest for the quarter. No provision has been made for the outstanding receivable.
  • Impact on Net Owned Funds: If a provision were made for the outstanding balance, the company's net owned funds would fall below the minimum limit prescribed under Section 45-IA of the RBI Act, 1934 for an NBFC.
  • Going Concern: This situation casts significant doubt on the company's ability to continue as an NBFC and as a going concern. Its continuity depends on the infusion of further capital to meet RBI's minimum net owned funds criteria within the prescribed time limit and on identifying alternative business plans.

The auditor's conclusion is qualified in respect of these matters. Except for these effects, nothing has come to their attention that causes them to believe the Statement is not prepared in all material respects per Ind AS and SEBI LODR requirements.

Additional Information

A copy of the financial results and the limited review report has been submitted to BSE Limited and is also available on the company's website at www.dharanifinance.com.