Financial Results Overview

Quarter Ended September 30, 2026 (₹ in Lakhs):

  • Revenue from Operations: ₹145.14
  • Other Income: ₹0.90
  • Total Income: ₹146.05
  • Total Expenses: ₹65.57
  • Profit Before Tax: ₹80.48
  • Tax Expense: ₹20.31 (Current tax: ₹20.88, Deferred tax: ₹-0.57)
  • Net Profit for the Period: ₹60.17
  • Basic & Diluted EPS: ₹0.33

Half Year Ended September 30, 2026 (₹ in Lakhs):

  • Revenue from Operations: ₹295.52
  • Other Income: ₹1.81
  • Total Income: ₹297.33
  • Total Expenses: ₹144.61
  • Profit Before Tax: ₹152.73
  • Tax Expense: ₹34.05 (Current tax: ₹39.56, Deferred tax: ₹-5.51)
  • Net Profit for the Period: ₹118.68
  • Basic & Diluted EPS: ₹0.64

Comparative Performance

Compared to previous periods:

  • Q2 FY26 Net Profit: ₹67.10 lakhs (vs ₹60.17 lakhs in Q2 FY27)
  • H1 FY26 Net Profit: ₹121.09 lakhs (vs ₹118.68 lakhs in H1 FY27)
  • Full Year FY26 Net Profit: ₹217.81 lakhs

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹6,921.89 lakhs
  • Financial Assets: ₹6,240.21 lakhs (including Loans: ₹5,223.58 lakhs, Investments: ₹862.78 lakhs)
  • Total Liabilities: ₹2,000.19 lakhs
  • Equity: ₹4,921.70 lakhs (Share Capital: ₹1,866.96 lakhs, Other Equity: ₹3,054.74 lakhs)

Cash Flow Statement

  • Net cash used in operating activities: ₹(623.18) lakhs
  • Net cash used in investing activities: ₹(5.49) lakhs
  • Net cash generated from financing activities: ₹628.67 lakhs
  • Cash and cash equivalents: ₹2.69 lakhs (unchanged from beginning of year)

SEBI Regulatory Matter

The company received a final order from SEBI that:

  • Restrained the company from accessing the securities market for 6 years
  • Imposed an individual monetary penalty of ₹2.00 crore
  • Directed joint and several disgorgement of ₹17.75 crore along with applicable interest

The company filed an appeal before the Securities Appellate Tribunal (SAT) in Appeal No. 264 of 2026. SAT granted an interim order dated October 8, 2026, staying recovery subject to deposit of:

  • 50% of individual penalty (₹1.00 crore)
  • 50% of disgorgement amount (₹8.875 crore, jointly or severally)

Pursuant to SAT directions, the company deposited the required ₹9.875 crore with SEBI within the stipulated timeline. This amount is carried under Other Financial Assets/Deposits.

No provision has been recognized in the financial results for the balance demand of ₹9.875 crore (plus applicable interest), which is disclosed as a contingent liability pending final disposal of the appeal.

Auditor's Review

The unaudited financial results were reviewed by statutory auditors M/s. H S K & CO LLP, who issued an unmodified opinion with an Emphasis of Matter paragraph drawing attention to the SEBI order and SAT interim order.

Operational Segment

The company operates as a single reportable segment comprising investment and lending/financing activities, earning income through interest, dividend, gains from investments, and other related income.