Board Meeting Details

The Board of Directors meeting was held on Monday, May 25, 2026 from 4:05 pm to 4:35 pm.

Key Business Transacted

1. Financial Results Approval

  • Approved Audited Standalone and Consolidated Financial Results for Q4 and financial year ended March 31, 2026
  • Approved Cash Flow Statement, Statement of Assets and Liabilities, and auditor's report
  • Results attached as Annexure 1

2. Dividend Declaration

  • Recommended final dividend of ₹25 per equity share of face value ₹10 each for FY26
  • Subject to approval of shareholders in the ensuing Annual General Meeting

3. Internal Auditor Appointment

  • Appointed M/s Ravi Shah & Associates, Chartered Accountants (FRN: 125079W) as Internal Auditor for financial year 2026-27
  • Address: 10, Shriniket Apartments, 23, Bajaj Road, Vile Parle (West), Mumbai 400056
  • Appointment date: May 25, 2026
  • Term: Financial Year 2026-2027
  • No relationship with any directors of the company

4. Auditor Opinion Declaration

  • Statutory Auditor issued unmodified opinion on both Standalone and Consolidated Financial Statements for FY26
  • Declaration submitted as per Regulation 33(3)(d) of SEBI LODR Regulations

Financial Results Summary (Standalone)

Income Statement (Amount in ₹ Lakhs)

| Particulars | Q4 Mar 2026 | Q3 Dec 2025 | Q4 Mar 2025 | FY Mar 2026 | FY Mar 2025 |

| Dividend Income | 56.18 | 1,279.22 | 56.65 | 7,381.28 | 9,411.47 |

| Interest Income | 48.50 | 16.77 | 19.71 | 214.37 | 54.63 |

| Net gain/(loss) on fair value changes | -3,396.40 | 2,355.00 | -1,260.48 | 1,760.13 | 4,376.82 |

| Total Revenue | -3,291.71 | 3,650.99 | -1,184.11 | 9,355.78 | 13,842.93 |

| Other Income | 34.67 | 30.75 | 127.88 | 126.92 | 220.13 |

| Total Income | -3,257.05 | 3,681.74 | -1,056.23 | 9,482.70 | 14,063.06 |

| Total Expenses | 215.91 | 87.46 | 276.57 | 474.06 | 496.05 |

| Profit/(Loss) before tax | -3,472.96 | 3,594.28 | -1,332.80 | 9,008.64 | 13,567.01 |

| Tax Expense | -1,599.37 | 897.54 | -3.54 | 1,385.84 | 3,469.86 |

| Profit/(Loss) for the year | -1,873.59 | 2,696.75 | -1,329.26 | 7,622.80 | 10,097.15 |

| Other Comprehensive Income | -1,46,633.58 | 1,01,791.65 | -36,476.51 | -42,147.56 | -1,85,681.07 |

| Total Comprehensive Income | -1,48,507.17 | 1,04,488.40 | -37,805.77 | -34,524.76 | -1,75,583.92 |

| EPS Basic (₹) | -936.79 | 1,348.37 | -664.63 | 3,811.40 | 5,048.57 |

| EPS Diluted (₹) | -936.79 | 1,348.37 | -664.63 | 3,811.40 | 5,048.57 |

Balance Sheet (Standalone) as at March 31, 2026 (₹ Lakhs)

  • Financial Assets: ₹6,90,832.79
  • Non-Financial Assets: ₹3,531.05
  • Total Assets: ₹6,94,363.85
  • Financial Liabilities: ₹9.89
  • Non-Financial Liabilities: ₹92,079.49
  • Equity Share Capital: ₹20.00
  • Other Equity: ₹6,02,254.47
  • Total Equity: ₹6,02,274.47

Cash Flow Statement (Standalone) FY2026 (₹ Lakhs)

  • Cash from Operating Activities: ₹4,984.14
  • Cash from Investing Activities: ₹-4,955.72
  • Cash from Financing Activities: ₹-50.01
  • Net Change in Cash: ₹-21.59
  • Opening Cash: ₹89.37
  • Closing Cash: ₹67.78

Financial Results Summary (Consolidated)

Income Statement (Amount in ₹ Lakhs)

| Particulars | Q4 Mar 2026 | Q3 Dec 2025 | Q4 Mar 2025 | FY Mar 2026 | FY Mar 2025 |

| Dividend Income | 56.18 | 1,279.22 | 56.65 | 7,381.28 | 9,411.47 |

| Interest Income | 48.50 | 16.77 | 19.71 | 214.37 | 54.63 |

| Net gain/(loss) on fair value changes | -6,428.34 | 4,908.74 | -1,703.86 | 5,942.35 | 11,868.00 |

| Total Revenue | -6,323.66 | 6,204.73 | -1,627.50 | 13,538.00 | 21,334.10 |

| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |

| Total Income | -6,323.66 | 6,204.73 | -1,627.50 | 13,538.00 | 21,334.10 |

| Total Expenses | 299.40 | 151.97 | 368.77 | 743.93 | 729.13 |

| Profit/(Loss) before tax | -6,623.06 | 6,052.76 | -1,996.26 | 12,794.08 | 20,604.97 |

| Tax Expense | -2,500.94 | 1,314.93 | -48.24 | 1,942.04 | 5,305.41 |

| Profit/(Loss) for the year | -4,122.11 | 4,737.84 | -1,954.02 | 10,852.04 | 15,299.56 |

| Other Comprehensive Income | -2,10,280.78 | 1,46,019.11 | -52,354.33 | -60,308.76 | -2,66,848.30 |

| Total Comprehensive Income | -2,14,402.89 | 1,50,756.95 | -54,308.35 | -49,456.72 | -2,51,548.74 |

| EPS Basic (₹) | -2,061.05 | 2,368.92 | -977.01 | 5,426.02 | 7,649.78 |

| EPS Diluted (₹) | -2,061.05 | 2,368.92 | -977.01 | 5,426.02 | 7,649.78 |

Balance Sheet (Consolidated) as at March 31, 2026 (₹ Lakhs)

  • Financial Assets: ₹9,95,705.73
  • Non-Financial Assets: ₹4,244.22
  • Total Assets: ₹9,99,949.95
  • Financial Liabilities: ₹17.91
  • Non-Financial Liabilities: ₹1,32,587.10
  • Equity Share Capital: ₹20.00
  • Other Equity: ₹8,67,324.94
  • Total Equity: ₹8,67,344.94

Cash Flow Statement (Consolidated) FY2026 (₹ Lakhs)

  • Cash from Operating Activities: ₹6,965.19
  • Cash from Investing Activities: ₹-6,916.22
  • Cash from Financing Activities: ₹-50.01
  • Net Change in Cash: ₹-1.04
  • Opening Cash: ₹231.46
  • Closing Cash: ₹230.41

Subsidiaries Included in Consolidation

1. Murahar Investments And Trading Company Limited (Wholly Owned Subsidiary)

2. Suptaswar Investments And Trading Company Limited (Wholly Owned Subsidiary)

Company Classification

The company is a Non-Banking Financial Company with activities limited to investment company operations. No separate reporting segments as per Ind AS 108.

Notes to Financial Results

  • Figures prepared in accordance with Indian Accounting Standards (Ind AS)
  • Q4 figures are balancing figures between audited full year and published unaudited YTD figures up to Q3
  • Previous periods' figures regrouped/recomputed where necessary
  • Earnings per share for interim period not annualized
  • 2,00,000 equity shares of ₹10 each fully paid-up