1. Unaudited Financial Results for Q1 FY27

The Board approved the unaudited financial results for the quarter ended June 30, 2026, as recommended by the Audit Committee. The results were reviewed by the statutory auditors, M/s. B.L. Dasharda & Associates, who issued a limited review report.

Financial Highlights (Standalone):

  • Revenue from Operations: ₹29,092 lakh for Q1 FY27 (compared to ₹(302.94) lakh in Q1 FY26)
  • Total Expenses: ₹29,092 lakh for Q1 FY27
  • Profit/(Loss) before tax: ₹290.92 lakh for Q1 FY27 (compared to ₹(302.94) lakh loss in Q1 FY26)
  • Tax Expense: ₹9.80 lakh (Current tax: ₹9.80 lakh, Deferred tax: ₹(0.08) lakh)
  • Net Profit/(Loss): ₹281.20 lakh for Q1 FY27 (compared to ₹(299.10) lakh loss in Q1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹4.58 for Q1 FY27 (compared to ₹(4.82) loss in Q1 FY26)
  • Paid-up Equity Share Capital: ₹620.00 lakh

2. Appointment of Additional Independent Director

The Board approved the appointment of Mr. Sanjay Rasiklal Dholakia (DIN: 11831235) as an Additional Independent Director (Non-Executive) effective July 28, 2026, upon recommendation of the Nomination and Remuneration Committee. The appointment is subject to shareholder approval.

Director Details:

  • Term: 5 years
  • Relationship: Not related to any Director, Key Managerial Personnel, or Promoters of the Company
  • Shareholding: Holds no shares in the Company
  • Background: Mumbai-based Practicing Company Secretary with over 35 years of experience in Corporate Laws, Secretarial Practice, Corporate Governance, and Regulatory Compliance

3. Reconstitution of Board Committees

The Board approved the reconstitution of various committees consequent to the appointment of the new Independent Director, in compliance with the Companies Act, 2013 and SEBI Listing Regulations.

Audit Committee Composition:

  • Mr. Jitendra Kantilal Vakharia (Member)
  • Mr. Nitin I. Parekh (Member)
  • Mr. Sanjay Rasiklal Dholakia (Member, appointed w.e.f. July 28, 2026)

Nomination Remuneration Committee Composition:

  • Mr. Kiron B. Shenoy (Chairperson and Member)
  • Mrs. Varsha J. Vakharia (Member)
  • Mr. Jitendra K. Vakharia (Member)
  • Mr. Nitin I. Parekh (Member)
  • Mr. Sanjay Rasiklal Dholakia (Member, appointed w.e.f. July 28, 2026)

4. Appointment of Statutory Auditors

The Board approved the appointment of M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W, Peer Review Certificate No. 018089) as the Statutory Auditors of the Company, replacing the retiring auditors M/s. B.L. Dasharda & Associates (ICAI Firm Registration No.: 112615W).

Auditor Details:

  • Term: 3 consecutive years from the conclusion of the 37th AGM until the conclusion of the 40th AGM
  • Background: Professionally managed firm established in 2017, led by founder partner Ms. Swati Panchal (ICAI member since 2012)
  • The appointment is subject to shareholder approval

5. 37th Annual General Meeting

The Board approved convening the 37th Annual General Meeting on Wednesday, September 16, 2026, through Video Conferencing/Other Audio-Visual Means in accordance with MCA and SEBI circulars.

Meeting Details:

  • The Notice of AGM and Annual Report for FY 2025-26 will be sent electronically to members
  • The Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 16, 2026 (both days inclusive)

Additional Information

The company is registered as an NBFC with Registration No. N-13.02443 dated December 19, 2022, and has a networth of less than ₹250 crores. The financial results have been prepared in accordance with Ind AS 34 and SEBI LODR Regulations.