Key Quantitative Figures

  • Total Revenue (FY 2025-26): ₹2,415.89 lakhs (Previous Year: ₹2,395.90 lakhs)
  • Profit Before Tax (PBT) (FY 2025-26): ₹116.44 lakhs (Previous Year: ₹99.02 lakhs)
  • Profit After Tax (PAT) (FY 2025-26): ₹87.14 lakhs (Previous Year: ₹74.08 lakhs)
  • Earnings Per Share (EPS) (FY 2025-26): ₹1.20 (Previous Year: ₹1.61)
  • Paid-up Equity Share Capital (as on 31.03.2026): ₹728.71 lakhs (72,87,124 equity shares of ₹10 each) (Previous Year: ₹460.73 lakhs)
  • Final Dividend Recommended: ₹0.10 (Ten Paisa) per equity share for FY 2025-26.
  • Record Date for Dividend: Friday, 18th September 2026.
  • Directors' Remuneration (FY 2025-26): ₹24.00 lakhs each paid to Mr. Mohamedyaseen M. Nathani (MD) and Mr. Mohamedamin M. Nathani (WTD).
  • Employee Strength (on payroll): 99 as of 31st March 2026.

Dates of Action

  • AGM Date: Monday, 28th September 2026.
  • AGM Time: 04:00 PM.
  • AGM Venue: Registered Office at 703 Rajhans Complex, Nr. Kadiwala School, Ring Road, Surat-395002.
  • Cut-off Date for AGM: Monday, 21st September 2026.
  • Remote E-Voting Period: Commences Thursday, 24th September 2026 at 10:00 AM and ends Sunday, 27th September 2026 at 05:00 PM.
  • Last Date for Proxy Form Submission: Not later than 48 hours before the AGM.
  • Last Date for TDS Exemption Documents: 14th September 2026.

Parties Involved

  • Stock Exchange: BSE Limited (SME Platform).
  • Outgoing Statutory Auditor: M/s Kansariwala & Chevli, Chartered Accountants (Firm Reg. No. 123689W).
  • Incoming Proposed Statutory Auditor: M/s PSSP & Co., Chartered Accountants (Firm Reg. No. 0129147W).
  • Secretarial Auditor: M/s. JDM and Associates LLP.
  • Internal Auditor: M/s Jariwala & Associates, Chartered Accountants.
  • Registrar and Share Transfer Agent (RTA): Purva Sharegistry (India) Private Limited.
  • Bankers: ICICI Bank Ltd. and State Bank of India.
  • Scrutinizer for E-Voting: Mr. Dhaval Pareshkumar Master (Designated Partner of JDM and Associates LLP).

Business of the AGM

Ordinary Business

1. To receive, consider, and adopt the Audited Financial Statements for FY 2025-26.

2. To declare a final dividend of ₹0.10 per equity share for FY 2025-26.

3. To reappoint Mr. Mohamedyaseen Muhammadbhai Nathani (DIN: 02759578) as a Director liable to retire by rotation.

4. To appoint M/s. PSSP & Co. (Firm Reg. No. 0129147W) as Statutory Auditors for a term of 5 years, from the conclusion of the 19th AGM till the conclusion of the 24th AGM.

Special Business

5. To alter the Main Object Clause (Clause III(A)) of the Memorandum of Association (MoA) to include:

  • New Sub-Clause 3: Business of manufacturing, trading, importing, exporting, and dealing in all types of textile goods and garments.
  • New Sub-Clause 4: Business of establishing, operating, and managing hotels, resorts, restaurants, accommodation facilities, and allied hospitality services.

6. To approve the payment of remuneration of ₹60,00,000 per annum to Mr. Mohamedyaseen Muhammadbhai Nathani (MD & Chairman) for his remaining tenure from 06th January 2027 to 05th January 2029.

7. To approve the payment of remuneration of ₹60,00,000 per annum to Mr. Mohamedamin Mohammad Nathani (Whole Time Director) for his remaining tenure from 06th January 2027 to 05th January 2029.

Purpose/Rationale

  • Dividend: Distribution of profits to shareholders.
  • Auditor Change: Mandatory rotation after completion of the 5-year term by the previous auditor.
  • MoA Alteration: To diversify and expand business operations into the textile and hospitality sectors, providing greater flexibility to pursue new opportunities.
  • Director Remuneration: To secure shareholder approval for the continuation of remuneration for the key managerial personnel for the approved tenure of their appointment, as required under the Companies Act, 2013.

Financial and Operational Impact (As Disclosed)

  • Capital Structure Impact: The paid-up share capital increased due to the allotment of 26,72,224 bonus shares (issued July 2025) and 7,605 equity shares under ESOP (allotted January 2026).
  • Cash Flow Implications:
  • Dividend payout, if approved, will result in a cash outflow. Amount not quantified in the disclosure.
  • Payment of remuneration to directors will result in a cash outflow.
  • Contingent Exposure: None disclosed.

Forward-Looking Commentary

  • The company aims to achieve PAN India coverage in the debt recovery sector.
  • The proposed alteration of the MoA is intended to diversify revenue streams and utilize resources across additional business sectors (Textiles and Hospitality).
  • The company believes that organizations combining domain expertise, technology, and compliance discipline are better positioned in the evolving debt collection industry.

Other Material Disclosures

  • Unclaimed Dividend: The company has unclaimed interim dividend pertaining to FY 2024-25.
  • ESOP: The company operates the "FBSL-ESOS 2023" plan. 7,605 equity shares were allotted on 2nd January 2026 upon exercise of options.
  • Compliance: The Secretarial Audit Report noted one observation: A revised Shareholding Pattern for the quarter ended 31.03.2025 was filed on 05.05.2025, after the prescribed timeline. The company stated it rectified the discrepancies raised by the Stock Exchange.
  • Related Party Transactions: Disclosed transactions include payment of remuneration to directors/KMPs, rent paid to directors, and purchases from a sister concern (Nathani Software Pvt. Ltd.).
  • Internal Financial Controls: The Statutory Auditors and the Board have stated that the company has adequate internal financial controls.