Board Meeting Details

The Meeting of Board of Directors was held on Monday, 26th October, 2026, commencing at 12:45 PM and concluding at 4:55 PM.

Key Decisions Approved

1. Unaudited Financial Results: Approved and taken on record the Unaudited Financial Results of the Company for the Quarter and Half year ended 30th September, 2026, along with Limited Review Report in accordance with regulation 33 of SEBI (LODR) Regulations, 2015.

2. Rights Issue Approval: Approved to raise funds not exceeding ₹80,00,00,000 (Rupees Eighty Crores only) through a Rights Issue to eligible equity shareholders as on record date (to be notified subsequently). The issue will be in ratio of 4:1 Equity Shares on Rights Basis to existing shareholders. The issuance is subject to receipt of requisite statutory and regulatory approvals and will comply with SEBI (ICDR) Regulations, 2018, SEBI Listing Regulations, and Companies Act, 2013.

3. Rights Issue Committee: The Board constituted a "Rights Issue Committee" and delegated authority to this committee to consider and approve the Draft Letter of Offer and undertake all necessary acts related to the proposed rights issue.

Financial Results Overview (Standalone)

Income Statement Highlights (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹569.02
  • Profit/(Loss) before tax: (₹222.28)
  • Net Profit/(Loss) after tax: (₹200.03)
  • Basic and Diluted EPS: (₹0.10)

Half Year Ended September 30, 2026:

  • Total Income: ₹963.72
  • Profit/(Loss) before tax: (₹437.47)
  • Net Profit/(Loss) after tax: (₹398.32)
  • Basic and Diluted EPS: (₹0.20)

Breakdown of Income from Operations (H1 FY27):

  • Interest Income: ₹619.34
  • Dividend Income: ₹0.05
  • Fees and Commission Income: ₹333.61
  • Net gain on Fair value changes: ₹9.77

Expenses (H1 FY27):

  • Finance Costs: ₹231.86
  • Fees and Commission expenses: ₹466.39
  • Impairment on financial instruments: ₹219.03
  • Employee benefits expenses: ₹181.30
  • Depreciation and amortisation expenses: ₹16.83
  • Other expenses: ₹208.02

Balance Sheet Position as at September 30, 2026 (₹ in Lakhs)

Assets:

  • Total Assets: ₹7,507.27
  • Financial Assets: ₹7,269.27 (Cash & cash equivalents: ₹379.89, Loans: ₹6,532.21, Investments: ₹313.17, Other Financial assets: ₹44.00)
  • Non-financial Assets: ₹238.00 (Current tax assets: ₹9.99, Deferred tax Assets: ₹150.70, Property, Plant and Equipment: ₹29.04, Other Intangible assets: ₹2.21, Right of Use Assets: ₹38.13, Other non-financial assets: ₹7.92)

Liabilities and Equity:

  • Total Liabilities: ₹6,311.89
  • Financial Liabilities: ₹5,853.94 (Trade Payables: ₹10.94, Borrowings: ₹5,100.00, Lease Liabilities: ₹37.83, Other financial liabilities: ₹705.18)
  • Non-Financial Liabilities: ₹457.95 (Provisions: ₹437.89, Other non-financial liabilities: ₹20.05)
  • Equity: ₹1,195.38 (Equity Share capital: ₹2,000.00, Other Equity: (₹804.62))

Cash Flow Statement (H1 FY27, ₹ in Lakhs)

  • Net cash outflow from operating activities: (₹2,984.86)
  • Net cash outflow from investing activities: (₹43.30)
  • Net cash inflow from financing activities: ₹2,950.00
  • Net decrease in cash and bank balances: (₹78.15)
  • Cash and cash equivalents at beginning: ₹458.04
  • Cash and cash equivalents at end: ₹379.89

Shareholding Pattern

  • Promoters and Promoter Group: 74.90% (149,800,000 shares)
  • Public Shareholding: 25.10% (50,200,000 shares)
  • No shares pledged/encumbered by promoters

Auditor Review

N C Vaishnav & Co, Chartered Accountants (FRN: 112712W) issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

Additional Information

  • The company completed a stock-split during the previous year, reducing face value from ₹10 to ₹1 per share
  • No investor complaints were pending or received during the quarter
  • The financial results are prepared in compliance with Indian Accounting Standards (Ind AS)
  • The company is primarily engaged in finance activities