Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 03:30 PM and concluding at 04:30 PM. The meeting approved the Un-Audited Standalone Financial Results for the quarter and half year ended September 30, 2026.

Financial Results Overview

Income Statement (Amount in ₹ Lakh)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹74.84
  • Interest Income: ₹64.15
  • Fees and Commission Income: ₹10.69
  • Total Income: ₹74.84
  • Total Expenses: ₹67.29
  • Finance Cost: ₹2.10
  • Impairment of Financial Instruments: ₹35.02
  • Employee Benefit Expense: ₹5.05
  • Depreciation: ₹0.14
  • Fees and Commission Expenses: ₹16.30
  • Other Expenses: ₹8.68
  • Profit Before Tax: ₹7.56
  • Tax Expense: ₹0.51
  • Current Tax: ₹2.22
  • Deferred Tax: (₹1.71)
  • Net Profit: ₹7.05
  • Earnings Per Share (Basic & Diluted): ₹0.14

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹162.75
  • Interest Income: ₹122.62
  • Fees and Commission Income: ₹40.13
  • Total Income: ₹162.75
  • Total Expenses: ₹136.94
  • Finance Cost: ₹4.80
  • Impairment of Financial Instruments: ₹69.46
  • Employee Benefit Expense: ₹14.05
  • Depreciation: ₹0.28
  • Fees and Commission Expenses: ₹30.34
  • Other Expenses: ₹18.01
  • Profit Before Tax: ₹25.81
  • Tax Expense: ₹5.16
  • Current Tax: ₹6.87
  • Deferred Tax: (₹1.71)
  • Net Profit: ₹20.65
  • Earnings Per Share (Basic & Diluted): ₹0.41

Comparative Figures (Quarter Ended September 30, 2025 - Q2 FY26):

  • Revenue from Operations: ₹113.43
  • Total Income: ₹113.85
  • Profit Before Tax: ₹54.32
  • Net Profit: ₹49.32
  • EPS: ₹0.98

Comparative Figures (Half Year Ended September 30, 2025 - H1 FY26):

  • Revenue from Operations: ₹182.84
  • Total Income: ₹183.27
  • Profit Before Tax: ₹91.45
  • Net Profit: ₹81.75
  • EPS: ₹1.63

Annual Figures (Year Ended March 31, 2026 - FY26):

  • Revenue from Operations: ₹358.00
  • Total Income: ₹362.06
  • Profit Before Tax: ₹104.16
  • Net Profit: ₹79.57
  • EPS: ₹1.59

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

  • Total Assets: ₹837.29
  • Financial Assets: ₹826.69
  • Cash & Cash Equivalents: ₹8.80
  • Loans: ₹755.07
  • Other Financial Assets: ₹62.82
  • Non-Financial Assets: ₹10.60
  • Current Assets: ₹3.77
  • Deferred Tax Assets: ₹1.90
  • Property, Plant & Equipment: ₹0.10
  • Other Intangible Assets: ₹0.23
  • Other Non-Financial Assets: ₹4.60
  • Total Equity: ₹698.54
  • Equity Share Capital: ₹501.01
  • Other Equity (Reserves & Surplus): ₹197.53
  • Total Liabilities: ₹138.75
  • Financial Liabilities: ₹123.00
  • Trade Payables: ₹4.75
  • Other Payables: ₹3.35
  • Borrowings: ₹90.00
  • Deposits: ₹20.60
  • Other Financial Liabilities: ₹4.30
  • Non-Financial Liabilities: ₹15.74
  • Provisions: ₹15.74

Cash Flow Statement for H1 FY27 (Amount in ₹ Lakh)

  • Cash Flow from Operating Activities: (₹30.42)
  • Profit Before Tax: ₹25.81
  • Adjustments: ₹69.74 (Depreciation ₹0.28 + Impairment ₹69.46)
  • Working Capital Changes: (₹125.75)
  • Income Tax Paid: (₹0.22)
  • Cash Flow from Investing Activities: ₹0.00
  • Cash Flow from Financing Activities: ₹0.00
  • Net Decrease in Cash: (₹30.42)
  • Cash at Beginning of Period: ₹39.22
  • Cash at End of Period: ₹8.80

Capital Structure

  • Paid-up Equity Share Capital: ₹501.01 lakh (Face Value ₹10 per share)
  • No change in share capital during the period

Auditor Review

M/s Jain Akshay & Associates, Chartered Accountants (FRN: 040168N), issued a limited review report stating that nothing has come to their attention that causes them to believe the financial results are not prepared in accordance with Ind AS 34, SEBI Listing Regulations, and RBI guidelines. The review was conducted under SRE 2410.

Financial Impact Assessment

Significant impairment charges of ₹69.46 lakh for H1 FY27 substantially impacted profitability. Cash position declined significantly from ₹39.22 lakh to ₹8.80 lakh during H1 FY27 due to negative operating cash flow.