Key Quantitative Figures

Financial Performance (₹ in Lakhs):

  • Revenue from Operations: ₹2,582.08 (FY25: ₹3,166.47)
  • Other Income: ₹3.29 (FY25: ₹3.89)
  • Total Revenue: ₹2,585.36 (FY25: ₹3,170.37)
  • Profit before Depreciation & Tax (PBDT): ₹1,114.32 (FY25: ₹1,644.23)
  • Depreciation: ₹488.63 (FY25: ₹635.31)
  • Profit before Taxation: ₹625.69 (FY25: ₹1,008.92)
  • Current Tax: ₹252.35 (FY25: ₹201.64)
  • Deferred Tax: (₹124.13) (FY25: (₹30.68))
  • Earlier years adjustments: ₹5.05 (FY25: ₹0)
  • Net Profit after Tax: ₹492.42 (FY25: ₹837.96)
  • Earnings Per Share (Basic & Diluted): ₹21.83 (FY25: ₹37.15)

Balance Sheet Position (as of March 31, 2026):

  • Total Assets: ₹5,440.35 Lakhs
  • Financial Assets: ₹4,417.15 Lakhs (Cash: ₹60.14 Lakhs, Receivables: ₹64.16 Lakhs, Loans: ₹1,062.10 Lakhs, Investments: ₹3,194.69 Lakhs)
  • Non-Financial Assets: ₹1,023.20 Lakhs (PPE: ₹923.67 Lakhs, ROU Lease Assets: ₹90.06 Lakhs)
  • Total Liabilities: ₹472.26 Lakhs
  • Equity: ₹4,968.09 Lakhs (Share Capital: ₹227.52 Lakhs, Other Equity: ₹4,740.57 Lakhs)

Key Financial Ratios (Significant Changes):

  • Interest Coverage Ratio: 21.13 times (increased 7.20% from 19.71 times)
  • Current Ratio: 23.23 (increased 227.64% from 7.09)
  • Debt Equity Ratio: 0.02 (decreased from 0.08)
  • Operating Profit Margin: 25.36% (decreased 24.39% from 33.54%)
  • Net Profit Margin: 19.07% (decreased 27.92% from 26.46%)
  • Return on Net Worth: 10.42% (decreased 49.54% from 20.65%)

Dates of Action

  • AGM Date: September 28, 2026 at 11:30 AM IST through VC/OAVM
  • Cut-off Date for Eligibility: September 21, 2026
  • Book Closure: September 22, 2026 to September 28, 2026 (both days inclusive)
  • Remote E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Financial Year: April 1 to March 31

Parties Involved

Board of Directors:

  • Mr. Narendra Karnavat (Non-Executive-Non-Independent Director)
  • Mr. Prasan Bhandari (Non-Executive-Independent Director)
  • Mrs. Vandana Girindrachandra Vasudeo (Non-Executive-Independent Director)
  • Mr. Narendra Arora (Whole Time Director) - seeking re-appointment
  • Mr. Vaibhav Karnavat (Whole Time Director)
  • Mr. Padam Kumar Jain (Non-Executive-Independent Director)

Key Managerial Personnel:

  • Mr. Chirag Bhuptani (Company Secretary and Compliance Officer)
  • Mrs. Ranjana Auti (CFO)

Auditors and Service Providers:

  • Statutory Auditors: M/s. JMT & Associates (to be replaced by M/s. Ashish Bang & Co. if approved)
  • Secretarial Auditor: Mr. Shiv Hari Jalan of Shiv Hari Jalan & Co.
  • Internal Auditors: M/s. M. R. Sharma & Co.
  • RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Principal Banker: Kotak Mahindra Bank

Business Operations and Strategy

The company engaged in two main business activities during FY25-26:

1. Investment in Private & Public Markets

2. Assets Leasing (Cars, Vending Machines, etc.)

The company classified its business into three categories for operational purposes:

  • Lending & Investment Activities
  • Strategic Business Activities
  • Non-Strategic Business Activities

Capital Structure

  • Authorized Share Capital: ₹350.00 Lakhs (31,00,000 equity shares of ₹10 each + 40,000 preference shares of ₹100 each)
  • Paid-up Equity Share Capital: ₹227.52 Lakhs (22,75,200 equity shares of ₹10 each)
  • No dividend recommended for FY25-26 due to conservation of resources for future expansion

Corporate Governance

  • 4 Board meetings held during FY25-26
  • Three statutory committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee
  • Whistle Blower Policy/Vigil Mechanism Policy in place
  • No instances of sexual harassment reported during the year

Auditor Change Proposal

The Board recommends appointing M/s. Ashish Bang & Co., Chartered Accountants (Firm Registration No. 152247W) as statutory auditors for 5 years from conclusion of 32nd AGM until conclusion of 37th AGM in 2031, at an annual remuneration of ₹75,000 plus applicable taxes and out-of-pocket expenses.

Material Changes

  • No material changes affecting financial position occurred between end of financial year and date of report
  • No frauds reported by auditors
  • No significant orders passed by regulators/courts impacting going concern status

Related Party Transactions

All related party transactions were conducted at arm's length basis in ordinary course of business. No materially significant related party transactions were reported.

Voting Arrangements

  • Company has arranged with MUFG Intime India Private Limited for remote e-voting facility
  • Detailed instructions provided for shareholders to vote through various methods including NSDL, CDSL, and physical shareholding
  • Mr. Shiv Hari Jalan appointed as Scrutinizer for vote counting

Website and Communication

  • Annual Report available on company website: https://glancefinance.in/investors/
  • Notice and documents also available on BSE website: www.bseindia.com
  • Email for investor queries: glance@glancefinance.in

#Tags: #GlanceFinance #AnnualReport #SEBIDisclosure #FY2026Results #AGM2026 #AuditorAppointment #FinancialResults #NBFC #RegulatoryCompliance #Neutral