Board Meeting Details

The Board of Directors meeting was held on August 07, 2026 at the company's registered office. The meeting commenced at 03:00 PM and concluded at 04:05 PM.

Key Decisions Approved

Financial Results Approval

The Board considered and approved the unaudited financial results along with limited review report obtained from the statutory auditor for the quarter ended June 30, 2026.

Directors' Report Approval

The Board approved the Directors' report for the year ended March 31, 2026.

Statutory Auditor Appointment

Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. Ashish Bang & Co., Chartered Accountant (Firm Registration No. 152247W) as Statutory Auditors of the Company for a term of 5 years. The appointment is subject to shareholders' approval and will commence from the conclusion of the 32nd AGM (to be held in 2026) until the conclusion of the 37th AGM (to be held in 2031).

Scrutinizer Appointment

The Board appointed M/s. Shiv Hari Jalan & Co., Company Secretary in whole time Practice as the Scrutinizer for the 32nd Annual General Meeting.

Annual General Meeting Details

The 32nd Annual General Meeting will be held on September 28, 2026 at 11:30 AM IST through Video Conferencing/Other Audio-Visual Means. The cut-off date for determining eligibility to vote by electronic means is Monday, September 21, 2026. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026 to Monday, September 28, 2026 (both days inclusive).

Financial Results Summary (Quarter Ended June 30, 2026)

Income Statement Highlights (₹ in Lakhs)

  • Total Income: ₹892.74 (vs. ₹34.99 in Q1 FY26 and ₹936.17 in Q4 FY26)
  • Revenue from Operations: ₹892.66 comprising:
  • Interest Income: ₹4.13
  • Dividend Income: ₹0.02
  • Fees and Commission Income: ₹52.01
  • Net gain on fair value changes: ₹690.21
  • Sale of Traded Goods: ₹279.44
  • Other Operating Income: ₹114.83
  • Other Income: ₹0.07
  • Total Expenses: ₹293.01 (vs. ₹201.53 in Q1 FY26 and ₹241.05 in Q4 FY26)
  • Finance Costs: ₹8.21
  • Impairment of Financial Instruments: ₹0.39
  • Purchase of Traded Goods: ₹286.00
  • Employee Benefit Expenses: ₹17.15
  • Depreciation and Amortisation: ₹102.26
  • Other Expenses: ₹73.51
  • Profit Before Tax: ₹695.21 (vs. ₹-458.02 in Q1 FY26 and ₹695.12 in Q4 FY26)
  • Tax Expenses: ₹133.27
  • Current Tax: ₹84.34
  • Deferred Tax: ₹-123.62
  • Earlier Year Adjustments: ₹5.05
  • Net Profit After Tax: ₹579.94 (vs. ₹-383.70 in Q1 FY26 and ₹592.05 in Q4 FY26)
  • Total Comprehensive Income: ₹579.94 (vs. ₹-383.81 in Q1 FY26 and ₹592.05 in Q4 FY26)
  • Earnings Per Share (₹10 face value):
  • Basic EPS: ₹26.24 (not annualized)
  • Diluted EPS: ₹25.71 (not annualized)

Segment-wise Performance (₹ in Lakhs)

  • Lending & Investment Division: Segment Results ₹727.79, Segment Assets ₹5,082.01
  • Non Strategic Business Division: Segment Results ₹31.82, Segment Assets ₹828.57
  • Total Segment Assets: ₹5,910.59
  • Total Assets (including unallocated corporate assets): ₹6,111.39
  • Total Liabilities: ₹563.36

Prior Period Restatement

The company identified prior period errors relating to classification and measurement of certain investments in accordance with Ind AS 109. The restatement impacted the quarter ended June 30, 2025:

  • Net gain on fair value changes: Restated to ₹608.01 (from ₹0)
  • Deferred Tax: Restated to ₹18.73 (from ₹-17.04)
  • Earnings per Share: Restated to ₹26.24 (from ₹0.88)

Auditor's Limited Review Report

M/s. J M T & Associates issued a qualified limited review opinion stating:

  • The review was conducted in accordance with SRE 2410 issued by ICAI
  • Provision for Gratuity and Leave encashment has not been done as per actuarial valuation as required under Ind AS 19
  • The consequent impact on profit and loss is not ascertainable
  • Except for this matter, nothing has come to their attention that causes them to believe the statement contains material misstatement

Additional Information

The unaudited financial results and limited review report are available on the company's website (https://glancefinance.in) and BSE website (www.bseindia.com).