Board Meeting Details

The Board of Directors meeting was held on 29th May, 2026, commencing at 03:00 PM and concluding at 03:30 PM.

Key Business Transacted

1. Approval of the Audited Financial Results (Standalone and Consolidated) for the last quarter and Financial Year ended 31st March, 2026

2. Approval of the re-appointment of M/s. Marv & Associates LLP, Chartered Accountants, as Internal Auditor of the Company for the Financial Year 2026-27

Standalone Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Total Income: ₹794.29 (vs ₹210.02 in Q4 FY25)
  • Total Expenses: ₹1,121.43 (vs ₹477.91 in Q4 FY25)
  • Loss before tax: (₹327.14) (vs (₹267.89) in Q4 FY25)
  • Tax Expense: (₹55.56) (vs (₹36.69) in Q4 FY25)
  • Net Loss: (₹271.58) (vs (₹231.20) in Q4 FY25)
  • Other Comprehensive Income: (₹1,745.72) (vs (₹1,286.43) in Q4 FY25)
  • Total Comprehensive Loss: (₹2,017.30) (vs (₹1,517.63) in Q4 FY25)
  • Basic EPS: (₹2.52) (vs (₹2.15) in Q4 FY25)

Annual Performance (FY26 vs FY25)

  • Total Income: ₹1,267.45 (vs ₹1,495.93 in FY25)
  • Total Expenses: ₹1,105.20 (vs ₹1,568.11 in FY25)
  • Profit before tax: ₹162.25 (vs (₹72.18) in FY25)
  • Tax Expense: ₹17.14 (vs ₹4.80 in FY25)
  • Net Profit: ₹145.11 (vs (₹76.98) in FY25)
  • Other Comprehensive Income: (₹1,956.11) (vs (₹1,413.87) in FY25)
  • Total Comprehensive Loss: (₹1,811.00) (vs (₹1,490.85) in FY25)
  • Basic EPS: ₹1.35 (vs (₹0.72) in FY25)

Segment-wise Performance (Standalone)

Financial Services Segment

  • Q4 FY26 Loss before tax: (₹335.78)
  • FY26 Profit before tax: ₹157.07

Commodities Trading Segment

  • Q4 FY26 Profit before tax: ₹9.51
  • FY26 Profit before tax: ₹9.51

Consolidated Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Total Income: ₹1,189.28
  • Total Expenses: ₹1,544.20
  • Loss before tax: (₹354.92)
  • Tax Expense: (₹50.53)
  • Net Loss: (₹304.39)
  • Share of profit from associate: (₹39.55)
  • Total Comprehensive Loss: (₹2,088.81)
  • Basic EPS: (₹3.20)

Annual Performance (FY26)

  • Total Income: ₹2,712.79
  • Total Expenses: ₹2,528.89
  • Profit before tax: ₹183.90
  • Tax Expense: ₹163.63
  • Net Profit: ₹20.27
  • Share of profit from associate: ₹7.67
  • Total Comprehensive Loss: (₹1,761.55)
  • Basic EPS: ₹0.26

Key Financial Position (Standalone as at 31st March, 2026)

  • Total Assets: ₹21,178.17 lakhs (vs ₹23,488.34 lakhs as at 31.03.2025)
  • Investments: ₹19,475.31 lakhs (vs ₹21,776.89 lakhs as at 31.03.2025)
  • Cash and cash equivalents: ₹159.03 lakhs (vs ₹360.93 lakhs as at 31.03.2025)
  • Equity Share Capital: ₹1,103.79 lakhs (unchanged)
  • Other Equity: ₹19,593.28 lakhs (vs ₹21,511.91 lakhs as at 31.03.2025)

Cash Flow Statement (Standalone FY26)

  • Net cash from operating activities: (₹35.28) lakhs
  • Net cash used in investing activities: (₹33.88) lakhs
  • Net cash used in financing activities: (₹132.74) lakhs
  • Net decrease in cash: (₹201.90) lakhs

Significant Investments

During FY26, the company invested ₹5.92 crores in Infinix9 Hotels & Resorts Private Limited. Total investment in Infinix9 Hotels & Resorts Private Limited stood at ₹20.92 crores as of 31st March, 2026.

Labour Code Impact

The company recognized provision of Gratuity/Earned Leave amounting to ₹2.84 lakhs under Employee Benefits Expenses due to implementation of new labour codes effective from 8th May, 2026.

Subsidiaries and Associates Included in Consolidation

1. HB Securities Limited (100% subsidiary)

2. HB Corporate Services Limited (97.40% subsidiary)

3. Taurus Asset Management Company Limited (99.99% subsidiary)

4. Taurus Investment Trust Company Limited (80.39% subsidiary)

5. Infinix9 Hotels & Resorts Private Limited (100% subsidiary)

6. Infinix9 Hospitality LLP (99.95% through Infinix9 Hotels)

7. Merwanjee Securities Limited (48% associate)