IFCI Limited FY26 Financial Performance and 33rd AGM Notice
Financial Performance Overview
IFCI Limited reported a standalone net profit of ₹51.71 crore for FY26 (FY25: ₹43.80 crore) with total income of ₹924.07 crore. The consolidated performance showed stronger results with net profit of ₹434.71 crore (FY25: ₹348.61 crore) and total income of ₹2,134.27 crore. However, the company maintained a negative Capital to Risk-Weighted Assets Ratio (CRAR) of -18.78%, significantly below RBI's minimum threshold of 15%.
Key Financial Highlights
Standalone Position:
- Total assets: ₹10,064.26 crore
- Financial assets: ₹8,143.41 crore
- Loans (net): ₹1,170.19 crore
- Investments: ₹2,000.20 crore
- Gross NPA: ₹3,589.98 crore with provision coverage ratio of approximately 83.4%
Consolidated Position:
- Total assets: ₹26,570.37 crore
- Strong investment portfolio: ₹15,080.61 crore primarily in equity instruments
- Cash and cash equivalents: ₹815.55 crore
- Equity: ₹15,504.52 crore
33rd Annual General Meeting Details
IFCI Limited will hold its 33rd AGM on September 25, 2026 via video conference. Shareholders will vote on four resolutions including adoption of financial statements, director appointments, and fixing auditor remuneration. Remote e-voting will be available from September 22-24, 2026 through CDSL platform. The Government of India holds 72.57% of equity shares.
Auditor's Report and Emphasis Matters
The auditors, S Mann and Company, issued an unmodified opinion with emphasis on:
- Recognition of ₹93.01 crore interest income on Stage 3 assets subsequently written off
- CRAR of -18.78% below RBI requirements
- Non-sharing of SDF and PLI scheme data with auditors
- In-principle approval received from Department of Financial Services for IFCI Group consolidation
Regulatory Compliance and Governance
The company maintained adequate internal financial controls and complied with SEBI LODR regulations. No fraud was reported during the year, and related party transactions were conducted at arm's length. The document discloses compliance with Companies Act, 2013, SEBI regulations, and RBI requirements for NBFCs.
Subsidiaries and Group Structure
The IFCI Group includes six direct subsidiaries and seven step-down subsidiaries, with material entities being IFCI Venture Capital Funds Ltd, IFCI Infrastructure Development Ltd, IFCI Factors Ltd, IFCI Financial Services Ltd, and Stock Holding Corporation of India Ltd (52.86% owned).
Future Outlook and Developments
The company received in-principle approval for 'Consolidation of IFCI Group' involving merger/amalgamation of certain group companies. IFCI Factors Ltd sold its complete portfolio of loan accounts/security receipts and currently undertakes no new lending activities.
Risk Management Framework
The Board of Directors has overall responsibility for risk management, assisted by Risk and Asset Liability Management Committee. The framework covers credit risk, market risk (currency, interest rate, equity price), and operational risk through internal controls and procedures.
Signatories and Authorization
The financial statements were authorized for issue by the Board of Directors on April 28, 2026, with key signatories including Rahul Bhave (Managing Director & CEO), Manikumar Sivaramakrishnan (Deputy Managing Director), Chirag Sapra (CFO), and Priyanka Sharma (Company Secretary).