Board Meeting Details

The Board of Directors meeting was held on November 04, 2026, commencing at 4:00 p.m. and concluding at 5:30 p.m.

Key Business Items Approved

1. Financial Results Approval

The Board approved the Un-Audited Financial Results (Ind-AS) for the second quarter and half year ended September 30, 2026, prepared pursuant to Regulation 33 and Regulation 52 of SEBI Listing Regulations. The results were reviewed by H K Shah & Co., Chartered Accountants, the Statutory Auditors of the Company.

2. Management Appointments

  • Mr. Manmohan Jindal appointed as Additional Non-Executive Independent Director for a first term of five consecutive years, effective November 04, 2026, subject to shareholder approval
  • Mr. Mitesh M. Pujara appointed as Chief Operating Officer and designated as Key Managerial Personnel, effective November 04, 2026
  • Mr. Ganesh Ruvikar (Membership No. A81580) appointed as Whole-time Company Secretary and Compliance Officer, effective November 04, 2026

Financial Results Summary (INR in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹295.40
  • Other Income: ₹9.18
  • Total Income: ₹304.58
  • Finance Costs: ₹150.98
  • Employee Benefit Expense: ₹85.41
  • Depreciation & Amortization: ₹4.99
  • Provisions for Standard Assets and NPA: ₹2.84 (reversal of ₹-27.54 in previous quarter)
  • Other Expenses: ₹58.25
  • Total Expenditure: ₹302.46
  • Profit Before Tax: ₹2.12
  • Tax Expense: ₹1.33 (Deferred Tax)
  • Net Profit After Tax: ₹0.79
  • Earnings Per Share (Basic & Diluted): ₹0.01
  • Paid-up Share Capital: ₹1,428.18

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹542.72
  • Other Income: ₹9.54
  • Total Income: ₹552.26
  • Net Profit After Tax: ₹6.99
  • Total Comprehensive Income: ₹8.13

Comparative Figures (Previous Periods):

  • Q2 FY26 Net Profit: ₹7.44 lakh
  • H1 FY26 Net Profit: ₹8.39 lakh
  • FY26 Audited Net Profit: ₹9.64 lakh

Key Financial Ratios (as of September 30, 2026)

  • Debt Equity Ratio: 1.05
  • Total Net Worth: ₹3,863.69 lakh
  • Total Debts to Total Assets: 41.62%
  • Operating Margin: 0.72%
  • Net Profit Margin: 0.27%
  • Gross NPA: 2.74%
  • Net NPA: 1.96%
  • Provision Coverage Ratio: 100.00%

Assets and Liabilities Position (September 30, 2026)

  • Total Assets: ₹9,701.43 lakh
  • Financial Assets: ₹4,700.21 lakh (including Loans: ₹4,493.17 lakh)
  • Assets Held for Sale: ₹4,909.41 lakh
  • Total Liabilities and Equity: ₹9,701.43 lakh
  • Borrowings: ₹2,342.59 lakh
  • Debt Securities: ₹1,695.00 lakh
  • Equity Share Capital: ₹1,428.18 lakh
  • Other Equity: ₹2,725.53 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹373.49 lakh
  • Net Cash from Investing Activities: ₹4.43 lakh
  • Net Cash used in Financing Activities: ₹-364.31 lakh
  • Net Increase in Cash: ₹13.62 lakh
  • Cash and Cash Equivalents at End: ₹25.89 lakh

Auditors' Review Report

H K Shah & Co. issued an unqualified review report with the following emphasis matters:

1. While the going-concern view is improving, revenue needs further increase

2. Company possesses collaterals under SARFESI act, with surplus funds returned to customers, resulting in properties under legal repossessions treated as assets held for sale

Management Profiles

  • Mr. Manmohan Jindal: 30 years of banking experience, 2 years as Independent Director, expertise in financial analysis, risk assessment, regulatory compliance and corporate governance
  • Mr. Mitesh M. Pujara: Over 20 years experience in financial services and capital markets, previously Whole-time Director of India Home Loan Limited, son of CEO Mr. Mahesh N. Pujara
  • Mr. Ganesh Ruvikar: Associate Member of ICSI (Membership No. A81580), holds LL.B., M.Com. and B.Com. degrees from University of Mumbai, previous experience with Vastu Housing Finance Corporation and Avaada Energy Private Limited