Key Financial Performance

Financial Year: April 1, 2025 to March 31, 2026

Income Statement Highlights:

  • Income from sales & other sources: ₹6,410.80 lakhs (FY25: ₹3,942.80 lakhs)
  • Expenses & depreciation: ₹6,224.45 lakhs (FY25: ₹4,609.85 lakhs)
  • Net profit/(loss) before taxation: ₹186.34 lakhs profit (FY25: ₹667.05 lakhs loss)
  • Provision for taxation: ₹47.97 lakhs (FY25: ₹24.85 lakhs)
  • Profit/(loss) after taxation: ₹138.38 lakhs profit (FY25: ₹691.90 lakhs loss)

Capital Structure:

  • Authorized share capital: ₹177.00 crores (1,77,00,00,000 equity shares of ₹1 each)
  • Paid-up share capital: ₹167.44 crores (1,67,44,12,542 equity shares of ₹1 each)
  • Reserves: ₹143.48 crores

Dividend: No dividend recommended for FY26 to conserve capital.

Transfer to Reserves: 20% of profit (₹27.68 lakhs) transferred to statutory reserves as per NBFC guidelines.

Annual General Meeting Details

Date: Wednesday, September 30, 2026

Time: 04:00 PM IST

Mode: Video Conference/Other Audio Visual Means

Record Date: September 23, 2026

Ordinary Business:

1. Adoption of standalone financial statements for FY 2025-26

2. Re-appointment of Ms. Shilpi Chourasiya (DIN: 09302632) as director retiring by rotation

3. Appointment of M/s SSRV & Associates, Chartered Accountants (FRN: 135901W) as statutory auditors in place of retiring auditors M/s ADV & Associates

Special Business:

4. Increase in limit up to ₹500 crores for investments/loans/guarantees under Section 186 of Companies Act, 2013 (valid until March 31, 2031)

5. Increase in limit up to ₹250 crores for related party transactions (valid for FY 2026-27)

6. Increase in borrowing power limit up to ₹500 crores under Section 180(1)(c) of Companies Act, 2013 (valid until March 31, 2031)

7. Appointment of Mr. Yatin Vilas Chaphekar (DIN: 11927324) as independent director for 5 years (October 1, 2026 to September 30, 2031)

Corporate Actions

Rights Issue:

  • Board approved on May 13, 2025
  • Issued and allotted 40,73,69,772 equity shares of face value ₹1.00 each at ₹1.10 per share (including premium of ₹0.10)
  • Record date: July 28, 2025
  • Funds raised: ₹43.31 crores (net of rejected applications)
  • Utilization: ₹34.50 crores for business activities, ₹8.81 crores for general corporate purposes, ₹1.50 crores for issue expenses

Board and Management Changes

Directors as on March 31, 2026:

1. Anant Chourasia - Managing Director (DIN: 09305661)

2. Shilpi Chourasiya - Executive Director (DIN: 09302632)

3. Sandeep Sahu - Independent Director

4. Abhishek Pokharna - Independent Director

5. Ankit Pandit - Independent Director

6. Khushboo Vasudev - Independent Director (appointed August 29, 2025)

Resignation: Ms. Aksha Bihani resigned as Independent Director effective June 16, 2025.

Key Managerial Personnel:

  • CFO: Mr. Bhairu Ratan Ojha
  • Company Secretary: Mr. Mushahid Ahmed Khan

Auditor Information

Statutory Auditors: M/s ADV & Associates, Chartered Accountants (FRN: 128045W) - Retiring at AGM

Proposed Auditors: M/s SSRV & Associates, Chartered Accountants (FRN: 135901W) - Recommended for 5-year term

Secretarial Auditors: M/s Brajesh Gupta & Co. - Practicing Company Secretaries

Internal Auditors: M/s Heneel S. Shah & Associates

Audit Qualifications: No qualifications, reservations or adverse remarks in statutory auditor's report.

Secretarial Audit Observations:

  • Delayed filing of DIR-12 forms for cessation/appointment/change in designation of directors
  • Delayed filing of MGT-14 form for resolutions passed in previous AGM
  • Management cited technical issues on MCA portal for delays

Operational Highlights

Business: Non-Banking Financial Company engaged in financing and share trading activities

Segment: Single reported segment - Financing and Share Trading activity

Subsidiaries: None during the period under review

Deposits: No public fixed deposits accepted during the year

Risk Management

Company has identified and manages several risks including credit risk, operational risk, compliance risk, reputation risk, strategic risk, and liquidity risk. Risk management framework compliant with ISO 31000:2018.

Corporate Governance

Board Meetings: 10 meetings held during FY 2025-26

Committee Meetings:

  • Audit Committee: 9 meetings
  • Nomination and Remuneration Committee: 3 meetings
  • Stakeholders Relationship Committee: 1 meeting

Shareholding Pattern (as on March 31, 2026):

  • Individuals: 74.3%
  • Bodies Corporate: 11.74%
  • NRI: 0.96%
  • Others: 1.48%

Dematerialization Status:

  • CDSL: 71.50%
  • NSDL: 27.75%
  • Physical: 0.75%

Pending Litigations and Contingencies

Income Tax Dues: Significant unpaid income tax demands from various assessment years totaling approximately ₹80.90 crores plus accrued interest of ₹5.66 crores for AY 2013-14, among other years.

Other Litigations: No significant material orders passed by courts/regulators impacting going concern status.

Other Disclosures

CSR: Not applicable to the company

Employee Benefits: No employee received remuneration exceeding limits under Section 197(12)

Green Initiative: Annual report sent electronically to members with registered email addresses

Whistleblower Policy: Implemented with 1 complaint pending as of March 31, 2026

Important Dates

Remote E-voting Period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)