Board Meeting Details

The Board meeting commenced at 12:00 noon (IST) and concluded at 03:40 p.m. (IST) on October 29, 2026.

Key Board Approvals

The Board considered and approved the following matters:

  • Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026, along with Limited Review Report (Annexure I)
  • Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with Limited Review Report (Annexure II)
  • Disclosure pursuant to Regulation 52(4) of SEBI Listing Regulations for the quarter and half year ended September 30, 2026 (Annexure III)
  • Security Cover Certificate as on September 30, 2026, certified by statutory auditors S.R. Batliboi & Co. LLP pursuant to Regulation 54 (Annexure IV)
  • Utilization of issue proceeds of non-convertible debentures for the quarter ended September 30, 2026, pursuant to Regulation 52(7) and 52(7A) (Annexure V)
  • Disclosure of Related Party Transactions for the half year ended September 30, 2026, pursuant to Regulation 23(9) (Annexure VI)
  • Appointment of Ms. Reshma Ramchandani (Membership No.: A38983) as Company Secretary and Compliance Officer effective October 30, 2026, replacing Ms. Shikha Jain who ceased effective close of business hours on October 29, 2026

Trading Window Closure

The trading window for dealing in securities by Designated Persons and their immediate relatives will open on Monday, November 02, 2026.

Financial Results - Standalone (₹ in Lakhs)

Quarter Ended September 30, 2026:
  • Total Income: ₹38,204
  • Profit Before Tax: ₹1,314
  • Profit After Tax: ₹1,314
  • Total Comprehensive Income: ₹1,051
  • Basic EPS: ₹0.81 (not annualized)
  • Diluted EPS: ₹0.81 (not annualized)
Half Year Ended September 30, 2026:
  • Total Income: ₹74,871
  • Profit Before Tax: ₹2,458
  • Profit After Tax: ₹2,458
  • Total Comprehensive Income: ₹2,396
  • Basic EPS: ₹1.52 (not annualized)
  • Diluted EPS: ₹1.52 (not annualized)

Key Financial Position (Standalone as of September 30, 2026)

  • Total Assets: ₹9,89,016
  • Loans: ₹7,89,248
  • Investments: ₹83,263
  • Debt Securities: ₹3,58,768
  • Borrowings (other than debt securities): ₹2,28,494
  • Equity Share Capital: ₹16,167 (Face value ₹10)
  • Other Equity: ₹3,64,719
  • Net Worth: ₹3,79,990

Impairment on Financial Instruments

  • Includes technical write-offs of loan receivables amounting to ₹13,779 lakhs for the quarter and ₹19,975 lakhs for the half year ended September 30, 2026
  • During the quarter, the Company reversed ₹4,900 lakhs of management overlay previously recognized for potential credit risk from the West Asia crisis, based on observed performance of the vehicle finance portfolio

Exceptional Items

For the corresponding half year ended September 30, 2025 and year ended March 31, 2026, exceptional items pertain to a gain of ₹1,17,595 lakhs recognized on divestment of investment in subsidiary Niwas Housing Finance Limited

Share Allotment

During the quarter and half year ended September 30, 2026, the Company allotted 85,100 and 132,841 equity shares of ₹10 each fully paid respectively, on exercise of stock options by employees

Security Cover Certificate (Annexure IV)
  • Secured Listed Non-Convertible Debentures outstanding: ₹3,09,942.36 lakhs
  • Security cover maintained at 110% as required by the Debenture Trust Deed
  • All financial covenants complied with as of September 30, 2026
  • Book values of assets in the statement are in agreement with the books of account
Non-Convertible Debentures (Annexure III)
  • Total listed NCDs outstanding: ₹3,002.04 crore across multiple series
  • All series compliant with respective financial covenants including Gross Stage 3 (NPA) ≤ 10.50%/7.00%, Net Stage 3 (NPA) ≤ 4.75%/4.00%, and Capital to Risk-Weighted Assets Ratio ≥ 15.00%/18.00%/20.00% as applicable
Utilization of NCD Proceeds (Annexure V)
  • During the quarter ended September 30, 2026, raised ₹400 crore through NCDs with ISINs INE896L07AS9 and INE896L07AT7 on July 23, 2026
  • Funds utilized for onward lending to customers with no deviation from stated objectives

Management Changes

  • Ms. Shikha Jain resigned as Company Secretary and Compliance Officer effective close of business hours on October 29, 2026, due to personal reasons
  • Ms. Reshma Ramchandani (Membership No.: A38983) appointed as Company Secretary and Compliance Officer effective October 30, 2026
  • Ms. Ramchandani is a qualified Company Secretary, Law Graduate, and Bachelor of Commerce with over 11 years of experience in corporate governance, secretarial, and legal functions

Auditor Review

S.R. Batliboi & Co. LLP, Chartered Accountants, conducted limited review and issued unmodified conclusions on both standalone and consolidated financial results