Board Meeting Details

The Board meeting commenced at 04:15 PM IST and concluded at 04:30 PM IST on August 11, 2026.

Financial Results Approval

The Board approved the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, prepared in accordance with Indian Accounting Standards (Ind AS). The results were reviewed by the Audit Committee and subject to limited review by statutory auditors B N Misra & Co.

Key Financial Figures (Amount in ₹ Lakhs)

Income Statement for Quarter Ended June 30, 2026:

  • Interest Income: ₹147.01
  • Net Gain on Fair Value Changes: ₹3.44
  • Profit on Sale of Investments: ₹4.34
  • Total Income: ₹154.79
  • Finance Costs: ₹31.44
  • Employee Benefits: ₹18.17
  • Depreciation and amortisation expense: ₹1.14
  • Other expenses: ₹16.67
  • Total Expenses: ₹67.41
  • Profit before exceptional item and tax: ₹87.38
  • Exceptional item: ₹12.01
  • Profit before tax: ₹75.37
  • Tax expense: ₹0.00
  • Net profit for the period: ₹75.37
  • Other comprehensive income: ₹36.64
  • Total Comprehensive Income for the period: ₹112.00
  • Basic EPS: ₹0.81
  • Diluted EPS: ₹0.81

Comparative Financial Performance:

  • Net profit increased 15.5% YoY from ₹65.25 lakhs in Q1 FY26 to ₹75.37 lakhs in Q1 FY27
  • Total Income decreased 3.1% YoY from ₹159.76 lakhs to ₹154.79 lakhs
  • Total Expenses decreased 18.3% YoY from ₹82.49 lakhs to ₹67.41 lakhs
  • Other comprehensive income decreased 47.0% YoY from ₹69.21 lakhs to ₹36.64 lakhs
  • Total Comprehensive Income decreased 16.7% YoY from ₹134.47 lakhs to ₹112.00 lakhs

Corporate Actions Deliberated

The Board discussed various options for raising funds, including Rights Issue and Preferential Issue, and also considered a proposal for issue of Bonus Shares.

The Board resolved to delegate to a Committee the authority to:

  • Evaluate and recommend appropriate mode, structure, quantum, pricing and timing of proposed fund raising
  • Evaluate and recommend the ratio of the proposed issue of Bonus Shares
  • Identify and appoint Legal Counsel, other intermediaries, advisors and professionals as necessary

The Committee will submit its recommendations to the Board for consideration and final decision.

Audit Review

Statutory auditors B N Misra & Co issued a limited review report stating that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.