Board Meeting Outcomes

The Board of Directors of J.A. Finance Limited met on Tuesday, 26th May 2026 from 12:30 PM to 3:30 PM and transacted the following businesses:

1. Received, considered and approved the audited financial results for the quarter ended and financial year ended 31st March 2026 along with statement of assets and liabilities, statement of profit and loss, cash flow and Auditors Report issued by the Statutory Auditors of the Company (Annexure A)

2. The audited financial results were reviewed by the Audit Committee at its meeting

3. Appointed Ms. Shikha Naredi, Practicing Company Secretary of M/s. Shikha Naredi & Associates to issue the Annual Secretarial Compliance Report (24A) of SEBI (LODR) Regulations, 2015 for the financial year 2026-27

4. Appointed M/s. A K G J and Associates LLP, Chartered Accountants as the Internal Auditors for FY 2026-27

5. Took note of the Quarterly Compliance to Stock Exchange for the period from 01.01.2026 to 31.03.2026

6. With prior approval of the Audit Committee, considered and approved the Related Party Transactions for FY 2025-26 and compliances thereof

7. Together with prior approval of the Audit Committee, took note of related party transactions to be held for FY 2026-27

8. Authorized any of the directors to certify various e-forms to be filed with the Registrar of Companies during the year in the MCA portal

9. Considered and took note of Certificate of Correctness of Financial Results pursuant to Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015

10. Considered and took note of Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015

11. Considered and took note of CEO and CFO certificate pursuant to Regulation 17(8) of SEBI (LODR) Regulations, 2015

Financial Results Overview

Audited Financial Results for Quarter Ended March 31, 2026 and Year Ended March 31, 2026

(All amounts in Indian Rupees in Lakhs)

Quarter Ended March 31, 2026:

  • Total Revenue From Operations: ₹69.39
  • Total Income: ₹69.39
  • Total Expenses: ₹40.08
  • Profit before tax: ₹29.31
  • Tax expense: ₹12.32
  • Profit for the quarter: ₹16.99
  • Other comprehensive income: ₹0.97
  • Total comprehensive income: ₹17.97
  • Basic EPS: ₹0.16
  • Diluted EPS: ₹0.16

Year Ended March 31, 2026:

  • Total Revenue From Operations: ₹278.70
  • Total Income: ₹278.70
  • Total Expenses: ₹199.65
  • Profit before tax: ₹79.05
  • Tax expense: ₹25.00
  • Profit for the year: ₹54.05
  • Other comprehensive income: ₹4.85
  • Total comprehensive income: ₹58.90
  • Basic EPS: ₹0.51
  • Diluted EPS: ₹0.51

Comparative Figures (Year Ended March 31, 2025):

  • Total Revenue From Operations: ₹227.11
  • Total Income: ₹227.65
  • Total Expenses: ₹117.71
  • Profit before tax: ₹110.38
  • Tax expense: ₹114.86
  • Loss for the year: ₹(4.48)
  • Other comprehensive income: ₹19.05
  • Total comprehensive income: ₹14.57
  • Basic EPS: ₹(0.04)
  • Diluted EPS: ₹(0.04)

Revenue Breakdown

Quarter Ended March 31, 2026:

  • Interest Income: ₹69.39
  • Fees and Commission Income: Not reported
  • Net Gain on Fair Value Changes: Not reported

Year Ended March 31, 2026:

  • Interest Income: ₹277.85
  • Fees and Commission Income: ₹0.85
  • Net Gain on Fair Value Changes: Not reported

Expense Breakdown

Quarter Ended March 31, 2026:

  • Finance Costs: ₹23.43
  • Impairment on Financial Instruments: ₹(2.79) [reversal]
  • Employee benefits expenses: ₹13.19
  • Depreciation, amortisation and impairment: ₹0.03
  • Other Expenses: ₹6.23

Year Ended March 31, 2026:

  • Finance Costs: ₹104.83
  • Impairment on Financial Instruments: ₹19.54
  • Employee benefits expenses: ₹54.79
  • Depreciation, amortisation and impairment: ₹0.12
  • Other Expenses: ₹20.37

Tax Expense Details

Year Ended March 31, 2026:

  • Current tax: ₹24.83
  • Adjustment of taxes of earlier year: ₹0.16
  • Total tax expense: ₹25.00

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹2,334.94
  • Financial Assets: ₹2,289.62
  • Cash and Cash Equivalents: ₹15.58
  • Bank Balance other than above: ₹1.48
  • Receivables: ₹0.41
  • Loans: ₹2,178.45
  • Investments: ₹93.70
  • Non-Financial Assets: ₹45.31
  • Total Liabilities and Equity: ₹2,334.94
  • Equity: ₹1,064.87 (Equity Share Capital) + ₹998.61 (Other Equity) = ₹2,063.48

Cash Flow Statement

Year Ended March 31, 2026:

  • Cash flows from operating activities: ₹260.32
  • Cash flows from investing activities: Not reported
  • Cash flows from financing activities: ₹(245.38)
  • Net increase in cash and cash equivalents: ₹14.94
  • Cash and cash equivalents as at April 01, 2025: ₹2.12
  • Cash and cash equivalents as at March 31, 2026: ₹17.06

Key Disclosures and Notes

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS) and RBI guidelines

2. Figures for Q4 FY26 are balancing figures between audited full year and published unaudited YTD figures up to Q3 FY26

3. Financial results audited by Statutory Auditors S K Naredi & Co LLP (ICAI Firm Regn. No: 003333C1C400397)

4. Audit report issued with unmodified opinion

5. Petition C.P. (IB) No. 2151K812025 under Section 7 of IBC, 2016 filed against Indico Motors Private Limited on 18th December 2025 for default of ₹100.00 Lakhs principal + ₹31.20 Lakhs interest (total ₹131.20 Lakhs), matter sub judice

6. Company implemented new labor codes (Code on Wages 2019, Industrial Relations Code 2020, Occupational Safety Health and Working Conditions Code 2020, Code on Social Security 2020)

7. Company primarily engaged in NBFC activity with no separate reportable segments

8. Trading window to open after 48 hours of declaration of audited financial results

Certifications and Declarations

  • Certificate of Correctness of Financial Results signed by Akshay Goyal (Managing Director) and Sneha Goyal (CFO)
  • Declaration pursuant to Regulation 33(3)(d) signed by Sneha Goyal (CFO) confirming unmodified audit opinion
  • CEO/CFO Certification pursuant to Regulation 17(8) signed by Akshay Goyal (Managing Director) and Sneha Goyal (CFO)

Internal Auditor Profile

M/s. A K G J and Associates LLP, Chartered Accountants:

  • ICAI Registration No: C400326
  • PAN: ABXFA1501C
  • Established: 27-12-2021
  • Two Partners: Mr. Kuldip Sarawagi and Mrs. Akanksha Agarwal
  • Operational coverage: Jharkhand, West Bengal
  • Services offered: Statutory & Internal Audit, Tax Audit, GST Audit, Bank Audit, Tax compliance, and other financial services