Board Meeting Details

The Board of Directors meeting was held on Thursday, 28th May 2026, commencing at 4:15 PM and concluding at 4:35 PM. The meeting approved:

  • Appointment of Ms. Priya Krishnakumar as Internal Auditor for financial year 2026-2027
  • Standalone Audited Financial Results and Audited Financial Statements for quarter and financial year ended 31st March 2026
  • Independent Auditor's Report issued by Statutory Auditor

Financial Results Overview

For Quarter Ended 31st March 2026:

  • Total Income from Operations (Net): ₹5.41 crore
  • Profit Before Tax: ₹2.32 crore
  • Profit After Tax: ₹1.75 crore (before statutory reserve transfer)
  • Basic EPS: ₹0.46; Diluted EPS: ₹0.45

For Financial Year Ended 31st March 2026:

  • Total Income from Operations (Net): ₹21.99 crore
  • Profit Before Tax: ₹10.24 crore
  • Profit After Tax: ₹7.60 crore
  • Basic EPS: ₹2.04; Diluted EPS: ₹1.83

Income Breakdown (FY2026)

  • Interest Income: ₹21.60 crore
  • Fees Income: ₹0.02 crore
  • Other Income: ₹0.17 crore

Expense Breakdown (FY2026)

  • Finance Cost: ₹3.23 crore
  • Employee Benefits Expenses: ₹5.46 crore
  • Depreciation & Amortization: ₹0.28 crore
  • Administrative Expenses: ₹2.78 crore
  • Impairment of Financial Instruments: ₹0.01 crore

Tax Expenses (FY2026)

  • Current Tax: ₹2.56 crore
  • Tax Relating to Earlier Year: ₹0.08 crore
  • Deferred Tax Asset (Net): ₹(0.01) crore
  • Provision for RBI Standard Reserve @20%: ₹0.00 crore

Balance Sheet Position (as at 31st March 2026)

Assets: ₹89.58 crore

  • Financial Assets: ₹84.01 crore (including Cash & Cash equivalents: ₹11.91 crore, Loans and Advances: ₹71.69 crore)
  • Non-financial Assets: ₹5.57 crore (including Property, Plant & Equipment: ₹4.75 crore)

Liabilities and Equity: ₹89.58 crore

  • Financial Liabilities: ₹32.82 crore (including Subordinated Debts: ₹32.27 crore)
  • Non-financial Liabilities: ₹0.73 crore
  • Equity: ₹56.03 crore (Equity share capital: ₹37.27 crore, Other equity: ₹18.77 crore)

Cash Flow Statement (FY2026)

  • Net Cash Flow from Operating Activities: ₹(17.94) crore
  • Net Cash Flow from Investing Activities: ₹(4.43) crore
  • Net Cash Flow from Financing Activities: ₹32.36 crore
  • Net Increase in Cash & Cash Equivalents: ₹10.00 crore
  • Closing Cash & Cash Equivalents: ₹11.91 crore

Internal Auditor Appointment

Ms. Priya Krishnakumar, B.com, CA (Inter), MBA (Finance) with over 25 years of experience in finance, accounting, auditing, taxation, and compliance, was appointed as Internal Auditor effective 28th May 2026 for FY2026-2027. No relationships with directors exist regarding this appointment.

Audit Opinion

Statutory Auditors Mahesh C Solanki & Co. issued an unmodified opinion on the standalone financial results, confirming they give a true and fair view in conformity with applicable accounting standards.

Internal Audit Findings

Internal audit report for quarter ending 31/03/2026 noted:

  • Cash verification showed zero variance with ledger balance of ₹87,172.00
  • Bank reconciliation showed no variances across multiple bank accounts
  • Profitability ratio of 32.31% for the quarter
  • Decrease in due customers from 3,971 to 3,118 with total due amount reducing from ₹3.38 crore to ₹3.07 crore
  • No open charges in MCA
  • TDS and GST filings were accurate and timely
  • Vendor confirmations pending for amounts totaling ₹7.65 lakh
  • Fire safety observation regarding need for dedicated fire extinguisher