Company Disclosure

Board Meeting Details

The Board of Directors meeting was held on Saturday, November 14, 2026, commencing at 03:30 PM and concluding at 04:30 PM at the company's Registered Office at Vraj Group, 2nd Floor, Simran Centre, Mogra Village, 30H Parsi Panchayat Road, Andheri East, Mumbai - 400053, Maharashtra. The board considered, approved, and took on record the Unaudited Financial Results for the quarter and half year ended September 30, 2026 prepared under IND-AS, along with the Limited Review Report thereon.

Financial Results Overview (Quarter Ended September 30, 2026)

Revenue from Operations: ₹8.58 lakhs

  • Interest Income: ₹6.94 lakhs
  • Dividend Income: ₹0.00
  • Rental Income: ₹0.00
  • Fees and Commission Income: ₹0.00
  • Other Income: ₹0.00
  • Reversal of NPA Provision: ₹1.65 lakhs

Expenses: ₹4.02 lakhs

  • Employee benefits expense: ₹3.20 lakhs
  • Other Expenses: ₹14.18 lakhs
  • Depreciation and amortization: ₹0.00
  • Impairment expense: ₹6.97 lakhs

Profit before tax: ₹8.44 lakhs

Tax Expenses: ₹1.83 lakhs (Current Tax: ₹1.83 lakhs, Deferred Tax: ₹0.00)

Net profit for the period: ₹6.62 lakhs

Earnings per share (Basic and Diluted): ₹0.66

Financial Results Overview (Half Year Ended September 30, 2026)

Revenue from Operations: ₹16.27 lakhs

  • Interest Income: ₹8.79 lakhs
  • Reversal of NPA Provision: ₹7.48 lakhs

Expenses: ₹1.41 lakhs

Profit before tax: ₹14.73 lakhs

Tax Expenses: ₹1.83 lakhs

Net profit for the period: ₹12.91 lakhs

Earnings per share (Basic and Diluted): ₹1.28

Comparative Financial Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue increased from ₹0.59 lakhs to ₹8.58 lakhs
  • Net profit improved from a loss of ₹0.43 lakhs to a profit of ₹6.62 lakhs
  • EPS improved from -₹0.04 to ₹0.66

Half-Yearly Comparison (H1 FY27 vs H1 FY26):

  • Revenue increased from ₹0.80 lakhs to ₹16.27 lakhs
  • Net profit improved from a loss of ₹0.80 lakhs to a profit of ₹12.91 lakhs
  • EPS improved from -₹0.08 to ₹1.28

Balance Sheet Position (as at September 30, 2026)

Total Assets: ₹21.17 lakhs

Financial Assets: ₹20.61 lakhs

  • Cash and cash equivalents: ₹0.12 lakhs
  • Bank balance other than cash equivalents: ₹11.84 lakhs
  • Loans & Advances: ₹20.15 lakhs
  • Investments: ₹19.37 lakhs
  • Other Financial assets: ₹15.20 lakhs

Non-Financial Assets: ₹0.56 lakhs

  • Investment Property: ₹0.76 lakhs
  • Property, Plant and Equipment: ₹0.47 lakhs
  • Balance with Revenue Authorities: ₹47.34 lakhs
  • Amortisation of Expenses: ₹2.43 lakhs
  • Deposits: ₹5.00 lakhs

Equity: ₹17.23 lakhs

  • Equity share capital: ₹10.05 lakhs (Face value: ₹1.00 per share)
  • Other equity - Reserves & Surplus: ₹7.18 lakhs

Liabilities: ₹3.94 lakhs

  • Financial Liabilities: ₹3.72 lakhs
  • Debt Securities: ₹10.66 lakhs
  • Borrowings: ₹1.70 lakhs
  • Other financial liabilities: ₹1.91 lakhs
  • Non-Financial Liabilities: ₹0.23 lakhs (Provisions: ₹22.50 lakhs)

Cash Flow Statement (Half Year Ended September 30, 2026)

Cash Flow from Operating Activities: ₹59.81 lakhs

  • Net profit before taxation: ₹14.73 lakhs
  • Adjustments: ₹0.14 lakhs
  • Movement in working capital: ₹45.50 lakhs (mainly decrease in loan advances: ₹44.60 lakhs)
  • Direct tax paid: ₹1.83 lakhs

Cash Flow from Investing Activities: -₹0.19 lakhs (purchase of investments)

Cash Flow from Financing Activities: -₹59.60 lakhs (decrease in long-term advances: ₹58.20 lakhs, finance cost: ₹1.41 lakhs)

Net increase in cash & cash equivalent: ₹0.01 lakhs

Cash at beginning of year: ₹0.11 lakhs

Cash at end of year: ₹0.12 lakhs

Auditor's Limited Review Report

B.B Gusani & Associates (Chartered Accountants, FRN: 140875W) issued a limited review report on the unaudited standalone financial results. Partner Bhargav Bharatbhai Gusani (M. No.: 120710) concluded that based on their review conducted in accordance with SRE 2410, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement or fail to disclose information required under SEBI LODR Regulations.

Regulatory Compliance Notes

The company adopted Indian Accounting Standards (IND-AS) from April 1, 2019, with transition date of April 1, 2018. The company primarily engages in financing activities with no separate reportable segments. Interest income is recognized on assets excluding NPAs, and NPA provision is made proportionately based on asset classification under IRAC Norms as prescribed by RBI. The figures for previous periods have been regrouped/rearranged where necessary to conform to current period presentation.