Disclosure Nature

Regulatory filing pursuant to Regulation 30 and 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, regarding outcomes of Board of Directors meeting held on November 13, 2026.

Board Meeting Details

  • Meeting Date: November 13, 2026 (Friday)
  • Meeting Time: 5:00 PM to 5:50 PM
  • Regulations: SEBI Listing Regulations 30 and 33

Key Board Approvals

1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone) for the quarter and half year ended September 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.

2. Preferential Issue Approval

The Board approved issuance of up to 26,11,724 fully paid-up Equity Shares of face value of ₹10 each at a price of ₹17.23 per share (including premium of ₹7.23 per share), aggregating up to ₹4,50,00,005 to the Promoter of the Company, Sanjay Kumbhat.

Key Terms of Preferential Issue:

  • Type of Security: Equity Shares of face value ₹10 each
  • Issue Type: Preferential Issue under Chapter V of SEBI ICDR Regulations
  • Total Shares: 26,11,724 equity shares
  • Issue Price: ₹17.23 per share (₹10 face value + ₹7.23 premium)
  • Total Issue Size: ₹4,50,00,005
  • Investor: Sanjay Kumbhat, Promoter (single investor)
  • Post-allotment Holding Change: Promoter holding increases from 11,89,690 shares (22.33%) to 38,01,414 shares (47.88%)
  • Approvals Required: Shareholders' approval via Special Resolution in General Meeting, RBI approval, and other statutory/regulatory approvals

3. Extraordinary General Meeting

  • The Board approved convening an Extraordinary General Meeting on December 10, 2026
  • Purpose: To seek shareholder approval for issuance of Equity Shares to the Promoter

4. Scrutinizer Appointment

  • Appointed Mr. Jagdish P Mundhara, Practicing Company Secretary (Membership No: FCS 2353, Certificate of Practice No. 1443), Proprietor of Mundhara & Co, Company Secretaries as Scrutinizer
  • Role: To conduct the E-Voting/voting process in a fair and transparent manner

Financial Results Summary (Quarter Ended September 30, 2026)

Revenue Performance

  • Interest Income: ₹178.78 lakh
  • Dividend Income: ₹0.03 lakh
  • Fees and Commission Income: ₹20.95 lakh
  • Net Gain on Fair Value Changes: Not specified in income breakdown
  • Total Revenue from Operations: ₹199.77 lakh
  • Other Income: Not specified
  • Total Income: ₹199.77 lakh

Expense Breakdown

  • Finance Cost: ₹58.15 lakh
  • Fees and Commission Expenses: ₹90.74 lakh
  • Net Loss on Fair Value Changes: ₹-0.50 lakh
  • Impairment on Financial Instruments: ₹54.72 lakh
  • Employee Benefit Expenses: ₹4.01 lakh
  • Depreciation and Amortization: ₹0.09 lakh
  • Other Expenses: ₹10.98 lakh
  • Total Expenses: ₹218.19 lakh

Profit/Loss Position

  • Loss Before Tax: ₹-18.43 lakh
  • Tax Expense: ₹0.01 lakh (Deferred Tax)
  • Net Loss for Quarter: ₹-18.43 lakh
  • Earnings Per Share (Basic & Diluted): ₹-0.35

Half-Year Performance (April-September 2026)

  • Total Income: ₹397.19 lakh
  • Total Expenses: ₹405.50 lakh
  • Loss Before Tax: ₹-8.31 lakh
  • Net Loss: ₹-8.32 lakh
  • EPS (Basic & Diluted): ₹-0.16

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹2,787.03 lakh
  • Financial Assets: ₹2,740.81 lakh (including Cash: ₹119.02 lakh, Bank Balance: ₹2,603.54 lakh, Loans: ₹13.29 lakh, Investments: ₹4.95 lakh)
  • Non-Financial Assets: ₹46.21 lakh
  • Total Liabilities: ₹2,183.15 lakh
  • Financial Liabilities: ₹2,144.44 lakh (including Payables: ₹208.96 lakh, Borrowings: ₹1,925.00 lakh)
  • Non-Financial Liabilities: ₹38.72 lakh
  • Equity: ₹603.87 lakh (Share Capital: ₹532.80 lakh, Other Equity: ₹71.07 lakh)

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

  • Net Cash from Operating Activities: ₹260.23 lakh
  • Net Cash from Investing Activities: ₹0.16 lakh
  • Net Cash from Financing Activities: ₹-155.64 lakh
  • Net Increase in Cash: ₹104.75 lakh
  • Cash at Beginning: ₹14.27 lakh
  • Cash at End: ₹119.02 lakh

Auditor Review

Joseph & Rajaram Chartered Accountants issued a limited review report stating that based on their review, nothing has come to their attention that causes them to believe that the unaudited financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 standards.

Compliance Information

  • Company Secretary & Compliance Officer: Bharath Selva Ganesh P (M No: A78578)