Financial Performance Summary

Lyons Corporate Market Limited, a Non-Banking Financial Company (NBFC) registered with RBI (Registration No. B-05.00932), presented its 33rd Annual Report for the financial year ended March 31, 2026.

Key Financial Results (₹ in Lakhs):

| Particulars | FY 2025-26 | FY 2024-25 |

| Total Income | 160.66 | 150.91 |

| Total Expenditure | 127.66 | 128.18 |

| Profit Before Exceptional Items and Tax | 33.00 | 22.73 |

| Exceptional Items | 0.00 | 30.00 |

| Profit/(Loss) Before Tax | 33.00 | (7.27) |

| Net Tax Expenses | (2.60) | (35.60) |

| Profit/(Loss) After Tax | 30.40 | (42.87) |

| Total Other Comprehensive Income | 91.78 | 458.63 |

| Total Comprehensive Income | 122.18 | 415.76 |

| Retained Earnings (Closing) | (184.89) | (215.40) |

Business Operations Review

The Company operates as an NBFC engaged in providing loans and making investments in shares and securities. Profit before tax for FY26 was ₹33.00 lakhs compared to loss before tax of ₹(7.27) lakhs in FY25. The improvement was primarily due to absence of exceptional items which amounted to ₹30.00 lakhs in FY25.

Capital Structure & Shareholding

  • Equity Share Capital: ₹467.80 lakhs (unchanged from previous year)
  • 4,678,000 equity shares of ₹10 each issued and subscribed
  • DIPL Computers Pvt. Ltd. holds 2,314,350 shares (49.47%)
  • No changes in share capital during the year
  • No buyback, bonus shares, sweat equity, or ESOPs issued

Dividend Declaration

No dividend recommended for FY26 due to accumulated losses. Retained earnings stood at negative ₹184.89 lakhs as of March 31, 2026.

Management Changes

1. May 6, 2025: Mr. Sanjiv Agarwal, CFO, passed away

2. May 21, 2025: Mr. Suvabrata De, Managing Director, appointed as additional CFO

3. December 1, 2025: Mrs. Madhumita Tapader resigned as Independent Director

4. December 30, 2025: Mrs. Madhu Jain (DIN: 07129506) appointed as Additional Director (Non-Executive Independent Director)

5. March 19, 2026: Shareholders approved Mrs. Madhu Jain's appointment for 5 years (until December 29, 2030)

Mr. Suvabrata De (DIN: 07911004) retires by rotation and offers himself for re-appointment at the forthcoming AGM.

Board & Committee Meetings

  • Board Meetings: 16 meetings held during FY26 with full attendance by most directors
  • Audit Committee: 4 meetings held
  • Nomination and Remuneration Committee: 3 meetings held
  • Annual General Meeting: Held on September 25, 2025

Remuneration Details

Key Managerial Personnel Compensation (₹ in Lakhs):

| Name | Position | FY26 Compensation |

| Suvabrata De | MD & CFO | 8.44 |

| Prity Agarwal | Company Secretary | 2.40 |

| Sanjiv Agarwal | Former CFO | 0.53 |

Director Remuneration (₹ in Lakhs):

| Name | Position | FY26 Compensation |

| Raj Kumar Jaluka | Independent Director | 0.06 |

| Daya Shankar Chaubey | Non-Executive Director | 0.05 |

| Madhumita Tapader | Former Independent Director | 0.04 |

| Madhu Jain | Independent Director | 0.02 |

Median employee remuneration: ₹3.44 lakhs with 8 permanent employees on rolls.

Regulatory Compliance & Auditors

Statutory Auditors:

SRB & Associates, Chartered Accountants (FRN: 310009E) were appointed for 5 years until AGM 2030. Their report contains no qualifications, reservations, or adverse remarks.

Secretarial Auditor:

Dipika Jain, Practicing Company Secretary, conducted secretarial audit. The report indicated general compliance with applicable laws, with some observations for which necessary compliance steps are being taken.

Key Compliance Aspects:

  • Corporate Governance provisions not applicable (paid-up capital < ₹10 crores, net worth < ₹25 crores)
  • No CSR initiatives undertaken (provisions not applicable)
  • No deposits accepted under Section 73 of Companies Act, 2013
  • No related party transactions under Section 188(1)
  • No unclaimed dividend transferred to IEPF
  • No material orders from regulators/courts
  • Shares listed on BSE and Calcutta Stock Exchange with annual fees paid up to date

Financial Position (as of March 31, 2026)

Assets (₹ in Lakhs):

  • Financial Assets: ₹2,075.95 (Cash: ₹9.20, Loans: ₹852.76, Investments: ₹1,213.99)
  • Non-Financial Assets: ₹40.07
  • Total Assets: ₹2,116.02

Liabilities & Equity (₹ in Lakhs):

  • Financial Liabilities: ₹862.49 (Borrowings: ₹860.00)
  • Non-Financial Liabilities: ₹114.54
  • Total Liabilities: ₹977.03
  • Total Equity: ₹1,138.99

Investments Portfolio

Quoted Equity Instruments (FVTCI): ₹685.74 lakhs

  • Ganges Manufacturing Co. Ltd.: ₹624.00 (650,000 shares)
  • Siddheswari Garments Limited: ₹61.74 (280,000 shares)

Unquoted Equity Instruments (FVTCI): ₹183.25 lakhs

  • Aditya Translink Pvt. Ltd.: ₹58.30 (2,915,000 shares)
  • Ganges Jute Pvt. Ltd.: ₹105.00 (725,000 shares)
  • Other investments: ₹19.95

Unquoted Preference Instruments (FVTCI): ₹345.00 lakhs

  • Digvijay Agencies Pvt. Ltd.: ₹177.00 (177,000 shares)
  • Liberty Dealcom Pvt. Ltd.: ₹168.00 (168,000 shares)

Risk Management

The Company has adopted comprehensive risk management policies including:

  • Risk Management Policy pursuant to Section 134(3)(n) of Companies Act, 2013
  • Vigil Mechanism/Whistle Blower Policy
  • Prevention of Insider Trading Code
  • Internal Financial Controls framework

Other Significant Disclosures

  • No fraud reported or detected during the year
  • No outstanding litigation impacting financial position
  • No outstanding dues to Micro and Small Enterprises
  • Company provided corporate guarantee of ₹2.14 crores and equitable mortgage on office premises as collateral security to Central Bank of India for credit facilities to Aditya Translink Pvt. Ltd.
  • CRAR stood at 27.74% (Tier I: 27.64%, Tier II: 0.10%)
  • Liquidity Coverage Ratio: 38.87%

Future Outlook

The Company remains cautiously optimistic for FY 2025-26, continuing to focus on finance and investment activities while monitoring changing economic and market conditions to make prudent business decisions.