Key Financial Results (Quarter Ended June 30, 2026)

Income Statement (₹ in Lakhs):

  • Total Revenue: ₹588.19
  • Revenue from Operations: ₹583.85
  • Interest Income: ₹539.37
  • Fees and Commission Income: ₹21.73
  • Net Gain on Fair Value Changes: ₹11.20
  • Other Operating Income: ₹11.55
  • Other Income: ₹4.34

Expenses (₹ in Lakhs):

  • Total Expenses: ₹976.53
  • Employee Benefit Expenses: ₹382.65
  • Finance Costs: ₹307.13
  • Impairment on Financial Instruments: ₹63.97
  • Legal & Professional Expenses: ₹97.61
  • Other Expenditure: ₹102.55
  • Depreciation and Amortization: ₹8.26
  • Rates & Taxes: ₹14.36

Profit/Loss:

  • Loss Before Tax: (₹388.34)
  • Tax Expense: ₹7.36 (Deferred Tax)
  • Loss After Tax: (₹395.70)
  • Total Comprehensive Income: (₹395.34)

Earnings Per Share:

  • Basic EPS: (₹1.20)
  • Diluted EPS: (₹1.19)

Board Meeting Outcomes

Meeting Details: Commenced at 12:05 PM and concluded at 02:15 PM on July 17, 2026.

Approved Items:

1. Unaudited Financial Results for quarter ended June 30, 2026, together with Limited Review Report

2. Alteration of Memorandum of Association (subject to shareholder approval at 42nd AGM)

3. Adoption of new Articles of Association (subject to shareholder approval at 42nd AGM)

4. Draft Notice of 42nd Annual General Meeting with Explanatory Statement

5. Allotment of 1,06,666 Sweat Equity Shares to Mr. Jatinder Mohan Singh Shah (CEO)

6. Board's Report for FY 2025-2026 with Director Responsibility Statement, Management Discussion and Analysis Report, and Corporate Governance Report

Capital Structure Changes

Share Capital:

  • Paid-up Equity Share Capital (as of June 30, 2026): ₹3,577.96 lakhs (Face value ₹10 each)
  • Other Equity: Negative (₹538.36 lakhs)

Recent Allotments:

  • Preferential Allotment: 38,25,000 equity shares at ₹20 per share (₹10 face value + ₹10 premium) approved by Board on April 8, 2026
  • Share Warrants: 45,00,000 warrants issued to Deepa Tracy (Managing Director) at ₹20 per warrant
  • Share Forfeiture: 45,442 equity shares (₹8 paid-up per share) forfeited on June 30, 2026; ₹6.36 lakhs transferred to Capital Reserve

Sweat Equity Allotment Details

Recipient: Mr. Jatinder Mohan Singh Shah, Chief Executive Officer (Non-Promoter)

Allotment: 1,06,666 Sweat Equity Shares of face value ₹10 each

Consideration: Non-cash consideration in recognition of achieving prescribed performance milestone of Assets Under Management (AUM) of ₹100 Crores as on March 31, 2026

Memorandum of Association Alteration

The Board approved alteration of Clause III of Memorandum of Association, subject to shareholder approval, to:

1. Carry on business as NBFC under RBI Act, 1934

2. Provide loans and advances to individuals, firms, companies, institutions

3. Finance purchase, lease, retrofitting of electric vehicles (EVs)

4. Offer financial assistance to MSMEs including working capital finance, small business loans, loans against property

5. Carry on business of Green Finance including renewable energy financing

6. Manage company funds through investments (but not underwriting or dealing in securities)

7. Conduct asset finance including hire-purchase and leasing

8. Acquire and hold immovable property for business premises or as security for loans

Auditor Review

Jayantilal Thakkar & Co. conducted limited review of unaudited financial results and found no material misstatements. Review conducted in accordance with SRE 2410 issued by ICAI.