Financial Results for Q1 FY27 (Quarter Ended June 30, 2026)

The Board approved the unaudited financial results for the quarter ended June 30, 2026:

Income Statement (Rs. 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
  • Total Expenses: ₹976.53
  • Employee Benefit expenses: ₹382.65
  • Finance Costs: ₹307.13
  • Impairment on financial instruments: ₹63.97
  • Depreciation and Amortization: ₹8.26
  • Legal & Professional Expenses: ₹97.61
  • Rates & Taxes: ₹14.36
  • Other Expenditure: ₹102.55
  • Loss before tax: (₹388.34)
  • Tax Expense: ₹7.36 (Deferred Tax)
  • Net Loss for the period: (₹395.70)
  • Total comprehensive income for the period: (₹395.34)

Earnings Per Share:

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

Capital Structure:

  • Paid-up equity share capital: ₹3,577.96 lakhs (Face value of ₹10 each)
  • Other Equity: (₹538.36)

Board Approvals

1. Approval of Unaudited Financial Results for quarter ended June 30, 2026, together with Limited Review Report in accordance with Regulation 33 of SEBI LODR Regulations.

2. Alteration of Memorandum of Association subject to shareholder approval at the 42nd Annual General Meeting. Key changes include:

  • Formal definition as NBFC under RBI Act, 1934
  • Addition of EV financing for three-wheeler passenger and cargo vehicles
  • MSME financing including working capital, small business loans, LAP
  • Green finance for renewable energy projects
  • Removal of underwriting and real estate development businesses

3. Adoption of new Articles of Association subject to shareholder approval.

4. Approval of 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 (Chief Executive Officer) at face value of ₹10 each for non-cash consideration in recognition of achieving the prescribed performance milestone of Assets Under Management (AUM) of ₹100 Crores as on March 31, 2026.

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

Additional Capital Structure Events Disclosed in Notes

  • Preferential Allotment: During the quarter, the Company allotted 38,25,000 equity shares of face value ₹10 each, fully paid-up, at an issue price of ₹20 per share (including securities premium of ₹10 per share) pursuant to Board Resolution dated April 8, 2026.
  • Warrant Issuance: The Company issued 45,00,000 share warrants to Deepa Tracy (Managing Director) on preferential basis at issue price of ₹20 per warrant (face value ₹10 + securities premium ₹10).
  • Share Forfeiture: During the quarter, the Company forfeited 45,442 equity shares of face value ₹10 each, on which ₹8 per share had been paid-up. The amount of ₹6.36 lakhs received on these forfeited shares has been transferred to Capital Reserve.

Meeting Details

  • Board meeting commenced at 12:05 PM and concluded at 02:15 PM on July 17, 2026