Board Meeting Details

A meeting of the Board of Directors was held on Friday, October 30, 2026, commencing at 4:30 p.m. and concluding at 6:00 p.m. at the Registered Office of the Company. The board considered and approved the unaudited Standalone Financial Results for the quarter and year ended 30th September, 2026.

Financial Results Summary (Quarter Ended 30-Sep-2026)

  • Revenue from operations: ₹411.76 lakh (Q2 FY26: ₹151.08 lakh)
  • Fees and commission Income: ₹5.13 lakh
  • Sale of services: ₹406.63 lakh
  • Other operating Income: ₹0.91 lakh
  • Total Income: ₹412.67 lakh (Q2 FY26: ₹151.10 lakh)
  • Total expenses: ₹170.92 lakh (Q2 FY26: ₹133.60 lakh)
  • Finance Cost: ₹107.17 lakh
  • Employee benefit expenses: ₹26.59 lakh
  • Depreciation and amortization: ₹3.99 lakh
  • Other expenses: ₹33.17 lakh
  • Profit before tax: ₹241.74 lakh (Q2 FY26: ₹17.51 lakh)
  • Tax expense: ₹59.33 lakh
  • Current tax: ₹61.35 lakh
  • Deferred tax: (₹2.03) lakh
  • Net profit after tax: ₹182.41 lakh (Q2 FY26: ₹13.28 lakh)
  • Earnings per share (face value ₹10): Basic ₹0.51 | Diluted ₹0.51

Financial Results Summary (Half Year Ended 30-Sep-2026)

  • Revenue from operations: ₹663.96 lakh (H1 FY26: ₹279.70 lakh)
  • Other operating Income: ₹1.19 lakh
  • Total Income: ₹665.15 lakh (H1 FY26: ₹279.81 lakh)
  • Total expenses: ₹288.89 lakh (H1 FY26: ₹251.40 lakh)
  • Profit before tax: ₹376.26 lakh (H1 FY26: ₹28.42 lakh)
  • Tax expense: ₹91.66 lakh
  • Net profit after tax: ₹284.60 lakh (H1 FY26: ₹21.26 lakh)
  • Earnings per share (face value ₹10): Basic ₹0.80 | Diluted ₹0.80

Balance Sheet Position (As on 30-Sep-2026)

  • Total Assets: ₹14,733.66 lakh (31-Mar-2026: ₹6,235.62 lakh)
  • Financial Assets: ₹14,420.95 lakh
  • Cash and cash equivalents: ₹182.60 lakh
  • Loans: ₹14,223.08 lakh
  • Investments: ₹1.41 lakh
  • Other financial assets: ₹13.86 lakh
  • Non-Financial Assets: ₹312.71 lakh
  • Current tax assets: ₹21.17 lakh
  • Property, plant and equipment: ₹62.70 lakh
  • Other non-financial assets: ₹228.85 lakh
  • Total Liabilities: ₹4,654.79 lakh
  • Financial Liabilities: ₹4,578.21 lakh
  • Borrowings: ₹4,280.86 lakh
  • Trade payables: ₹265.20 lakh
  • Other payables: ₹1.90 lakh
  • Deposits: ₹9.00 lakh
  • Subordinated liabilities: ₹21.25 lakh
  • Non-Financial Liabilities: ₹76.58 lakh
  • Equity: ₹10,078.87 lakh
  • Equity share capital: ₹7,810.00 lakh
  • Other Equity: ₹2,268.87 lakh

Cash Flow Statement (Half Year Ended 30-Sep-2026)

  • Net cash from operating activities: (₹7,746.67) lakh
  • Net cash from investing activities: (₹0.05) lakh
  • Net cash from financing activities: ₹7,796.08 lakh
  • Loan raised: ₹1,585.27 lakh
  • Share issued: ₹6,390.00 lakh
  • Interest paid: (₹179.19) lakh
  • Net increase in cash: ₹49.35 lakh
  • Cash at beginning: ₹133.25 lakh
  • Cash at end: ₹182.60 lakh

Fund Raising Activities

  • Mode of Fund Raising: Rights Issues
  • Date of Raising Funds: 29th July, 2026
  • Amount Raised: ₹63.90 crore (₹6390.00 lakh)
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Utilization of Funds:
  • ₹61.30 crore for augmenting capital base for NBFC lending activities
  • ₹2.60 crore for general corporate purposes
  • No deviation/variation in use of funds raised

Related Party Transactions (Half Year Ended 30-Sep-2026)

Total value of transactions during reporting period: ₹15.39 crore

1. Arun Nair (Director): Remuneration ₹9.09 lakh

2. Akhil M Nair (Managing Director): Remuneration ₹7.82 lakh

3. Dhananjay (Whole Time Director): Remuneration ₹2.77 lakh

4. Marg Cred Pvt Ltd: Interest paid ₹18.80 lakh

5. Sajeev Nair (Husband of Director): Remuneration ₹2.98 lakh

6. Narayan Nair (Brother of father of MD): Remuneration ₹0.60 lakh

7. Swati Nair (Daughter of Director): Remuneration ₹2.98 lakh

8. Akhil Nair (MD): Loan ₹0.52 lakh | Opening balance ₹106.96 lakh | Closing balance ₹104.72 lakh

9. Arun Nair (Director): Loan ₹37.31 lakh

10. Marg Cred Pvt Ltd: Loan ₹583.33 lakh | Opening balance ₹829.54 lakh | Closing balance ₹569.74 lakh

11. Akhil Nair (MD): Loan Repaid ₹2.77 lakh

12. Arun Nair (Director): Loan Repaid ₹3.77 lakh

13. Marg Cred Pvt Ltd: Loan Repaid ₹861.94 lakh

14. Keerti Nair (Wife of Director): Advance ₹4.28 lakh | Opening balance ₹4.28 lakh | Closing balance ₹0.00 lakh

Default Status

  • Loans from banks/financial institutions: Total outstanding ₹11.21 lakh | No default
  • Unlisted debt securities: No outstanding amount | No default
  • Total financial indebtedness: ₹4,280.86 lakh

Auditor Review

Sheladiya & Jyani, Chartered Accountants (FRN: 0134430W) conducted a limited review of the financial results. Based on their review, nothing has come to their attention that causes them to believe that the statement contains any material misstatement.