Key Quantitative Figures

Standalone Financial Results (Q1 FY27):

  • Revenue from Operations: ₹457.95 lakh
  • Other Income: ₹3.55 lakh
  • Total Income: ₹458.30 lakh
  • Total Expenses: ₹397.88 lakh
  • Profit Before Tax: ₹60.42 lakh
  • Profit for Period: ₹60.42 lakh
  • Other Comprehensive Income: ₹10.57 lakh
  • Total Comprehensive Income: ₹70.99 lakh
  • Basic EPS: ₹1.32
  • Diluted EPS: ₹1.32
  • Paid-up Equity Capital: ₹914.02 lakh
  • Reserves: ₹1,552.98 lakh

Segment-wise Standalone Performance (Q1 FY27):

  • Trading in Shares & Securities Revenue: ₹456.45 lakh
  • Merchant Banking Service Revenue: ₹15.00 lakh
  • Trading Segment Profit: ₹78.93 lakh
  • Merchant Banking Segment Loss: ₹(11.54) lakh

Consolidated Financial Results (Q1 FY27):

  • Revenue from Operations: ₹499.93 lakh
  • Other Income: ₹7.99 lakh
  • Total Income: ₹500.73 lakh
  • Profit Before Tax: ₹72.30 lakh
  • Profit for Period: ₹72.30 lakh
  • Share of Non-controlling Interest: ₹4.75 lakh
  • Profit Attributable to Owners: ₹67.55 lakh
  • Basic EPS: ₹1.48
  • Diluted EPS: ₹1.48

Subsidiary Information:

  • Mefcom Securities Limited contributed revenues of ₹424.23 lakh
  • Subsidiary net profit: ₹118.74 lakh
  • Subsidiary total comprehensive income: ₹118.74 lakh

Dates of Action

  • Board Meeting: August 13, 2026 (4:30 PM to 6:00 PM)
  • Shareholder Approval: August 8, 2026 (Annual General Meeting)
  • Valuation Report Date: August 13, 2026
  • BSE Approval: March 23, 2026
  • NSE Approval: April 23, 2026

Parties Involved

  • Subsidiary: Mefcom Securities Limited
  • Purchaser: Mr. Vijay Mehta (Promoter and Managing Director)
  • Valuer: M/s Satya Prakash Garg & Co. (Statutory Auditors)
  • Regulatory Authorities: BSE, NSE, SEBI

Transaction Details

  • Sale of entire shareholding in Mefcom Securities Limited: 29,99,800 equity shares
  • Price per share: ₹8.58
  • Total transaction value: Approximately ₹257.26 lakh
  • Based on valuation considering Audited Financial Statements as at March 31, 2026

Financial Impact

The divestment will result in the company having no subsidiary and no requirement for consolidated financial statements in subsequent quarters. The financial impact of the sale is determined at ₹8.58 per share based on the valuation report.

Capital Structure Impact

Post-transaction, the company will no longer have subsidiary holdings, changing its corporate structure from having a subsidiary to a standalone entity.

Auditor Review

Both standalone and consolidated financial results were reviewed by Satya Prakash Garg & Co., Chartered Accountants, who issued unmodified review conclusions.