Key Quantitative Figures

Quarterly Performance (Q2 FY26)

  • Revenue from Operations: ₹240.34 lakh (₹2.40 crore)
  • Other Income: ₹1.56 lakh
  • Total Income: ₹241.91 lakh
  • Total Expenses: ₹216.81 lakh
  • Profit before tax: ₹25.09 lakh
  • Net Profit for the period: ₹25.09 lakh
  • Other Comprehensive Income: ₹(13.76) lakh
  • Total Comprehensive Income: ₹11.34 lakh
  • Basic EPS: ₹0.55
  • Diluted EPS: ₹0.55

Half-Yearly Performance (H1 FY26)

  • Revenue from Operations: ₹698.29 lakh (₹6.98 crore)
  • Other Income: ₹1.92 lakh
  • Total Income: ₹700.21 lakh
  • Total Expenses: ₹614.69 lakh
  • Profit before tax: ₹85.52 lakh
  • Net Profit for the period: ₹85.52 lakh
  • Other Comprehensive Income: ₹(3.18) lakh
  • Total Comprehensive Income: ₹82.33 lakh
  • Basic EPS: ₹1.87
  • Diluted EPS: ₹1.87

Comparative Figures

  • Q2 FY25 Net Profit: ₹49.07 lakh
  • H1 FY25 Net Profit: ₹39.48 lakh
  • FY26 Annual Net Loss: ₹(18.51) lakh

Dates of Action

  • Board Meeting Date: November 4, 2026 (12:30 PM to 2:30 PM)
  • Period Ended: September 30, 2026
  • Subsidiary Divestment Effective: September 17, 2026

Parties Involved

  • Former Subsidiary: Mefcom Securities Limited
  • Auditor: Satya Prakash Garg & Co. (Chartered Accountants, FRN: 017544N)
  • Stock Exchange: BSE Limited

Significant Corporate Development

Pursuant to shareholder resolution passed at Annual General Meeting held on August 8, 2026, the Company divested and dissolved its entire stake in its former subsidiary, M/s MEFCOM Securities Limited, during the current quarter. Consequently, the Company does not possess any subsidiary as of this quarter, eliminating the requirement to prepare and submit consolidated financial results under Regulation 33 of SEBI Listing Regulations.

Segment-wise Performance (Q2 FY26)

Revenue

  • Trading in Shares & Securities: ₹170.50 lakh
  • Merchant Banking Service: ₹69.85 lakh
  • Total Revenue: ₹240.34 lakh

Segment Results

  • Trading in Shares & Securities: ₹(5.36) lakh loss
  • Merchant Banking Service: ₹36.77 lakh profit
  • Total Segment Results: ₹31.40 lakh
  • Unallocated Expenses: ₹(6.31) lakh

Assets and Liabilities (as at September 30, 2026)

  • Total Assets: ₹424.96 lakh
  • Total Liabilities: ₹166.93 lakh
  • Total Equity: ₹258.04 lakh
  • Paid-up Equity Share Capital: ₹91.40 lakh (face value ₹2 per share)

Balance Sheet Position

As at September 30, 2026 vs March 31, 2026

  • Total Assets: ₹424.96 lakh (vs ₹377.01 lakh)
  • Current Assets: ₹389.24 lakh (vs ₹308.78 lakh)
  • Stock-in-trade: ₹322.21 lakh (vs ₹280.25 lakh)
  • Cash and Bank Balances: ₹19.78 lakh (vs ₹4.26 lakh)
  • Total Equity: ₹258.04 lakh (vs ₹175.70 lakh)
  • Current Liabilities: ₹166.93 lakh (vs ₹201.30 lakh)
  • Borrowings/Advances from Director: ₹150.78 lakh (vs ₹195.59 lakh)

Cash Flow Statement (H1 FY26)

  • Cash from Operating Activities: ₹35.59 lakh
  • Cash from Investing Activities: ₹30.93 lakh
  • Cash from Financing Activities: ₹(51.00) lakh
  • Net Cash Flow: ₹15.52 lakh
  • Opening Cash Balance: ₹(1.26) lakh
  • Closing Cash Balance: ₹19.78 lakh

Financial Impact

The financial results represent standalone performance only following the divestment of the subsidiary. The divestment has resulted in the company operating without any subsidiaries and consequently only preparing standalone financial results.

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