Board Meeting Details
The Board of Directors meeting commenced at 7:00 PM IST and concluded at 7:50 PM IST on August 13, 2026.
Key Decisions and Approvals
1. Financial Results Approval: Approved Unaudited (Standalone & Consolidated) Financial Results for quarter ended June 30, 2026 pursuant to Regulations 33 and 52 of SEBI Listing Regulations.
2. Auditor Reappointment: Based on Audit Committee recommendation, approved reappointment of M/s. Pijush Gupta & Co., Chartered Accountants (ICAI Firm Registration No: 309015E) as Statutory Auditors for second consecutive term of five years, from conclusion of 38th AGM until conclusion of 43rd AGM in 2031, subject to shareholder approval.
3. Subsidiary Disposal: Approved disposal by sale/transfer of 1,94,414 equity shares (₹10 each, 58% of paid-up equity) and 45,076 Compulsorily Convertible Preference shares (₹10 each, 100% of CCPs) of Investdirect Capital Services Private Limited, a material subsidiary. Transaction value up to ₹11.75 crores subject to performance milestones. Expected completion by March 31, 2027, subject to shareholder approval and regulatory approvals. Upon completion, company will cease to control Investdirect and Moneymap Investment Advisors will cease to be step-down subsidiary.
4. AGM Closure Dates: Approved closure of Company's Register and Share Transfer Books from September 17, 2026 to September 23, 2026 (both inclusive) for 38th AGM.
5. AGM Convening: Approved convening of 38th Annual General Meeting through Video Conferencing on September 23, 2026.
6. Management Appointment: Decided not to proceed with proposed appointment of Mr. Abhishek Thakkar as Whole-time Director.
7. Management Redesignation: Based on Nomination and Remuneration Committee and Audit Committee recommendation, redesignated Mr. Ronak Shah as Deputy Chief Financial Officer effective August 14, 2026.
8. Chief Audit Officer Appointment: Based on Nomination and Remuneration Committee and Audit Committee recommendation, appointed Mr. Jayesh Poojari as Chief Audit Officer (Internal Auditor) effective August 14, 2026, replacing Mr. Ronak Shah.
Financial Results - Standalone (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Revenue from Operations: 2,918.85
- Other Income: 62.44
- Total Income: 2,981.29
- Total Expenses: 2,899.73
- Finance costs: 483.34
- Fees and commission expenses: 1,517.39
- Impairment on financial instruments: 293.35
- Employee benefits expenses: 373.72
- Depreciation, amortization and impairment: 22.37
- Other expenses: 209.56
- Profit before tax: 81.56
- Tax expense: Nil
- Profit for the period: 81.56
- Total comprehensive income: 81.56
- Paid-up equity share capital: 11,124.74
- EPS Basic: ₹0.07
- EPS Diluted: ₹0.07
Key Ratios - Standalone:
- Debt Equity Ratio: 0.25
- Net Worth: ₹36,154.39 lakhs
- Total debts to total assets: 17.79%
- Net Profit Margin: 2.79%
- Gross NPA: 8.93%
- Net NPA: 5.39%
- Provision Coverage Ratio: 39.65%
- Capital Adequacy Ratio: 61.18%
- Security Cover: 1.20 times
Financial Results - Consolidated (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Revenue from Operations: 6,675.61
- Total Expenses: 7,291.28
- Loss before tax: (615.67)
- Tax expense: (114.95)
- Loss for the period: (500.72)
- Total comprehensive loss: (500.72)
- Loss attributable to owners: (272.17)
- Loss attributable to non-controlling interest: (228.55)
- Paid-up equity share capital: 11,124.74
- EPS Basic: (₹0.24)
- EPS Diluted: (₹0.24)
Key Ratios - Consolidated:
- Debt Equity Ratio: 0.43
- Net Worth: ₹32,661.76 lakhs
- Total debts to total assets: 0.23%
- Net Profit Margin: (7.64)%
Segment Information (Consolidated)
Quarter Ended June 30, 2026:
- Financing Related Activities Revenue: ₹3,501.04 lakhs
- Technology Related Activities Revenue: ₹3,174.57 lakhs
- Financing Segment Results: (₹34.91) lakhs
- Technology Segment Results: (₹580.76) lakhs