NPR Finance Limited FY26 Performance and 37th AGM Notice
Financial Performance Overview
NPR Finance Ltd reported significantly weaker financial results for FY26, with net profit declining 65% to ₹20.83 lakhs from ₹59.28 lakhs in the previous year. Revenue from operations decreased to ₹504.46 lakhs from ₹716.80 lakhs YoY, primarily due to reduced interest income from financing activities. Profit before tax stood at ₹26.15 lakhs compared to ₹75.79 lakhs in FY25.
The company maintained a strong capital position with a Capital to Risk-weighted Assets Ratio (CRAR) of 97.62% (FY25: 95.63%), comprising Tier I capital of 97.38% and Tier II capital of 0.25%. The loan portfolio totaled ₹3,908.08 lakhs (all unsecured), with 82.25% extended to related parties including promoters, representing significant concentration risk.
Material Related Party Transactions
A key focus area is the extensive related party exposure totaling ₹3,214.63 lakhs outstanding as of March 31, 2026, with major exposures to Ganesh Narayan Brijlal Pvt Ltd (₹817.64 lakhs), GNB Motors Private Limited (₹819.33 lakhs), Indeen Bio Power Limited (₹643.41 lakhs), Rani Leasings & Finance Private Limited (₹946.61 lakhs), and Viewlink Highrise LLP (₹1,601.50 lakhs).
The company has called for its 37th Annual General Meeting on September 24, 2026, to seek shareholder approval for proposed material related party transactions involving ₹21,000 lakhs in loans to 15 promoter group entities. These transactions represent significant percentages of the company's consolidated turnover, ranging from 198.23% to 396.46% for various entities.
AGM Details and Voting Arrangements
The 37th AGM will be held virtually via Video Conferencing/Other Audio-Visual Means on September 24, 2026. Key agenda items include:
- Adoption of audited financial statements for FY26
- Reappointment of Ms. Sarika Mehra as director retiring by rotation
- Approval for material related party transactions and omnibus RPT approval for FY27
E-voting will be available from September 21-23, 2026, with the register of members remaining closed from September 18-24, 2026. The company has appointed a scrutinizer and will follow SEBI guidelines for the virtual meeting process.
Operational and Regulatory Aspects
The company closed several branches during the year (Siliguri, Bardhaman, Nimtala, and Ahmedabad) and maintained no non-performing assets as of March 31, 2026. Managerial remuneration included ₹30.00 lakhs for Managing Director Pawan Kumar Todi and ₹35.26 lakhs for Executive Director Sarika Mehra.
From a regulatory compliance perspective, the company maintained adequate contingent provisions against standard assets (₹6.90 lakhs) and disclosed all required information under SEBI Listing Regulations and RBI guidelines for NBFCs.
The financial statements also revealed investment properties worth ₹432.96 lakhs held for sale, with some properties awaiting registration completion, and employee benefit obligations totaling ₹18.08 lakhs for gratuity and leave encashment.