Key Decisions and Approvals
1. Financial Results Approval
The Board of Directors considered, approved, and took on record the Audited Financial Statements/Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2026.
The following documents were enclosed with the filing:
- Audited Standalone and Consolidated Financial Results
- Audit Report of the Joint Statutory Auditors (Standalone and Consolidated)
- Declaration on Unmodified Opinion on Auditors' Report under Regulation 33(3)(d) and Regulation 52(3)(a)
The financial results were signed by Director Shri Devendra Kumar Mantri (DIN: 00075664), who was authorized by the Board for this purpose.
2. Dividend Decision
Decision on dividend to be proposed by the Board of Directors has been adjourned for consideration at an adjourned meeting of the Board to be held on Thursday, 4th June, 2026. The outcome will be intimated separately with appropriate disclosures.
Due to this adjournment, the trading window will remain closed until 48 hours after the announcement of dividend is made public on June 4, 2026.
3. Director Appointment
Based on the recommendations of the Nomination and Remuneration Committee, the Board approved the appointment of Shri Arun Laddha (DIN: 00079406) as an Additional Director in the category of Non-Executive Independent Director for a first term of 5 consecutive years commencing from 28th May, 2026, subject to shareholder approval to be obtained within three months.
Shri Arun Laddha is not debarred from holding the office of director by virtue of any SEBI order or other authority. His profile indicates he is Managing Director of J.R. Laddha Financial Services Pvt. Ltd., a Calcutta University commerce graduate, NISM-certified Mutual Fund Advisor with over three decades of experience serving HNIs, corporates and institutions.
4. Meeting Details
The board meeting commenced at 3:30 PM IST and adjourned at 5:55 PM IST on May 28, 2026. The adjourned meeting will be held on June 4, 2026.
Financial Results Summary (Standalone)
Income Statement Highlights (₹ in Lakhs)
Quarter Ended March 31, 2026:
- Total Income: ₹4,849.15
- Profit Before Tax: ₹169.80
- Profit After Tax: ₹81.20
- Basic & Diluted EPS: ₹0.73
Year Ended March 31, 2026:
- Total Income: ₹29,348.59
- Profit Before Tax: ₹9,705.16
- Profit After Tax: ₹7,185.76
- Basic & Diluted EPS: ₹64.90
Revenue Breakdown (Year Ended March 31, 2026):
- Interest Income: ₹20,243.35
- Dividend Income: ₹8,305.05
- Rental Income: ₹110.29
- Net gain on fair value changes: ₹108.43
- Other Income: ₹538.49
Expense Breakdown (Year Ended March 31, 2026):
- Finance Cost: ₹16,462.15
- Net loss on derecognition of financial instruments: ₹1,615.11
- Employee Benefits Expense: ₹731.33
- Depreciation and Amortisation: ₹31.62
- Other Expenses: ₹803.22
Balance Sheet Highlights (as at March 31, 2026)
- Paid-up equity share capital: ₹1,107.23 lakhs (Face Value ₹10 each)
- Other Equity: ₹15,02,607.75 lakhs
- Total Assets: ₹18,73,856.25 lakhs
- Financial Liabilities: ₹2,39,194.23 lakhs
- Non-Financial Liabilities: ₹1,30,947.04 lakhs
Key Ratios (Standalone)
- Current Ratio: 0.26 times
- Debt to Equity: Not directly stated
- Operating Margin: 33.69%
- Net Profit Margin: 24.94%
- Gross NPA: NIL
- Net NPA: NIL
Financial Results Summary (Consolidated)
Income Statement Highlights (₹ in Lakhs)
Quarter Ended March 31, 2026:
- Total Income: ₹4,922.22
- Profit Before Tax: ₹215.14
- Profit After Tax: ₹114.49
- Share of Profit/(Loss) in Associate: ₹360.83
- Total Profit/(Loss): ₹475.32
- Basic & Diluted EPS: ₹4.29
Year Ended March 31, 2026:
- Total Income: ₹28,825.37
- Profit Before Tax: ₹9,086.76
- Profit After Tax: ₹6,537.04
- Share of Profit/(Loss) in Associate: ₹(3,431.49)
- Total Profit/(Loss): ₹3,105.55
- Basic & Diluted EPS: ₹28.05
Consolidated Entities
The consolidated results include:
- Parent Company: Pilani Investment and Industries Corporation Limited
- Subsidiaries: PIC Realcon Limited, PIC Properties Limited
- Associate: Aditya Birla Real Estate Limited (erstwhile Century Textiles Industries Limited)
1. Commercial Paper Details
The filing includes detailed information about Commercial Paper (CP) repayments and outstanding amounts totaling significant values, with various ISINs, due dates, and payment statuses.
2. Credit Ratings
The company maintains:
- CARE: CAREA1+ (Short Term), CAREAA+/STABLE (Long Term)
- CRISIL: CRISILA1+ (Short Term), CRISILAA+/STABLE (Long Term)
3. Labour Code Impact
The Government of India notified four Labour Codes on November 21, 2025, with corresponding rules notified on May 8, 2026. The company recognized a net incremental impact of ₹9.17 lakhs towards past service cost in respect of employee benefit plans for the year ended March 31, 2026.
4. NCD Issuance
During the quarter ended March 2026, the company issued 50,000 8.11% Fully paid, Unsecured, Listed, Rated, Redeemable, Non-Cumulative, Rupee denominated, Non-Convertible Debentures amounting to ₹500 Crore maturing on April 24, 2029. The entire proceeds were utilized for the purpose mentioned in the Debenture Trust Deed, and the NCDs were listed on BSE Limited.
5. Utilization of Proceeds
Annexure-C provides a statement of utilization of issue proceeds of non-convertible securities, confirming that the ₹500 crore raised through NCD issuance on March 25, 2026, has been fully utilized with no deviations from the stated purpose.
6. Covenant Compliance
Annexure-D includes a half-yearly certificate from Agrawal Subodh & Co., Chartered Accountants, confirming compliance with all covenants in respect of listed Non-Convertible Debentures (NCDs) as of March 31, 2026.
Dividend History
For the year ended March 31, 2025, the company paid dividend @ ₹15 per equity share of ₹10 each fully paid up, aggregating to ₹1,660.84 lakhs.
Business Overview
The main business of the company is investment and financing activities in India. There are no separate reportable segments as per IND AS 108 "Operating Segments". The company is registered as an NBFC-CIC (Non-Banking Financial Company - Core Investment Company) with RBI.