Key Decisions and Financial Results

1. Unaudited Financial Results:

The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, pursuant to Regulations 33, 51, and 52 of the SEBI Listing Regulations.

Standalone Financial Highlights (Q1 June 2026):

  • Total Income: ₹3,470.84 crore
  • Revenue from Operations: ₹3,409.79 crore, comprising:
  • Interest Income: ₹3,165.00 crore
  • Dividend Income: ₹18.33 crore
  • Fees and Commission Income: ₹126.83 crore
  • Other Operating Income: ₹99.61 crore
  • Profit Before Tax: ₹421.08 crore
  • Profit for the Period (Net Profit): ₹439.92 crore
  • Earnings Per Share (EPS): Basic ₹19.41 | Diluted ₹19.30
  • Paid-up Equity Share Capital: ₹45.34 crore (face value ₹2 each)

Consolidated Financial Highlights (Q1 June 2026):

  • Total Income: ₹3,429.54 crore
  • Profit for the Period (Net Profit): ₹460.98 crore
  • Net Profit Attributable to Owners: ₹459.12 crore
  • Earnings Per Share (EPS): Basic ₹20.38 | Diluted ₹20.27

Comparative Figures (Standalone):

  • Q1 June 2025 Net Profit: ₹263.25 crore
  • Q4 March 2026 Net Profit: ₹603.24 crore (Unaudited)
  • FY March 2026 Net Profit: ₹1,540.02 crore (Audited)

2. Fund Raising Approval:

The Board approved a proposal to raise funds up to ₹4,000 crore (Rupees Four Thousand crore only). The fundraising may be conducted through:

  • Qualified Institutions Placement(s)
  • Preferential Allotment
  • Private Placement(s)
  • Rights Issue
  • Any other permitted method or combination thereof

The securities to be issued may include equity shares, convertible securities, non-convertible debentures with warrants, or any other equity-linked securities. The issuance is subject to market conditions, necessary corporate and regulatory approvals, and other considerations. The Board authorized the Committee of Directors (Administration, Authorisation & Finance) to take all necessary decisions.

3. Postal Ballot:

The Board approved issuing a postal ballot notice to seek requisite shareholders' approval for the fund-raising proposal.

Meeting Details

The Board meeting commenced at 12:30 p.m. and concluded at 3:15 p.m. on July 16, 2026.

Enclosures and Disclosures

The following documents were enclosed with the filing:

  • Unaudited Financial Results (Standalone and Consolidated) for Q1 June 2026
  • Limited Review Report by Joint Statutory Auditors (Singhi & Co. and Lodha & Co. LLP)
  • Statement of utilization of proceeds for the quarter (under Regulation 52(7) and 52(7A))
  • Security Cover Certificate for the quarter (under Regulation 54(3))
  • Detailed disclosure on fund-raising as per Regulation 30 (Annexure I)

Key Notes to Financial Results

Scheme of Arrangement: The financial results for Q1 June 2025 have been restated to reflect the Composite Scheme of Arrangement with Piramal Enterprises Limited (Transferor Company), approved by the NCLT on September 10, 2025, with an appointed date of April 1, 2024. The amalgamation was accounted for as a reverse acquisition.

Exceptional Items (FY March 2026): Included ₹59 crore for amalgamation-related costs and ₹22 crore for compensation on tax matters of an erstwhile subsidiary.

Asset Quality (Standalone, as of June 30, 2026):

  • Gross NPA Ratio: 2.37%
  • Net NPA Ratio: 1.64%
  • Capital to Risk-Weighted Assets Ratio (CRAR): 18.85%

Co-Lending Portfolio (Standalone, as of June 30, 2026):

  • Company's Share of Portfolio: ₹2,716.36 crore across 377,890 cases
  • Disbursement during quarter (Company's share): ₹1,452.09 crore
  • Weighted Average Interest Rate: 14.58%

Loan Transfers (Q1 June 2026):

  • Transferred loans not in default: 26,644 accounts with aggregate principal of ₹1,848.35 crore
  • Transferred stressed loans (NPAs) to ARCs: 3 accounts with principal of ₹10.53 crore for a consideration of ₹18.97 crore

Security Cover Certificate:

The joint statutory auditors certified that the security cover for listed non-convertible debentures (NCDs) amounting to ₹26,306.90 crore was 123% as of June 30, 2026, which is above the minimum required 100%.

Utilization of Proceeds

No funds were raised during the quarter ended June 30, 2026; hence, no statement on utilization or deviation is provided.