Key Quantitative Figures

Financial Results for Quarter Ended June 30, 2026 (₹ in Lakhs):

  • Total Income: ₹1,622.45
  • Profit Before Tax: ₹5.22
  • Net Profit After Tax: ₹38.43
  • Total Comprehensive Income: ₹41.11
  • Paid-up Equity Share Capital: ₹5,892.42
  • Basic EPS: ₹0.07
  • Diluted EPS: ₹0.07

Year-over-Year Comparison (Q1 FY26):

  • Net Profit FY26: (₹484.08) loss
  • Basic EPS FY26: (₹0.89)

Asset Quality Metrics:

  • Gross Stage III assets: ₹524.38 lakhs (1.89% of AUM)
  • Net Stage III assets: ₹404.29 lakhs (1.45% of AUM)
  • Total AUM: ₹27,806.17 lakhs
  • Loans under co-lending/servicing: ₹9,762.78 lakhs

NCD Issuance Details:

  • Amount: ₹20,00,00,000 (Twenty Crores)
  • Instruments: 20,000 NCDs
  • Face Value: ₹10,000 per NCD
  • Coupon: 11.90% per annum payable monthly
  • Tenure: 28 months and 8 days
  • Security: First ranking pari passu charge on book debts/loan receivables

Security Cover Position (as of June 30, 2026):

  • Total Assets: ₹27,684.54 lakhs
  • Secured Debt Coverage: 1.1x book value
  • Exclusive Security Cover Ratio: Not computed
  • Pari-Passu Security Cover Ratio: Not computed

Dates of Action

  • Board Meeting: July 21, 2026 (7:35 PM to 9:41 PM)
  • Quarter Ended: June 30, 2026
  • Previous NCD Allotment: April 6, 2026 (₹5 crore) and April 28, 2026 (₹20 crore)
  • Warrant Allotment: June 15, 2026
  • Open Offer Settlement: July 17, 2026

Parties Involved

  • Auditor: Jogin Raval & Associates, Chartered Accountants
  • Target Acquisition: Saksham Gram Credit Private Limited
  • Regulatory References: SEBI, RBI, BSE Limited

Acquisition Details

Saksham Gram Credit Private Limited:

  • Proposed 100% equity acquisition
  • Incorporation Date: December 24, 2019
  • Business: Business Correspondent services for banks/NBFCs, microfinance, unsecured/secured business loans
  • Operational Presence: 10 states, 147 branches
  • Financials:
  • Managed Portfolio: ₹523 crore (as of March 31, 2026)
  • Total Income: ₹43.39 crore (FY26)
  • Historical Income:
  • FY26: ₹45.29 crore
  • FY25: ₹64.16 crore
  • FY24: ₹34.04 crore
  • Expected Completion: Within 6 months
  • Consideration: To be determined

Capital Structure Impact

  • No immediate equity dilution from current decisions
  • NCD issuance will increase debt burden by ₹20 crore
  • Potential future equity impact from Saksham acquisition (consideration not determined)