Key Financial Figures (₹ in Lakhs)

Revenue Performance:

  • Total income: ₹1,622.45 lakhs (compared to ₹1,717.07 lakhs in Q1 FY26 and ₹617.96 lakhs in Q4 FY26)
  • Revenue from operations: ₹1,611.58 lakhs consisting of:
  • Sale of services: ₹53.63 lakhs
  • Net gain on fair value changes: ₹506.70 lakhs
  • Other income: ₹10.87 lakhs

Expense Breakdown:

  • Total expenses: ₹1,617.23 lakhs
  • Finance costs: ₹401.39 lakhs
  • Impairment on financial instruments: ₹33.56 lakhs
  • Employee benefit expenses: ₹905.39 lakhs
  • Depreciation, amortization and impairment: ₹53.59 lakhs
  • Other expenses: ₹223.30 lakhs

Profitability:

  • Profit before tax: ₹5.22 lakhs (compared to ₹42.38 lakhs in Q1 FY26 and loss of ₹646.89 lakhs in Q4 FY26)
  • Tax expense: ₹(33.21) lakhs (deferred tax)
  • Net profit after tax: ₹38.43 lakhs (compared to loss of ₹484.08 lakhs in Q1 FY26 and loss of ₹644.10 lakhs in Q4 FY26)
  • Total comprehensive income: ₹41.11 lakhs

Capital Structure:

  • Paid-up equity share capital: ₹5,892.42 lakhs (face value ₹10 per share)
  • Reserves excluding revaluation reserves: Not quantified
  • Basic and diluted EPS: ₹0.07 (compared to ₹(0.89) in Q1 FY26 and ₹(1.20) in Q4 FY26)

Key Ratios:

  • Debt-equity ratio: 0.82x
  • Net worth: ₹14,951.38 lakhs
  • Total debt to total assets: 0.44x

Recent Fundraising Activities

NCD Issuances:

  • March 24, 2026: Board approved issuance of 500 subordinated, unsecured, rated, listed, redeemable NCDs of ₹1,00,000 face value each (aggregating ₹5 crore) on private placement basis
  • April 6, 2026: Finance Committee allotted the above NCDs after receipt of funds
  • April 28, 2026: Finance Committee approved allotment of 20,000 senior, secured, rated, listed NCDs of ₹10,000 face value each (aggregating ₹20 crore)

Warrant Allotment:

  • February 6, 2026: Board approved preferential issue of equity share warrants
  • June 15, 2026: Allotted 1,26,00,000 equity share warrants at issue price of ₹55 per warrant (aggregating ₹69.30 crore)
  • Received 25% of warrant issue price amounting to ₹17.325 crore

Open Offer Details

Subsequent to the quarter end, an open offer made by acquirers and PACs under SEBI Takeover Regulations:

  • Tendering period: July 1-14, 2026
  • 36 equity shares tendered at offer price of ₹55 per share (aggregating ₹1,980)
  • All tendered shares accepted
  • Settlement completed on July 17, 2026

Asset Quality and NPA Ratios (as of June 30, 2026)

  • Gross Stage III assets (including loss assets): ₹524.38 lakhs
  • Net Stage III assets (including loss assets): ₹404.29 lakhs
  • Gross Stage III and Loss Assets on AUM: 1.89%
  • Net Stage III and Loss Assets on AUM: 1.45%

Asset Transfer Disclosures (RBI Compliance)

Direct Assignment of Loans Not in Default (Quarter ended June 2026):

  • Aggregate amount: ₹2,292.48 lakhs
  • Sale consideration: ₹2,063.23 lakhs
  • Number of transactions: Not specified
  • Weighted average remaining maturity: 75 months
  • Weighted average holding period after origination: Not specified
  • Retention of beneficial economic interest: 10%
  • Coverage of tangible security: 100%
  • Rating wise distribution: NA
  • Loan replacement instances: NA

Additional Disclosures:

  • No acquisition of loans not in default or stressed during the quarter
  • No transfer of stressed loans during the quarter
  • Total assets under management: ₹27,806.17 lakhs
  • Loans managed under co-lending/servicing arrangements: ₹9,762.78 lakhs

Auditor Reports

Limited Review Report by Jogin Raval & Associates (July 21, 2026):

  • Reviewed unaudited financial results in accordance with SRE 2410
  • No material misstatements identified
  • Financial results prepared in accordance with Ind AS 34 and RBI guidelines

Independent Auditor's Certificate on Security Cover:

  • Certified book value of assets and compliance status of covenants for listed NCDs as of June 30, 2026
  • Prepared pursuant to SEBI Master Circular dated May 16, 2024
  • Nothing came to attention indicating disagreement with unaudited books of account
  • Pari passu security cover maintained at 1.1x (same as previous quarter)

Additional Information

  • Company operates in only one segment (Ind AS-108 not applicable)
  • Previous period figures regrouped/reclassified where necessary
  • Results reviewed by Audit Committee and approved by Board of Directors
  • Financial results comply with Indian Accounting Standards (Ind AS)
  • Disclosure pursuant to Regulation 52(4) attached as Annexure-1