Key Decisions and Financial Results

The Board meeting, which commenced at 05:30 PM and concluded at 08:15 PM, considered and approved the following items:

1. Unaudited Financial Results for Q1 FY27: The Board approved the unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the statutory auditor, AKGSR & Co., who issued an unmodified review report.

  • Revenue: Total income for the quarter was ₹7.78 lakhs, comprising:
  • Interest Income: ₹3.82 lakhs
  • Net Gain on Fair Value Changes: ₹3.94 lakhs
  • Other Income: ₹0.02 lakhs
  • Expenses: Total expenses were ₹2.22 lakhs, which included:
  • Finance Costs: ₹1.32 lakhs
  • Employee Benefits Expenses: ₹0.19 lakhs
  • Depreciation: ₹0.28 lakhs
  • Other Expenses: ₹0.32 lakhs
  • Impairment on financial instruments: ₹0.11 lakhs
  • Profitability: Profit before tax was ₹5.55 lakhs. After a tax expense of ₹1.48 lakhs, the net profit for the quarter was ₹4.07 lakhs.
  • Earnings Per Share (EPS): Basic and diluted EPS for the quarter stood at ₹5.48.
  • Comparative Figures: This represents a significant improvement from a net loss of ₹3.49 lakhs in the previous quarter (Q4 FY26) and a net profit of ₹1.32 lakhs in the year-ago quarter (Q1 FY26).
  • Paid-up Capital: The paid-up equity share capital remained unchanged at ₹7.42 lakhs (face value ₹10 per share).

2. Appointment of Internal Auditor: The Board approved the appointment of M/s V A R G & Co, Chartered Accountants (Firm Registration No. 025157N), as the Internal Auditor of the company for the financial year 2026-27. This appointment replaces M/s VSPV & Co, Chartered Accountants, whose term ended upon completion of their tenure for FY 2025-26. The profile of the new auditor was noted as a professionally managed firm with 14 years of experience in audit, assurance, taxation, and business advisory.

3. Alteration of Memorandum of Association (MOA): Subject to approval from the company's members and other regulatory approvals if required, the Board approved an alteration to the main object clause (Clause III (A) 3) of its Memorandum of Association. The new proposed clause expands the company's objects to include purchasing/selling book debts and stress assets, providing various forms of finance (loans, working capital, project finance), and investing in Alternative Investment Funds (AIFs), alongside its existing business of investment and trading in shares and derivatives.

Regulatory Compliance and Notes

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and relevant RBI guidelines for NBFCs. The company confirmed it had not transferred/acquired any loan exposures or lent funds for project finance during the quarter. The company operates as a single reportable segment and has no subsidiaries, associates, or joint ventures. There were no exceptional items reported for the quarter.