Key Financial Figures (FY 2025-26)

  • Total Revenue: ₹373.49 lakhs (45.2% growth YoY from ₹261.72 lakhs)
  • Profit After Tax: ₹33.37 lakhs (93.6% growth YoY from ₹17.24 lakhs)
  • Gross Loan Book: ₹1,362.75 lakhs (18.5% growth YoY from ₹1,150.31 lakhs)
  • Vehicle Loan Portfolio: ₹620.97 lakhs (87.6% growth YoY from ₹330.96 lakhs)
  • Interest Income: ₹367.91 lakhs (47.4% growth YoY from ₹249.63 lakhs)
  • Total Assets: ₹1,444.21 lakhs (9.9% growth from ₹1,314.44 lakhs)
  • CRAR: 40.87% (Tier I: 40.47%; Tier II: 0.40%)
  • NPA Ratio: 3.48%
  • Basic EPS: ₹0.67 (FY25: ₹0.39)
  • Diluted EPS: ₹0.67 (FY25: ₹0.38)

Capital Structure Changes

  • Paid-up Equity Capital: Increased from ₹485.00 lakhs (48,50,000 shares) to ₹505.00 lakhs (50,50,000 shares) due to conversion of 2,00,000 warrants held by Mr. Jyothish A.R.
  • Authorized Share Capital: ₹1,600.00 lakhs (1,60,00,000 equity shares of ₹10 each)
  • NCD Issuance: Raised ₹386.50 lakhs through secured unlisted redeemable non-convertible debentures in three tranches (7th Oct 2025: ₹56.50 lakhs; 6th Nov 2025: ₹280.00 lakhs; 17th Mar 2026: ₹50.00 lakhs)
  • Total Outstanding NCDs: ₹794.60 lakhs (including accrued interest) as of 31st March 2026
  • Rights Issue: Board approved raising ₹757.50 lakhs through Rights Issue; in-principle approval received from BSE; offer period from 10th August 2026 to 3rd September 2026

Board and Management Changes

Appointments during FY 2025-26:

  • Mr. Anto Mekkattukulam Jayson as Managing Director & CEO (from 1st April 2025)
  • Mrs. Jayasree V as Chief Financial Officer (from 27th May 2025)
  • Mr. Vinod Manazhy reappointed as Independent Director (from 27th December 2025)
  • Mr. Nijo Michel as Director (from 13th August 2025)
  • Dr. Habeebrahiman as Independent Director (from 8th August 2025)

Cessations during FY 2025-26:

  • Dr. Anil Menon ceased as Non-Executive Director (11th August 2025)
  • Mr. Anu Thomas Cheriyan ceased as Director (19th September 2025)
  • Mr. George Abraham ceased as Independent Director (15th June 2025)

32nd Annual General Meeting Details

  • Date: 18th September 2026 at 11.30 AM IST
  • Mode: Video Conference/Other Audio-Visual Means
  • Ordinary Business: Adoption of financial statements; Re-appointment of Mr. T.B. Ramakrishnan and Ms. Jitha Chummar as directors retiring by rotation
  • Special Business: Revision of remuneration for Mr. Anto Mekkattukulam Jayson (MD); Authorization for NCD issuance up to ₹10 crore via private placement

Remuneration Revision

Proposed revision for Mr. Anto Mekkattukulam Jayson (MD) effective 1st April 2026:

  • Fixed Salary: ₹1,25,000 per month
  • Performance-Linked Commission: 15% of profit before tax exceeding ₹70 lakhs
  • No additional perquisites or allowances

Operational Initiatives

  • Relocated Corporate Office to Sree Vadakkumnathan Shopping Complex, Thrissur
  • Adopted updated Fair Practices Code and KYC Policy in line with RBI Directions 2025
  • Rationalized banking relationships and enhanced internal controls
  • Undertook Lok Adalat initiative for One-Time Settlement of non-performing accounts

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • ₹6.67 lakhs (20% of net profit) transferred to Statutory Reserve Fund as per RBI Act
  • ₹26.70 lakhs retained in Retained Earnings

Corporate Governance

  • Board met 11 times during FY 2025-26
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management) functional
  • Whistle Blower Policy and Vigil Mechanism in place
  • No sexual harassment complaints received during the year

Forward Outlook

Priorities for FY 2026-27:

  • Complete Rights Issue and deploy capital for growth
  • Continue focus on Vehicle Loan portfolio expansion
  • Sustain asset quality through recovery actions
  • Deepen funding relationships including NCD issuances
  • Strengthen systems and technology infrastructure

Auditors

  • Statutory Auditors: M/s. Ayyar & Cherian, Chartered Accountants (until 36th AGM in 2030)
  • Secretarial Auditor: M/s. Liya and Associates, Company Secretaries (until FY 2029-30)
  • Debenture Trustee: CS Amal M S
  • RTA: MUFG Intime India Private Limited

Key Ratios

  • Interest Coverage Ratio: 0.41 (FY25: 0.23)
  • Debt-Equity Ratio: 1.40 (FY25: 1.41)
  • Operating Profit Margin: 31.07% (FY25: 35.75%)
  • Net Profit Margin: 8.94% (FY25: 6.74%)
  • Return on Net Worth: 0.06 (FY25: 0.03)