Key Quantitative Figures (Standalone, Rs. in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹105.66
  • Interest Income: ₹104.70
  • Sale of Services: ₹0.95
  • Other Income: ₹0.20
  • Total Income: ₹105.86
  • Total Expenses: ₹101.86
  • Finance Costs: ₹22.73
  • Fees & Commission Expense: ₹20.42
  • Impairment on Financial Instruments: ₹0.97
  • Employee Benefits Expenses: ₹39.07
  • Depreciation & Amortization: ₹1.47
  • Other Expenses: ₹17.19
  • Profit Before Tax: ₹4.00
  • Profit for the Period/Net Profit: ₹4.00
  • Paid-up Equity Share Capital: ₹1,262.50 (Face value ₹10 per share)
  • Basic & Diluted EPS: ₹0.01

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹214.80
  • Total Income: ₹215.72
  • Profit Before Tax: ₹18.16
  • Profit for the Period/Net Profit: ₹18.16
  • Basic & Diluted EPS: ₹0.05

Comparative Figures (Quarter Ended June 30, 2026 - Q1 FY27):

  • Net Profit: ₹14.15
  • Basic & Diluted EPS: ₹0.28

Balance Sheet Highlights (as at September 30, 2026):

  • Total Assets: ₹2,243.95
  • Financial Assets: ₹2,197.17 (Cash & Equivalents: ₹819.33; Loans: ₹1,310.87)
  • Total Liabilities: ₹886.12 (Borrowings: ₹795.36)
  • Total Equity: ₹1,357.83 (Equity Share Capital: ₹1,262.50; Other Equity: ₹95.33)
  • Net Worth: ₹1,351.07

Key Ratios (Q2 FY27):

  • Net Profit Margin: 3.78%
  • Debt to Equity Ratio: 0.59
  • Total Debt to Total Assets: 35.61%
  • Capital Adequacy Ratio: 98.35%
  • Stage 3 Loan Assets to Gross Loan Assets: 3.85%
  • Net Stage 3 Loan Assets to Gross Loan Assets: 0.51%
  • Provision Coverage Ratio: 86.77%

Dates of Action

  • Board Meeting: November 12, 2026 (11:10 AM to 11:50 AM)
  • Effective Date of CFO Resignation: Close of business hours on November 11, 2026
  • Effective Date of New CFO Appointment: November 12, 2026
  • Period of Financial Results: Quarter and Half Year ended September 30, 2026
  • Auditor's Review Report Date: November 12, 2026

Parties Involved

  • Regulator: BSE Limited; Securities and Exchange Board of India (SEBI)
  • Statutory Auditors: Ayyar & Cherian, Chartered Accountants (Firm Reg. No. 000284S)
  • Auditor Signatory: Dijo Philip Mathew (Partner, Membership No. 224930)
  • Monitoring Agency: Brickwork (Report taken on record)
  • Resigning CFO: Ms. Jayasree V
  • New CFO: CA Jithendra P V
  • Company Secretary: Sujith K Ravindranath
  • Managing Director: Anto Mekkattukulam Jayson (DIN: 10528274)

Purpose / Rationale

  • The board meeting was held to approve the unaudited financial results for Q2 and H1 FY27 and address key managerial personnel changes.
  • Ms. Jayasree V resigned as CFO due to "personal and professional reasons".
  • CA Jithendra P V was appointed as the new CFO based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Capital Structure Impact

A significant change in the capital structure is evident. The paid-up equity share capital increased to ₹1,262.50 lakh as of September 30, 2026, from ₹505.00 lakh as of March 31, 2026. This 150% increase indicates a substantial issuance of new shares, likely through a preferential issue or similar fundraising activity, completed during H1 FY27. The cash flow statement confirms an inflow of ₹757.50 lakh from "money received against shares issued."

Financial & Operational Impact

  • The company's profitability decreased significantly in Q2 FY27 (₹4.00 lakh) compared to Q1 FY27 (₹14.15 lakh).
  • Employee benefit expenses saw a notable increase in Q2 FY27 (₹39.07 lakh) compared to Q2 FY25 (₹25.23 lakh) and Q1 FY27 (₹34.78 lakh).
  • The company's liquidity position improved dramatically, with cash and cash equivalents rising to ₹819.33 lakh from ₹18.35 lakh at the end of the previous fiscal year, primarily due to the proceeds from the share issuance.

Forward-Looking Guidance

No explicit forward-looking guidance or management commentary was provided in the disclosed data.