Board Meeting Outcomes
The Board of Directors meeting held on August 14, 2026 (commencing at 03:21 PM and concluding at 04:08 PM) approved several items:
- Approved the Unaudited Financial Statements (Standalone and Consolidated) and took on record the Limited Review Report for the first quarter ended June 30, 2026
- Approved the Company's Director's Report including Corporate Governance Report and other Annexures and Reports for the financial year 2025-26
- Approved and recommended re-appointment of Mr. Sureshchand Premchand Jain (DIN: 00004402) as Managing Director, liable to retire by rotation at the ensuing Annual General Meeting
- Approved the appointment of M/s. Satyendra & Associates, Chartered Accountant (FRN: 148825W) as the Internal Auditor of the Company for the financial year 2026-27
- Approved convening of the 43rd Annual General Meeting on Wednesday, September 30, 2026 at 03:00 PM through Video Conferencing or Other Audio Visual Means
- Determined cut-off date for E-Voting for 43rd AGM as Wednesday, September 23, 2026
Director Re-appointment Details
Mr. Sureshchand Premchand Jain, Managing Director, with 30 years of experience in Hotel & Finance Industry, is proposed for re-appointment effective September 30, 2026. He is husband of Mrs. Meena Sureshchand Jain, Non-Executive Non-Independent Director of the Company. He is not debarred from holding office of Director under Section 164 of Companies Act, 2013.
Internal Auditor Appointment
M/s. Satyendra & Associates, Chartered Accountants, were appointed on August 14, 2026 as Internal Auditor for FY 2026-27. The firm has 16 years of experience as practicing Chartered Accountants. No relationships exist between directors and the auditor.
Standalone Financial Results Q1 FY27
Financial Performance (Quarter Ended June 30, 2026):
- Total Revenue from Operations: ₹772 crore (Previous quarter: ₹416.9 crore; Year-ended March 31, 2026: ₹1,106.8 crore)
- Other Income: ₹542.01 crore (Previous quarter: ₹397.49 crore)
- Total Income: Not explicitly totaled but components sum to approximately ₹1,314.01 crore
- Total Expenses: ₹378.11 crore (Previous quarter: ₹259.56 crore)
- Profit before Tax: ₹378.41 crore (Previous quarter: ₹759.56 crore)
- Tax Expense: ₹72.18 crore (Current Tax: ₹0; Deferred Tax: ₹72.18 crore)
- Profit for the Period from Continuing Operations: ₹265.93 crore (Previous quarter: ₹214.89 crore; Year-ended March 31, 2026: ₹350.18 crore)
- Total Comprehensive Income: ₹799.62 crore (Previous quarter: ₹618.56 crore)
- Basic EPS from Continuing Operations: ₹4.42 (Previous quarter: ₹3.57; Year-ended March 31, 2026: ₹5.82)
- Diluted EPS from Continuing Operations: ₹4.42 (Previous quarter: ₹3.57; Year-ended March 31, 2026: ₹5.82)
Revenue Breakdown:
- Interest Income: ₹103.0 crore
- Dividend Income: ₹445.74 crore
- Other Operating Income: ₹534.29 crore
Expense Breakdown:
- Employee Benefits Expenses: ₹12.96 crore
- Depreciation and Amortization: ₹0.75 crore
- Other Expenses: ₹163.90 crore
Consolidated Financial Results Q1 FY27
Financial Performance (Quarter Ended June 30, 2026):
- Profit for the Period from Continuing Operations: ₹265.99 crore (Previous quarter: ₹214.90 crore)
- Total Comprehensive Income: ₹759.68 crore
- Basic EPS from Continuing Operations: ₹4.42 (Previous quarter: ₹3.57)
- Diluted EPS from Continuing Operations: ₹4.42 (Previous quarter: ₹3.57)
Entities Included: Pride Orchades Private Limited (45% Shareholding)
Auditor Review
R.C. Jain & Associates LLP conducted limited review of both standalone and consolidated financial results and issued unmodified conclusions. For consolidated results, they noted that financial statements of Pride Orchades Private Ltd (associate accounted on equity method) were not reviewed but are not material to the Group.
Additional Information
- The company is primarily engaged in Financial Services and allied activities with no separate reportable segments
- Business is not subject to seasonal variation
- Provision for Gratuity and Leave encashment made on estimated basis
- Previous year figures have been regrouped/rearranged where necessary