Key Quantitative Figures

Financial Performance (₹ lakhs):

  • Q4 FY26 (Audited): Total Income ₹493.59 crore, Net Profit ₹5.62 crore
  • Full Year FY26 (Audited): Total Income ₹2,108.95 crore, Net Profit ₹17.25 crore
  • Earnings Per Share (FY26): Basic and Diluted ₹2.67
  • Net Worth (as of 31-Mar-2026): ₹204.78 crore
  • Dividend Recommended: ₹0.80 per share (8% on face value of ₹10), aggregating ₹517.65 lakhs

Balance Sheet Highlights (as of 31-Mar-2026):

  • Total Assets: ₹1,433.52 crore
  • Loans: ₹1,073.10 crore
  • Debt Securities: ₹782.11 crore
  • Cash & Cash Equivalents: ₹155.35 crore
  • Equity Share Capital: ₹64.71 crore

Dates of Action

  • Board Meeting: 23 May 2026 (commenced 12:30 PM, concluded 3:00 PM)
  • NCD Redemption Dates:
  • NCD Public Issue 2024: Record Date 24 June 2026, Redemption Date 9 July 2026
  • NCD Public Issue 2021: Record Date 14 August 2026, Redemption Date 29 August 2026
  • Financial Period: Quarter and Year ended 31 March 2026

Parties Involved

  • Statutory Auditors: M/s P N Raghavendra Rao & Co., Chartered Accountants (FRN: 003328S)
  • Debenture Trustee: Catalyst Trusteeship Limited
  • Stock Exchange: BSE Limited
  • Regulators: SEBI, RBI

Financial and Operational Impact

Dividend:

  • Equity dividend of ₹0.80 per share recommended, subject to shareholder approval at AGM
  • Total outflow: ₹517.65 lakhs (subject to TDS)

NCD Redemptions:

NCD Public Issue 2024 (Prospectus dated 13 June 2024):

  • Option I (Monthly): 88,428 NCDs, ₹2,884.28 lakhs, 9.00% p.a., redemption on 9 July 2026
  • Option II (Cumulative): 80,595 NCDs, ₹2,805.95 lakhs, effective yield 9.31% p.a., redemption on 9 July 2026

NCD Public Issue 2021 (Prospectus dated 25 June 2021):

  • Option VII (Monthly): 308,894 NCDs, ₹3,088.94 lakhs, 10.50% p.a., redemption on 29 August 2026
  • Option VIII (Cumulative): 167,053 NCDs, ₹1,670.53 lakhs, effective yield 13.64% p.a., redemption on 29 August 2026

Security Cover:

  • Certified security cover of 1.10 times for all outstanding listed NCDs
  • Total outstanding NCD principal: ₹687.45 crore + accrued interest ₹55.56 crore = ₹743.00 crore
  • Asset coverage: ₹819.27 crore

Fund Utilization:

  • NCD Public Issue XI (August 2025, ₹150 crore) fully utilized for onward lending and repayment of existing borrowings
  • No deviations from objects stated in prospectus

Capital Structure Impact

  • No change in equity share capital (₹64.71 crore)
  • Dividend payment will reduce reserves if approved
  • NCD redemptions will reduce debt securities outstanding

Cash Flow Implications

  • Dividend payment: ₹517.65 lakh outflow (if approved)
  • NCD redemptions: Significant cash outflows in July and August 2026 for principal and interest payments

Governance and Compliance

  • Audit Committee reviewed all documents before board approval
  • Unmodified audit opinion on financial results
  • All related party transactions approved by Audit Committee
  • Compliance with new Labour Codes effective 21 November 2025 assessed with no material impact

Notes and Qualifications

  • Financial results prepared in accordance with Ind AS and RBI guidelines
  • Impairment allowances under Ind AS 109 exceed IRACP requirements, no transfer to impairment reserve needed
  • No subsidiaries/associates/joint ventures
  • Previous period figures regrouped where necessary