Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, commencing at 02:00 p.m. (IST) and concluding at 06:30 p.m. (IST). The board approved the unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2026.

Financial Results Publication

The Financial Results will be published in one English National Daily and one Vernacular newspaper as required under Regulation 47 of the Listing Regulations.

Auditor Review

Mohandas & Associates, Chartered Accountants (ICAI Firm Registration No: 00211688), issued an unmodified limited review report on the interim standalone financial results, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹77.30 lakh (compared to ₹90.90 lakh in Q1 FY27 and ₹89.95 lakh in Q2 FY26)
  • Revenue from Operations: ₹76.27 lakh
  • Other Income: ₹1.03 lakh
  • Total Expenses: ₹239.75 lakh
  • Finance Costs: ₹59.60 lakh (increased from ₹43.82 lakh in Q1 FY27)
  • Employee Benefits Expense: ₹94.23 lakh
  • Depreciation & Amortisation: ₹22.38 lakh
  • Administrative and Other Expenses: ₹64.84 lakh
  • Profit Before Tax: Loss of ₹162.46 lakh
  • Tax Expenses: Deferred tax benefit of ₹3.14 lakh
  • Profit After Tax: Loss of ₹159.32 lakh
  • Other Comprehensive Income: Loss of ₹1.53 lakh (net of tax)
  • Total Comprehensive Income: Loss of ₹160.85 lakh
  • Earnings Per Share: Basic and Diluted loss of ₹1.39 (not annualized)

Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹168.20 lakh (compared to ₹200.15 lakh in H1 FY26)
  • Profit Before Tax: Loss of ₹288.47 lakh
  • Profit After Tax: Loss of ₹290.28 lakh
  • Total Comprehensive Income: Loss of ₹290.70 lakh
  • Earnings Per Share: Basic and Diluted loss of ₹2.53 (not annualized)

Balance Sheet Position (as at September 30, 2026)

Assets:

  • Total Assets: ₹3,451.64 lakh
  • Financial Assets: ₹2,030.29 lakh
  • Cash and Cash Equivalents: ₹60.65 lakh
  • Loans: ₹1,884.36 lakh
  • Investments: ₹83.56 lakh
  • Other Financial Assets: ₹81.68 lakh
  • Non-Financial Assets: ₹1,421.35 lakh
  • Deferred Tax Assets (Net): ₹200.83 lakh
  • Property, Plant and Equipment: ₹760.09 lakh
  • Right-of-Use Asset: ₹141.72 lakh
  • Other Intangible Assets: ₹7.72 lakh
  • Other Non-Financial Assets: ₹231.03 lakh

Liabilities and Equity:

  • Total Liabilities: ₹2,288.28 lakh
  • Financial Liabilities: ₹2,114.82 lakh
  • Trade Payables: ₹20.76 lakh
  • Debt Securities: ₹1,515.28 lakh
  • Borrowings (Other than Debt Securities): ₹200.00 lakh
  • Lease Liability: ₹145.40 lakh
  • Other Financial Liabilities: ₹233.38 lakh
  • Non-Financial Liabilities: ₹173.46 lakh
  • Provisions: ₹165.59 lakh
  • Other Non-Financial Liabilities: ₹7.87 lakh
  • Equity: ₹1,163.36 lakh
  • Equity Share Capital: ₹114.66 lakh (Face Value per share ₹1)
  • Other Equity: ₹1,048.70 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash Used in Operating Activities: ₹176.26 lakh
  • Net Cash Generated from Investing Activities: ₹1.19 lakh
  • Net Cash Generated from Financing Activities: ₹165.43 lakh
  • Net Decrease in Cash and Cash Equivalents: ₹9.65 lakh
  • Cash and Cash Equivalents at period end: ₹60.65 lakh

Important Notes

1. Financial results prepared in accordance with Ind AS and SEBI Listing Regulations

2. Results reviewed by Audit Committee and approved by Board of Directors

3. Company operates in single primary segment - financing

4. The Code of Social Security, 2020 came into force on November 21, 2025 - company assessing potential impact

5. No transfer of loans not in default or stressed loans during the quarter

6. Maintained full asset cover on secured unlisted redeemable non-convertible debentures

7. Previous period figures rearranged/regrouped for comparability

8. Q2 figures are balancing figures between H1 FY27 and Q1 FY27