Date: October 27, 2026

Board Meeting Outcomes

The Board Meeting held on October 27, 2026 (4:34 PM to 5:10 PM) approved the following matters:

1. Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026

2. Acquisition of 71,857 equity shares (6.25% paid up equity share capital) of Ficus Food Lab Private Limited

3. Appointment of Mr. Hemant Roy as Internal Auditor for financial years 2026-27 to 2028-29

4. Appointment of M/s. SSKA & Company, Chartered Accountants as Independent System Auditor for period from April 1, 2026 to September 30, 2026

Financial Results (Standalone)

Income Statement (₹ in lakhs)

Revenue From Operations:

  • Interest Income: 439.23 (Q1 FY27) vs 458.39 (Q1 FY26)
  • Dividend Income: 4.20 vs 13.08
  • Fees and commission Income: 1,277.70 vs 1,251.17
  • Net gain on fair value changes: (0.82) vs 11.02
  • Total Revenue from operations: 1,720.31 vs 1,733.66
  • Other Income: 1.86 vs 36.14
  • Total Income: 1,722.17 vs 1,769.80

Expenses:

  • Finance Costs: 83.29 vs 55.33
  • Fees and commission expense: 787.36 vs 718.48
  • Impairment on financial instruments: (0.02) vs 0.00
  • Employee Benefits Expenses: 319.26 vs 247.23
  • Depreciation and amortization expenses: 41.08 vs 39.85
  • Other expenses: 231.32 vs 224.07
  • Total Expenses: 1,462.29 vs 1,284.96

Profitability:

  • Profit before tax: 259.88 vs 484.84
  • Tax Expense:
  • Current Tax: 68.76 vs 101.18
  • Deferred Tax: (5.75) vs 4.23
  • Profit for the period: 196.87 vs 379.43

Other Comprehensive Income:

  • Items that will not be reclassified to profit or loss: 821.36
  • Income tax relating to these items: (113.35)
  • Other Comprehensive Income: 708.01
  • Total Comprehensive Income for the period: 904.88 vs 1,045.58

Capital Structure:

  • Paid up share capital (Face value ₹10 per share): 1,575.40

Financial Results (Consolidated)

Income Statement (₹ in lakhs)

Revenue From Operations:

  • Interest Income: 486.13 vs 505.89
  • Dividend Income: 4.24 vs 18.48
  • Rental Income: 2.78 vs 2.63
  • Fees and commission Income: 1,280.04 vs 1,252.69
  • Net gain on fair value changes: 18.81 vs (189.79)
  • Sale of Service: 2.10 vs 2.10
  • Total Revenue from operations: 1,794.10 vs 1,592.00
  • Other Income: 2.27 vs 40.74
  • Total Income: 1,796.37 vs 1,632.74

Expenses:

  • Finance Costs: 64.78 vs 28.69
  • Fees and commission expense: 787.36 vs 718.74
  • Impairment on financial instruments: (0.12) vs (0.13)
  • Employee Benefits Expenses: 349.83 vs 282.47
  • Depreciation and amortization expenses: 43.40 vs 42.29
  • Other expenses: 237.95 vs 231.27
  • Total Expenses: 1,483.20 vs 1,303.33

Profitability:

  • Profit before tax: 313.17 vs 329.41
  • Tax Expense:
  • Current Tax: 72.48 vs 110.49
  • Deferred Tax: (5.69) vs 8.73
  • (Excess)/Short provision for earlier years: (0.43)
  • Profit for the period: 246.81 vs 210.19
  • Profit after tax and share in profit of Associate: 246.81 vs 210.19

Other Comprehensive Income:

  • Items that will not be reclassified to profit or loss: 1,013.42
  • Income tax relating to these items: (143.56)
  • Other Comprehensive Income: 869.86
  • Total Comprehensive income for the period: 1,116.67 vs 952.00

Attribution:

  • Net Profit attributable to:
  • Owners of parent: 243.79 vs 221.81
  • Non-Controlling Interest: 3.02 vs (11.62)
  • Total Comprehensive Income attributable to:
  • Owners of parent: 1,110.45 vs 962.18
  • Non-Controlling Interest: 6.22 vs (10.18)

Capital Structure and EPS:

  • Paid up share capital (Face value ₹10 per share): 1,575.40
  • Earnings per equity share (Basic & Diluted): 1.55 vs 1.41

Acquisition Details (Ficus Food Lab Private Limited)

Transaction Details:

  • Target Entity: Ficus Food Lab Private Limited
  • Acquisition: 71,857 equity shares representing 6.25% paid up equity share capital
  • Consideration: Cash consideration of ₹835 per share (including premium of ₹825 per share)
  • Total Acquisition Cost: Approximately ₹60 lakh
  • Industry: Business-to-manufacturer of wet condiments (mayonnaise, dips, dressings, sauces and syrups)
  • Turnover History:
  • FY 2024: ₹1.11 Crore
  • FY 2025: ₹5.00 Crore
  • FY 2026: ₹14.71 Crore
  • Date of Incorporation: April 21, 2022
  • Geographic Presence: India, UAE, Dubai, Saudi Arabia, KSA, Lebanon, Qatar

Related Party Disclosure:

  • Tanmay Shah holds 51,818 shares (4.80%)
  • Preeti Shah holds 9,000 shares (0.83%)
  • SIHL Commodities Ltd holds 1,90,000 shares (17.61%)
  • SIHL Strategic Advisors Private Ltd holds 1,90,000 shares (17.61%)
  • Transaction confirmed to be at Arm's Length Basis as per Valuation Report

Purpose of Acquisition: To support operations, execute current orders, add additional capacity for future orders requirement, and working capital requirement

Timeline: Expected completion within one month subject to completion of all formalities

KMP / Board / Auditor Changes

Internal Auditor Appointment:

  • Name: Mr. Hemant Roy
  • Effective Date: October 27, 2026
  • Term: Three financial years (FY 2026-27 to FY 2028-29)
  • Profile: Previously an employee of the Company with about 25 years of experience in corporate accounting and finance, expertise in financial reporting and budgeting
  • Role: Exclusive management of Internal Audit functions

System Auditor Appointment:

  • Firm: M/s. SSKA & Company, Chartered Accountants
  • Effective Date: October 1, 2026
  • Term: April 1, 2026 to September 30, 2026
  • Profile: Firm with over 15 years of experience in Taxation, Regulatory Affairs, Audit, Corporate Governance, Business Setup & Consulting

Notes to Financial Results

IPO Completion:

  • Company completed Initial Public Offer of 53,99,200 equity shares of face value ₹10 each at issue price of ₹167 per share (including share premium of ₹157 per share)
  • Fresh issue aggregating to ₹90.17 Crores
  • Equity shares listed on NSE and BSE on October 6, 2026

Accounting Standards:

  • Financial results prepared in accordance with Indian Accounting Standards (IND AS)
  • Figures for year ended March 31, 2026 extracted from audited financial statements
  • Figures for quarter ended March 31, 2026 represent balancing figures between audited full year and unaudited year-to-date figures

Consolidation Entities:

  • SIHL Fincap Limited (Wholly Owned Subsidiary)
  • SIHL Strategic Pvt Ltd (Wholly Owned Subsidiary)
  • SIHL Global Investments (IFSC) Pvt Ltd (Wholly Owned Subsidiary)
  • SIHL Consultancy Limited (Subsidiary)
  • SIHL Health and Wellness Foundation (Associate)