Board Meeting Details

The meeting was held at the company's registered office at 365, Vardhman Plaza, III Floor, Sector-3, Rohini, Delhi 110085. It commenced at 5:00 PM and concluded at 7:55 PM. The following businesses were conducted:

1. Approved unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with Limited Review Report thereon, as recommended by the Audit Committee (pursuant to Regulation 30 & 33 of SEBI LODR).

2. Discussed and noted the secretarial audit report for the year ended March 31, 2026, issued by PCS Nitin Gupta, Secretarial Auditor.

3. Transacted other business items with the permission of the Chair.

Standalone Financial Results (in Lakhs)

Income Statement for Quarter Ended June 30, 2026:

  • Revenue from Operations (Interest Income): ₹519.88
  • Other Income: ₹38.80
  • Total Income: ₹558.68
  • Total Expenses: ₹436.46 (including Finance Costs: ₹400.18, Employee Benefits: ₹12.82, Depreciation: ₹0.48, Other Expenses: ₹22.98)
  • Profit Before Tax: ₹122.22
  • Tax Expense: ₹30.80 (Current Tax: ₹30.78, Deferred Tax: ₹0.02)
  • Profit After Tax: ₹91.42
  • Other Comprehensive Income: ₹134.33
  • Total Comprehensive Income: ₹225.75

Comparative Performance:

  • Profit After Tax declined from ₹229.11 lakh in Q1 FY26 (June 30, 2025) to ₹91.42 lakh in Q1 FY27
  • Revenue from Operations declined from ₹934.46 lakh in Q1 FY26 to ₹519.88 lakh in Q1 FY27

Capital Structure and Ratios:

  • Paid-up equity share capital: ₹1,473.85 lakh (Face value ₹10 per share)
  • Earnings Per Share (Basic & Diluted): ₹0.62
  • Net Profit Margin: 0.18
  • Debt Equity Ratio: 2.41
  • Total Debt to Total Asset: 0.69
  • Debt Service Coverage Ratio and Interest Service Coverage Ratio marked as NA (not applicable as company is registered as NBFC under RBI Act 1934)

Consolidated Financial Results

The consolidated results include the company's associate, Rudraveerya Developers Limited. The company's share of net profit after tax from the associate is ₹172.63 lakh for the period from April 1, 2026, to June 30, 2026, and total other comprehensive income (loss) is ₹138.71 lakh.

Auditor Review

Ajay Rattan & Co., Chartered Accountants (Firm Registration No. 012063N), conducted a limited review of both standalone and consolidated financial results and issued unmodified review reports. Their conclusion states that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Notes to Financial Results

1. Results prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI LODR Regulations

2. Results reviewed by Audit Committee and approved by Board of Directors on August 12, 2026

3. Figures for quarter ended March 31, 2026, are balancing figures between audited annual figures and previously published quarterly figures

4. Previous period figures regrouped/rearranged where necessary

5. Results available on company website: www.sonalmercantile.in