Key Quantitative Figures
- Revenue from Operations: ₹386.16 million (FY25: ₹329.41 million)
- Profit Before Tax: ₹10.06 million (FY25: ₹8.05 million)
- Profit After Tax: ₹8.34 million (FY25: ₹4.95 million)
- Earnings Per Share: ₹2.71 (FY25: ₹1.61)
- Paid-up Equity Share Capital: ₹30.74 million (30,74,225 equity shares of ₹10 each)
- Other Equity: ₹147.60 million (FY25: ₹139.26 million)
- Total Borrowings: ₹169.43 million (FY25: ₹218.89 million)
- Investments: ₹51.34 million (FY25: ₹27.18 million)
- Loans Outstanding: ₹100.92 million (FY25: ₹124.20 million)
- Transfer to Reserve Fund (RBI requirement): ₹1.67 million
Dates of Action
- AGM Date: Wednesday, 30th September 2026 at 11:00 AM
- Book Closure Period: 23rd September 2026 to 30th September 2026 (both days inclusive)
- E-voting Period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
- Cut-off date for e-voting: 23rd September 2026
Parties Involved
- Statutory Auditors: M/s. Dhana & Associates, Chartered Accountants
- Secretarial Auditor: M/s. HKB & Associates, Company Secretaries
- Internal Auditor: M/s. A H P N & Associates, Chartered Accountants
- RTA: MAS Services Limited
- Scrutinizer for e-voting: M/s. Mohan Upreti and co., Company Secretary
- Bankers: Axis Bank, RBL Bank, Canara Bank, IndusInd Bank
Business Resolutions
Ordinary Business
1. Adoption of audited financial statements for FY ended 31-Mar-2026
2. Re-appointment of Mrs. Honey Parwal (DIN: 00025835) as Director retiring by rotation
Special Business
3. Approval for Related Party Transactions up to ₹50 crore per financial year with each related party
4. Appointment of Ms. Sonia Batra (DIN: 11927055) as Non-Executive Independent Director for 5 years (30-Sep-2026 to 29-Sep-2031)
5. Regularization of appointment of Mr. Ritesh Tanwar (DIN: 11379708) as Independent Director
Financial and Operational Impact
- Dividend: No dividend recommended for FY 2025-26
- Reserve Transfer: ₹1.67 million transferred to Reserve Fund as required under Section 45-IC of RBI Act, 1934
- Associate Company: Divested shareholding in Booming Investment Advisor Private Limited from 40.20% to 4.95%, ceasing significant influence
- Capital Structure: No change in share capital during the year
- Internal Controls: Adequate systems in place as per management assessment
Auditor Qualifications
Statutory auditors issued qualified opinion with two key matters:
1. Interest non-provision: ₹7.706 million interest not provided on certain loans due to disputes with parties
2. Loan loss provisions: ₹31.420 million not provided on loans given where no interest was charged, contrary to RBI NBFC guidelines
Management responded that interest wasn't provided due to disputes and believes principal will be recovered despite borrowers' operational challenges.
Key Management Changes
- Ms. Vaishnavi Sharma appointed as Company Secretary & Compliance Officer from 17-Apr-2025 (resigned w.e.f 27-Aug-2026)
- Mr. Ritesh Tanwar appointed as Independent Director from 14-Nov-2025 replacing Mr. Mahaveer Prasad Mundhra
Corporate Governance
- Company exempt from corporate governance reporting requirements under Regulation 15(2) of SEBI LODR due to size
- Conducted board performance evaluation as per SEBI guidelines
- Whistleblower policy and vigil mechanism established
- No frauds reported under Section 143(12) of Companies Act
Related Party Transactions
Detailed disclosures provided for transactions with related parties including directors, their relatives, and entities where directors have interest. Aggregate transactions disclosed in financial statements.
Other Material Information
- Shareholding Pattern: 5,65,278 shares with NSDL, 19,29,417 with CDSL, 5,79,530 in physical form
- Compulsory Demat: Shares subject to compulsory trading in dematerialized form as per SEBI notification
- CSR: Not applicable as company doesn't meet specified thresholds under Section 135 of Companies Act
- Internal Financial Controls: Auditors reported adequate controls in place