Board Meeting Details

The Board of Directors meeting was held on November 3, 2026, commencing at 12:30 PM and concluding at 4:50 PM. The board approved the Statement of Unaudited Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report from statutory auditors M/s. DHANA & Associates.

Financial Results Overview (Standalone, Rs. in Crores)

Quarterly Performance (Q2 FY2026 vs Q2 FY2025 vs Q1 FY2026)

  • Revenue from operations: ₹15.626 (Q2 FY2026) vs ₹8.752 (Q2 FY2025) vs ₹10.300 (Q1 FY2026)
  • Other Income: ₹0.075 (Q2 FY2026) vs ₹0.004 (Q2 FY2025) vs ₹0.910 (Q1 FY2026)
  • Total Income: ₹15.701 (Q2 FY2026) vs ₹8.775 (Q2 FY2025) vs ₹11.210 (Q1 FY2026)
  • Total Expenses: ₹15.214 (Q2 FY2026) vs ₹8.742 (Q2 FY2025) vs ₹9.920 (Q1 FY2026)
  • Profit before tax: ₹0.486 (Q2 FY2026) vs ₹0.011 (Q2 FY2025) vs ₹1.290 (Q1 FY2026)
  • Tax Expense: ₹0.079 (Q2 FY2026) vs ₹0.008 (Q2 FY2025) vs ₹0.330 (Q1 FY2026)
  • Net Profit: ₹0.407 (Q2 FY2026) vs ₹0.001 (Q2 FY2025) vs ₹0.960 (Q1 FY2026)
  • EPS (Basic & Diluted): ₹1.318 (Q2 FY2026) vs ₹0.003 (Q2 FY2025) vs ₹3.130 (Q1 FY2026)

Half-Yearly Performance (H1 FY2026 vs H1 FY2025)

  • Revenue from operations: ₹25.926 (H1 FY2026) vs ₹19.443 (H1 FY2025)
  • Other Income: ₹0.985 (H1 FY2026) vs ₹0.004 (H1 FY2025)
  • Total Income: ₹26.911 (H1 FY2026) vs ₹19.446 (H1 FY2025)
  • Total Expenses: ₹25.134 (H1 FY2026) vs ₹19.184 (H1 FY2025)
  • Profit before tax: ₹1.776 (H1 FY2026) vs ₹0.260 (H1 FY2025)
  • Tax Expense: ₹0.409 (H1 FY2026) vs ₹0.071 (H1 FY2025)
  • Net Profit: ₹1.367 (H1 FY2026) vs ₹0.187 (H1 FY2025)
  • EPS (Basic & Diluted): ₹4.448 (H1 FY2026) vs ₹0.607 (H1 FY2025)

Annual Comparison (FY2025 Audited)

  • Revenue from operations: ₹38.620 (FY2025)
  • Net Profit: ₹0.840 (FY2025)
  • EPS: ₹2.710 (FY2025)

Capital Structure

  • Paid-up Equity Share Capital: ₹3,074,225.000 (face value ₹10 each)
  • Remained unchanged across all periods reported
  • Reserves: ₹16.127 (Sep 2026) vs ₹15.720 (Jun 2026) vs ₹14.000 (Sep 2025) vs ₹14.760 (Mar 2026)

Auditor's Emphasis of Matters

The statutory auditors, DHANA & Associates, issued a limited review report with two significant emphasis matters:

1. Non-provision of Interest Expense on Loans: The company has not provided interest amounting to ₹19,35,100 for the quarter ended September 30, 2026, and ₹38,49,166 for the half year ended September 30, 2026, on various loans taken. This constitutes a departure from the accrual basis of accounting and would have decreased profits and increased loan liability by these amounts.

2. Non-provision for Loss Assets on Loans Given: The company has given loans totaling ₹3,14,20,700 to various parties but has not charged any interest. As per RBI NBFC guidelines, these are classified as loss assets, but the company has not made provisions. This overstates profit by ₹3,14,20,700, understates provision for loss assets by the same amount, and overstates loan assets by ₹3,14,20,700 for the period ended September 30, 2026.

The auditor's conclusion is not modified regarding these matters.

Cash Flow Statement (H1 FY2026)

  • Net cash flow from operating activities: ₹0.369 crores
  • Cash generated from operating activities: ₹-0.040 crores (after direct tax paid of ₹-0.409 crores)
  • Cash flow from investing activities: ₹-0.061 crores (acquisition of property, plant and equipment)
  • Cash flow from financing activities: ₹0.091 crores
  • Net increase in cash equivalents: ₹0.083 crores
  • Closing cash balance: ₹0.018 crores

Additional Notes

1. The company operates in a single segment (Financial Services), hence segment-wise reporting not required.

2. Previous period figures have been regrouped and reclassified for comparability.

3. The company has adopted Indian Accounting Standards (Ind AS) effective April 1, 2019.

4. The financial results were reviewed by the Audit Committee on November 3, 2026, and approved by the Board on the same date.

5. The results will be published in newspapers as per Regulation 47(1)(b) of Listing Regulations and SEBI Circular CIR/CFD/FAC/62/2016 dated July 5, 2016.