Key Board Approvals

1. Unaudited Financial Results: The Board approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and are accompanied by a Limited Review Report from the statutory auditors.

2. Fundraising Enabling Resolution: The Board approved an enabling resolution to raise funds up to an overall limit of ₹1,500 Crores (Rupees One Thousand Five Hundred Crore Only). The resolution specifies the following breakdown:

  • Non-Convertible Debt: Up to ₹1,000 Crores via private placement in one or more tranches.
  • Equity/Convertible Securities: Up to ₹500 Crores via issuance of equity shares and/or any other securities convertible into equity shares in one or more tranches. This is subject to shareholder approval.

The resolution is enabling in nature, and no specific issue details are mentioned.

Financial Performance (Quarter Ended June 30, 2026)

All figures are in ₹ lakh except earnings per share (EPS).

Consolidated Financials
  • Total Income: ₹1,183.51 lakh
  • Revenue from Operations: ₹1,091.36 lakh, comprising:
  • Interest Income: ₹946.90 lakh
  • Dividend Income: ₹0.13 lakh
  • Fees and Commission Income: ₹144.33 lakh
  • Other Income: ₹92.15 lakh
  • Total Expenses: ₹662.19 lakh, comprising:
  • Finance Cost: ₹573.35 lakh
  • Depreciation and Amortisation: ₹13.71 lakh
  • Employee Benefit Expenses: ₹22.10 lakh
  • Provisions, Contingencies and Bad Debt write offs: ₹10.71 lakh
  • Other Expenses: ₹42.32 lakh
  • Profit Before Tax (PBT): ₹521.32 lakh
  • Tax Expense: ₹89.68 lakh (Current Tax: ₹79.22 lakh, Deferred Tax: ₹10.46 lakh)
  • Profit After Tax (PAT): ₹431.64 lakh
  • Other Comprehensive Income (OCI): ₹437.74 lakh (Net of tax)
  • Total Comprehensive Income: ₹869.38 lakh
  • Earnings Per Share (EPS) (Basic & Diluted): ₹4.36
Standalone Financials (Parent Company)
  • Total Income: ₹1,140.05 lakh
  • Revenue from Operations: ₹1,047.90 lakh, comprising:
  • Interest Income: ₹946.90 lakh
  • Dividend Income: ₹0.13 lakh
  • Fees and Commission Income: ₹100.87 lakh
  • Other Income: ₹92.15 lakh
  • Total Expenses: ₹639.25 lakh, comprising:
  • Finance Cost: ₹573.35 lakh
  • Depreciation and Amortisation: ₹0.30 lakh
  • Employee Benefit Expenses: ₹22.10 lakh
  • Provisions, Contingencies and Bad Debt write offs: ₹10.71 lakh
  • Other Expenses: ₹32.79 lakh
  • Profit Before Tax (PBT): ₹500.80 lakh
  • Tax Expense: ₹89.68 lakh (Current Tax: ₹79.22 lakh, Deferred Tax: ₹10.46 lakh)
  • Profit After Tax (PAT): ₹411.12 lakh
  • Other Comprehensive Income (OCI): ₹437.74 lakh (Net of tax)
  • Total Comprehensive Income: ₹848.86 lakh
  • Earnings Per Share (EPS) (Basic & Diluted): ₹4.15

Capital Structure

  • Paid-up equity share capital (Face value ₹10/-): 99,10,300 shares (₹991.03 lakh), consistent across all periods presented.

Subsidiaries and Audit Scope

  • The consolidated results include the parent company, Starteck Finance Limited, and its subsidiaries: Chitta Finlease Private Limited and Bhuwalka Steel Industries Limited.
  • The limited review of the consolidated results did not cover two subsidiaries, which collectively represented total assets of ₹7,557.55 lakh, total revenues of ₹43.46 lakh, and total comprehensive income of ₹20.53 lakh for the quarter. The review of these subsidiaries was performed by other auditors.

Meeting Details

  • The Board meeting commenced at 6:00 p.m. and concluded at 6:30 p.m. on August 11, 2026.

Signatories and Auditors

  • The disclosure was signed by Laukik Suresh Bhise, Company Secretary (ACS No.: 25289).
  • The Limited Review Reports for both standalone and consolidated results were issued by M K PS & Associates LLP, Chartered Accountants (FRN No.302014E/W101061), signed by CA Ramakrishnan Mani, Partner (Membership No: 032271).