Financial Performance Highlights

Consolidated Results:

  • Revenue from operations: ₹14.41 crore (21.1% increase from FY25 ₹11.90 crore)
  • Profit Before Tax: ₹13.96 crore (38.9% increase from FY25 ₹10.05 crore)
  • Net Profit Attributable to Owners: ₹10.46 crore (52.5% increase from FY25 ₹6.86 crore)
  • Other Comprehensive Income: Negative ₹141.61 crore (FY25: Positive ₹75.58 crore)
  • Total Comprehensive Income: Negative ₹131.14 crore (FY25: Positive ₹82.44 crore)
  • EPS: ₹95.98 (FY25: ₹62.92)

Standalone Results:

  • Total Income: ₹5.48 crore (18.5% increase)
  • Profit After Tax: ₹4.01 crore (30.5% increase)
  • Other Comprehensive Income: Negative ₹99.11 crore (FY25: Positive ₹35.56 crore)

Annual General Meeting Details

  • Meeting Date: Thursday, July 30, 2026 at 03:00 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Record Date: Thursday, July 23, 2026
  • Remote e-Voting Period: July 27-29, 2026

Business to be Transacted:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY26

2. Appointment of director in place of Mr. Hari Narain Singh Rajpoot who retires by rotation

Special Business:

3. Appointment of Mr. Pradeep Shashikant Pathare as Non-Executive Independent Director for five years

4. Re-appointment of Ms. Shweta Ratnakar Musale as Independent Director for second five-year term

Investment Portfolio & Asset Analysis

  • Total Investments: ₹980.73 crore (FY25: ₹1,135.99 crore)
  • Major Holdings: CEAT Limited (₹420.93 crore), KEC International Limited (₹258.06 crore), Zensar Technologies Limited (₹227.46 crore)
  • Fair Value Hierarchy: Level 1 investments ₹952.33 crore, Level 3 investments ₹25.83 crore
  • Total Assets: ₹981.09 crore (FY25: ₹1,137.65 crore)
  • Cash and Cash Equivalents: ₹1.23 crore (FY25: ₹2.60 crore)

Capital Structure & Regulatory Compliance

  • Paid-up Capital: ₹10.90 crore (unchanged)
  • Capital Adequacy Ratio: 98.24% (FY25: 98.65%)
  • Company registered as NBFC-ND-ML with RBI
  • Compliance: Adhered to all NBFC regulations including asset classification, provisioning norms, and exposure limits
  • Fine Paid: ₹52,000 + taxes to BSE for delay in submission of Annual Secretarial Compliance Report

Dividend Declaration

No dividend recommended for FY 2025-26 to conserve resources in current volatile environment and maintain sufficient funds for investment and working capital requirements.

Subsidiary Information

  • One wholly-owned subsidiary: Instant Holdings Limited
  • Subsidiary sold entire stake in Sudarshan Electronics & TV Limited on May 7, 2024
  • Financial statements of subsidiary available on company website

Key Management Changes

  • Mr. Abhay Vasant Nerurkar ceased to be Independent Director effective October 28, 2025 after completing second term
  • Mr. Hari Narain Singh Rajpoot retires by rotation and offers himself for reappointment

Employee Benefits & Costs

  • Total Employees: 6 (including KMPs)
  • Employee Benefit Expense: ₹1.93 crore (FY25: ₹1.69 crore)
  • Implementation of Labour Codes resulted in incremental employee benefit expense of ₹9.84 lakhs (standalone) and ₹10.64 lakhs (consolidated)
  • Gratuity Obligation: ₹38.54 lakhs (FY25: ₹22.28 lakhs)

Risk Management & Corporate Governance

The Risk Management Committee manages company's risks including Strategic Risk, Interest Rate Fluctuations Risk, Credit Risk, and Market Risks. Board comprises 6 Non-Executive Directors with 4 Board meetings held during the year.

Corporate Governance & BRSR

Company included in top 1000 companies by market capitalization requiring Business Responsibility and Sustainability Report submission with disclosures covering environmental, social, and governance parameters as per SEBI requirements.