Document Overview
Supra Pacific Financial Services Limited reported exceptional financial performance for FY 2025-26 alongside issuing a corrigendum to correct typographical errors in its originally filed annual report. The company demonstrated robust growth across key metrics while maintaining regulatory compliance.
Financial Performance Highlights
The company achieved remarkable growth in FY26 with net profit surging 574% year-on-year to ₹8.17 crore (₹816.53 lakh) from ₹1.21 crore in FY25. This was driven by strong operational performance with revenue from operations growing 85.29% to ₹87.86 crore. Assets Under Management (AUM) expanded significantly by 42.19% to ₹351.67 crore (₹35,166.84 lakh), reflecting strong business momentum.
Portfolio Composition
- Gold Loans: ₹225.86 crore AUM (64% of total assets, 39.79% growth)
- Vehicle Loans: ₹56.39 crore AUM with 4.25% Gross NPA
- Microfinance: ₹62.39 crore AUM (77.45% growth) with 1.85% Gross NPA
- Other Loans: ₹7.03 crore AUM (18.95% growth)
Capital Structure & Fundraising
The company strengthened its capital base through multiple instruments:
- Non-Convertible Debentures: Raised ₹73.57 crore through private placements
- Subordinated Debt: Raised ₹19.04 crore for Tier II Capital
- Preferential Share Issue: Raised ₹27.28 crore, increasing promoter Joby George's holding to 28.73%
- Rights Issue: Issued 1,58,52,525 shares on March 30, 2026
Total equity expanded to ₹114.96 crore from ₹64.49 crore, while capital adequacy remained strong at 38.89% (Tier I: 25.93%), well above RBI's 15% minimum requirement.
Corrigendum Details
The company issued a corrigendum dated August 12, 2026, to correct errors in the originally filed annual report. Corrections included:
- Cash flow statement adjustments for debt securities and subordinated liabilities
- Director remuneration percentage correction for Mr. Joby George to 41.67%
- DIN correction for Smt. Dhanya Jose and debenture redemption reserve amount
- Addition of sitting fees for directors totaling ₹12.40 lakh
The company clarified these corrections had no impact on the financial statements.
Strategic Direction & Outlook
Supra Pacific outlined an ambitious three-year strategic plan targeting:
- ₹2,000 crore AUM within three years
- Expansion to 300+ branch network
- Enhanced digital capabilities across customer journey
- Maintenance of portfolio quality with Gross NPA below 2%
Corporate Governance & Board Changes
The board underwent several changes during FY26:
- Mr. Manoj Raveendrannair appointed as CEO effective May 4, 2026
- Mr. Rajeev M.R. appointed as CFO effective July 16, 2025
- Resignations of Mr. Ramanathan Balakrishnan and Mr. Tomin Joseph Thachankary
The company maintained strong governance practices with 22 board meetings and active committee functioning throughout the year.
Regulatory Compliance & Risk Management
As an RBI-registered NBFC (Base Layer classification), the company maintained full regulatory compliance with no penalties imposed during the year. Credit rating agency Infomerics reaffirmed IVR BBB- / Stable rating for borrowing facilities. The company implemented comprehensive risk management frameworks covering credit, liquidity, interest rate, and operational risks.
Annual General Meeting
The 40th AGM is scheduled for September 21, 2026, to consider adoption of financial statements, director reappointments, and special resolutions for raising up to ₹500 crore each through NCDs and subordinated debt, along with increasing borrowing limits to ₹1,500 crore.