Board Meeting Details

The meeting of the Board of Directors was held on Wednesday, October 21, 2026, commencing at 04:00 PM and concluding at 06:30 PM. The Board approved the following matters:

1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026, along with the Limited Review Report, Statement of Assets and Liabilities, and Cash Flow Statement.

2. Other routine businesses with the permission of the chair.

Financial Results Overview

The financial results include both standalone and consolidated figures for the quarter ended September 30, 2026 (Q2 FY2026), half year ended September 30, 2026 (H1 FY2026), with comparative figures for previous periods.

Standalone Financial Highlights (₹ in lakhs):

Quarter Ended September 30, 2026:

  • Total Income: ₹2,951.13
  • Profit Before Tax: ₹541.76
  • Profit After Tax: ₹400.15
  • Basic EPS: ₹1.99
  • Diluted EPS: ₹1.98

Half Year Ended September 30, 2026:

  • Total Income: ₹5,843.25
  • Profit Before Tax: ₹1,097.82
  • Profit After Tax: ₹810.32
  • Basic EPS: ₹4.03
  • Diluted EPS: ₹4.02
Consolidated Financial Highlights (₹ in lakhs):

Quarter Ended September 30, 2026:

  • Total Income: ₹3,159.07
  • Profit Before Tax: ₹687.85
  • Profit After Tax: ₹523.49
  • Share of loss of associates: ₹(2.14)
  • Total comprehensive income: ₹2,743.80
  • Basic EPS: ₹2.59
  • Diluted EPS: ₹2.58

Half Year Ended September 30, 2026:

  • Total Income: ₹6,058.33
  • Profit Before Tax: ₹1,221.02
  • Profit After Tax: ₹910.98
  • Share of loss of associates: ₹(13.27)
  • Total comprehensive income: ₹3,099.74
  • Basic EPS: ₹4.47
  • Diluted EPS: ₹4.45

Revenue Breakdown

Standalone Revenue from Operations (Q2 FY2026):

  • Fees and commission income: ₹1,391.49
  • Interest income: ₹1,162.35
  • Net gain on fair value changes: ₹0.00
  • Merchant banking fees: ₹168.51
  • Sale of shares and securities: ₹116.08
  • Revenue from other operations: ₹105.26

Consolidated Revenue from Operations (Q2 FY2026):

  • Fees and commission income: ₹1,391.48
  • Interest income: ₹1,172.53
  • Net gain on fair value changes: ₹0.00
  • Merchant banking fees: ₹168.51
  • Sale of shares and securities: ₹116.08
  • Revenue from other operations: ₹105.78

Key Financial Position (as at September 30, 2026)

Standalone:

  • Total Assets: ₹56,679.16 lakhs
  • Total Liabilities: ₹41,236.71 lakhs
  • Equity: ₹15,442.45 lakhs
  • Paid-up equity share capital: ₹404.26 lakhs (face value ₹2 per share)
  • Reserves: ₹15,038.19 lakhs

Consolidated:

  • Total Assets: ₹60,729.75 lakhs
  • Total Liabilities: ₹42,741.63 lakhs
  • Equity: ₹17,988.12 lakhs
  • Paid-up equity share capital: ₹404.26 lakhs (face value ₹2 per share)
  • Reserves: ₹17,583.86 lakhs

Cash Flow Statements (H1 FY2026)

Standalone:

  • Net cash outflow from operating activities: ₹(5,108.66)
  • Net cash inflow from investing activities: ₹1,088.79
  • Net cash inflow from financing activities: ₹3,827.36
  • Net decrease in cash: ₹(192.51)

Consolidated:

  • Net cash outflow from operating activities: ₹(5,312.10)
  • Net cash inflow from investing activities: ₹703.66
  • Net cash inflow from financing activities: ₹4,593.65
  • Net decrease in cash: ₹(14.79)

Segment Reporting

The company has two reportable segments:

1. Broking and related activities

2. Merchant banking activities

Segment Results (Q2 FY2026 Consolidated):

  • Broking and related activities profit: ₹423.37
  • Merchant banking activities profit: ₹118.39
  • Others profit: ₹146.09

Auditor's Review

Fadnis & Gupte LLP, Chartered Accountants, reviewed the unaudited financial results and issued a limited review report stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Significant Notes to Financial Results

1. The consolidated results include three wholly owned subsidiaries: Swastika Finmart Private Limited, Swastika Investmart (IFSC) Private Limited, and Avisa Wealth Manager Private Limited, and share of profit/(loss) of one associate company: Swastika Insurance Broking Services Limited.

2. The company has 95,500 stock options outstanding under Swastika Investmart Limited - Employee Stock Option Scheme, 2025.

3. The Preferential Allotment Committee allotted 90,50,000 share warrants convertible into equivalent equity shares to persons belonging to promoter & promoter group and non-promoter/public category on September 30, 2026. The company received an upfront payment of ₹14,39,85,500 (25% of total consideration), with the remaining 75% payable on exercise of options within 18 months from allotment.

4. The investment in Ujaas Energy Limited (23.56% equity stake held by subsidiary) was remeasured at fair value of ₹7.08 per share, resulting in Other Comprehensive Income of ₹2,175.17 lakhs.

5. The subsidiary sold 0.05% equity stake in Ujaas Energy Limited during the quarter.

Disclosure Compliance

The financial results will be submitted in XBRL mode through integrated filing and uploaded on the BSE website (www.bseindia.com) and company website (www.swastika.co.in). A publication containing a Quick Response code will be published in Marathi and English newspapers within the prescribed time limit.