Key Decisions Approved

1. Financial Results Approval: The Board approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter and half year ended September 30, 2026. The results were reviewed by the audit committee and statutory auditors issued an unmodified limited review report.

2. NCD Issuance: Approved issuance of Unlisted Non-Convertible Debentures (NCDs) on Private Placement basis up to ₹10,00,00,000 (Ten Crores) with various tenure options and coupon rates.

3. Fundraising Deferral: Raising of funds through Preferential Issue has been deferred for the time being.

Financial Performance Highlights (Standalone - Rs. in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹282.34
  • Total Expenses: ₹274.27
  • Profit Before Tax: ₹8.07
  • Net Profit for the Period: ₹8.07
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01

Half Year Ended September 30, 2026:

  • Total Income: ₹564.09
  • Total Expenses: ₹550.86
  • Profit Before Tax: ₹13.23
  • Net Profit for the Period: ₹13.23
  • Basic EPS: ₹0.02
  • Diluted EPS: ₹0.02

Financial Performance Highlights (Consolidated - Rs. in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹282.97
  • Total Expenses: ₹274.80
  • Loss Before Tax: ₹(11.16)
  • Net Loss for the Period: ₹(11.16)
  • Basic EPS: ₹(0.02)
  • Diluted EPS: ₹10.03 [Note: Apparent data inconsistency]

Half Year Ended September 30, 2026:

  • Total Income: ₹565.46
  • Total Expenses: ₹551.93
  • Loss Before Tax: ₹(23.26)
  • Net Loss for the Period: ₹(23.26)
  • Basic EPS: ₹(0.04)
  • Diluted EPS: ₹10.04 [Note: Apparent data inconsistency]

Key Revenue Components (Standalone Q2 FY27)

  • Interest Income: ₹141.62
  • Fees and Commission Income: ₹111.17
  • Other Operating Income: ₹4.16
  • Net Gain on Fair Value Changes: ₹(1.28)
  • Other Income: ₹26.67

Key Expense Components (Standalone Q2 FY27)

  • Finance Costs: ₹87.08
  • Fees and Commission Expenses: ₹59.69
  • Impairment on Financial Instruments: ₹(2.72) [reversal]
  • Employee Benefits Expenses: ₹68.43
  • Depreciation and Amortization: ₹5.86
  • Other Expenses: ₹55.72

Accounting Policy Change

During the quarter ended March 31, 2026, the Company revised its accounting policy for measurement of investments in subsidiaries and associates from Fair Value Through Profit or Loss (FVTPL) to Cost Method. This change has been applied retrospectively, resulting in derecognition of unrealized loss of ₹172.72 lakhs for Q2 FY25 and ₹43.18 lakhs for H1 FY25.

Change in Subsidiary Status

Vertex Securities Limited ceased to be a subsidiary and became an associate with effect from March 30, 2026, after the company's holding reduced from 53.04% to 42.43% due to non-subscription to rights issue.

NCD Issuance Details

Type: Secured and Unsecured Non-convertible Debentures

Issue Size: Up to ₹10,00,00,000 (Ten Crores)

Listing: Unlisted

Tenure Options:

  • Secured NCDs: 13 months (11.75% p.a.), 3 years (11.75% p.a.), 3 years (11.25% p.a.), 5 years (11.50% p.a.)
  • Unsecured NCDs: 18 months (15.00% p.a.), 367 days (12.00% p.a.)

Security: Secured NCDs will have pari-passu charge on certain current assets

Minimum Subscription: Ranges from ₹2 lakhs to ₹1 crore depending on NCD type

Auditor's Review

Deoki Bijay & Co., Chartered Accountants, issued unmodified limited review reports for both standalone and consolidated financial results. The review emphasized the accounting policy change regarding investment measurement.

Meeting Details

The Board meeting commenced at 11:30 a.m. and concluded at 16:15 p.m. on October 29, 2026.

Additional Information

The company is primarily engaged in a single segment - digital lending and other financial related activities. The financial results are available on BSE, NSE, and company website.