Key Board Decisions and Financial Results

1. Approval of Q1 FY2026 Financial Results: The Board considered and approved the limited reviewed financial results for the quarter ended June 30, 2026.

  • Revenue from Operations: ₹18,021.45 lakhs (₹180.21 crore), comprising:
  • Interest Income: ₹17,137.99 lakhs
  • Fee and commission income: ₹884.88 lakhs
  • Net gain/(loss) on fair value changes: (₹1.42) lakhs
  • Other Income: ₹12.30 lakhs
  • Total Income: ₹18,033.75 lakhs (₹180.34 crore)
  • Total Expenses: ₹15,711.55 lakhs (₹157.12 crore), including:
  • Finance costs: ₹2,347.64 lakhs
  • Impairment of financial assets: ₹8,321.49 lakhs
  • Employee benefit expenses: ₹1,707.09 lakhs
  • Profit Before Tax (PBT): ₹2,322.20 lakhs (₹23.22 crore)
  • Tax Expense: ₹586.99 lakhs
  • Current Tax: ₹942.68 lakhs
  • Deferred Tax: (₹355.69) lakhs
  • Profit After Tax (PAT): ₹1,735.21 lakhs (₹17.35 crore)
  • Earnings Per Share (EPS) (not annualized):
  • Basic EPS: ₹3.92
  • Diluted EPS: ₹3.83
  • Paid-up equity share capital: ₹4,426.81 lakhs (Face value ₹10)
  • The statutory auditors, M/s. R Gopal & Associates, issued an unmodified limited review report.

2. Disclosure under Reg. 52(7) & 52(7A): The Board took note of the statement confirming no material deviation in the use of proceeds for the quarter ended June 30, 2026.

3. Fund Raising Proposal Deferred: The proposal for fund raising was not taken up for discussion and was deferred. No decision was taken.

4. Revision of NCD Issuance Limit: The Board approved a resolution to revise the limit for issuing Non-Convertible Debentures (NCDs) to ₹1,000 crore (INR 1000,00,00,000). This supersedes the earlier resolution passed on March 28, 2026. The NCDs can be of various types (subordinated, listed/unlisted, senior secured, etc.) and will be issued in one or more tranches on a private placement basis, subject to market conditions and approvals.

5. Regulatory Compliance Delay: The Board addressed a notice from BSE regarding delayed compliance under Regulation 50(1)(d) and Regulation 60(2) for the quarter ended June 30, 2026. The Board noted the delay was unintentional and beyond the company's control, advised management to ensure future timely compliance, and confirmed that the levied fine had been paid.

6. Results Publication: The extract of the unaudited financial results with a QR code will be published in one English and one vernacular newspaper as per Regulation 47 and 52(8). The results are also being uploaded on the company's website (www.unifinz.in) as per Regulation 46.

Additional Financial Disclosures (Annexure-A)

  • Key Ratios as of June 30, 2026:
  • Debt Equity Ratio: 2.16 (vs. 1.68 as of Mar 31, 2026)
  • Total Debts to Total Assets: 0.64 (vs. 0.58)
  • Net Worth: ₹17,573.76 lakhs (vs. ₹15,422.71 lakhs)
  • Net Profit Margin: 9.63% (vs. 17.03% for FY2026)
  • Capital to risk-weighted assets ratio (RBI guidelines): 22.20% (vs. 26.92%)
  • GNPA % and NNPA %: 0.00%
  • NCD Issuance during Quarter: The company issued 13% Secured Rated Listed Redeemable NCDs aggregating to ₹15,790 lakhs (₹157.90 crore) through private placement, listed on BSE.
  • Security Cover: All secured NCDs are fully secured by an exclusive charge of hypothecation on book debts/loan receivables. The company maintained sufficient asset cover during the quarter.

Auditor's Report on Covenants (Appendix-1 & Appendix-2)

The statutory auditors, R Gopal & Associates, provided a report confirming:

1. The book values of assets in the Statement are in agreement with the underlying books of account as of June 30, 2026.

2. The company is in compliance with all covenants mentioned in the Debenture Trust Deeds as of June 30, 2026.

The report was issued for submission to BSE Limited and the Debenture Trustee, Vardhman Trusteeship Pvt Ltd.

Statement of Compliance with NCD Covenants

A detailed table lists various NCD series issued between February and May 2026, their ISINs, and confirms compliance with all financial and non-financial covenants as per the Debenture Trust Deed & KID, including maintained security cover. All listed NCDs have a 13% p.a. fixed interest rate, payable monthly, with a bullet principal repayment at maturity.

Disclosure of No Deviation in Fund Utilization (Annexure-B)

A statement pursuant to Regulation 52(7) & 52(7A) confirms there was no deviation or variation in the utilization of funds raised through four separate private placements of NCDs in April and May 2026:

  • 23-Apr-2026: ₹57.90 crore (57,900 NCDs)
  • 12-May-2026: ₹35.00 crore (35,000 NCDs)
  • 20-May-2026: ₹45.00 crore (45,000 NCDs)
  • 29-May-2026: ₹20.00 crore (20,000 NCDs)

All funds were utilized for the stated purpose: "to finance the growth of the portfolio... and to augment the long term growth." The Audit Committee reviewed and confirmed no deviation.

Annexure-C: Fund Raising Details

This annexure provides details for the revised ₹1,000 crore NCD issuance limit. Key terms such as listing status, tenure, coupon rate, charge/security, and special rights are stated as "To be determined for each tranche at the time of finalization." It is clarified that this is an umbrella resolution to revise the limit, and no specific fund-raising resolution was passed in this meeting.

Meeting Logistics

The Board Meeting commenced at 03:10 P.M. and concluded at 04:08 P.M. on 08 August 2026.