Winro Commercial (India) Limited 43rd Annual Report FY2025-26
Financial Performance Overview
Winro Commercial reported significant declines in financial performance for FY26, with standalone net profit dropping 70% to ₹10.08 crore from ₹34.02 crore in FY25. Total income declined 69% to ₹13.96 crore from ₹44.85 crore previously. Consolidated performance showed profit after tax of ₹19,366.95 lakhs, with substantial contributions from associate investments. Earnings per share decreased to ₹804.86 from ₹2,715.77 in the previous year.
Operational Highlights and Strategic Changes
The company discontinued its windmill power generation activity during the year and reclassified related assets with carrying value of ₹45.75 lakh as held for sale. Core operations continued as an NBFC-Investment and Credit Company (NBFC-ICC) classified as NBFC-Middle Layer under RBI regulations. The company fully repaid secured borrowings of ₹20.15 crore during the year while maintaining strong CRAR of 80.85%.
Investment Portfolio and Associate Performance
Total investments grew to ₹277.19 crore with significant fair value gains of ₹106.83 crore. The company holds investments in six associate companies including Four Dimensions Securities (39.52% holding), Singularity Holdings (40.47%), and Saraswati Commercial (22.77%). Share of profit from associates totaled ₹9,285.79 lakhs, with Four Dimensions Securities contributing ₹4,020.09 lakhs and Singularity Holdings ₹3,490.25 lakhs.
Management and Governance Changes
Key management changes included the resignation of CEO Mithun Soni and Company Secretary Jitendra Parihar. Sanket Baheti was appointed as new CEO effective June 1, 2026, while Tushar Desai was re-appointed as Chief Compliance Officer. The Board comprised six members including Chairperson Vallabh Prasad Biyani and Whole Time Director & CFO Ritesh Zaveri.
Related Party Transactions and Compliance
Related party transactions totaled ₹477.57 crore during FY26, comprising loans taken (₹87.79 crore), loans given (₹280.57 crore), and interest payments. Loans to related parties represented 99.98% of total loans outstanding at ₹19,720.60 lakhs. The company confirmed compliance with all regulatory requirements, including no wilful default status, no benami property holdings, and no crypto currency transactions.
Shareholding and Corporate Actions
Promoter holding stood at 50.86% with major shareholders including Four Dimensions Securities (25.95%), Singularity Holdings (8.79%), and Saraswati Commercial (8.00%). The 43rd AGM is scheduled for September 24, 2026, with agenda items including adoption of financial statements and re-appointment of director Mrs. Rupal Vora for a second five-year term.
Regulatory and Statutory Compliance
The company transferred ₹20.16 crore to statutory reserves under RBI Act requirements and maintained all mandatory policies under SEBI Listing Regulations. CSR expenditure of ₹5.04 crore exceeded the requirement of ₹5.04 crore. Statutory auditors issued unmodified opinions, with key audit matter being fair valuation of financial instruments including unquoted NSE shares valued at ₹202.65 crore.